As this week begins, the EUR/USD is moving within a very tight range in a quiet environment, with little economic data scheduled for today and anticipation building for the US inflation figures due later this week. This is likely to elicit a significant and direct response concerning the future of monetary policy by the Federal Reserve. […]
The EUR/USD has been trading in a range between 1.0790 and 1.0738 this week. Amidst the current currency market backdrop, the EUR/USD may take cues from Thursday’s U.S. initial jobless claims report along with the preliminary University of Michigan index of U.S. consumer sentiment on Friday. Signs of weakness in the labor market could translate […]
The EUR/USD extended its gains to 1.0812 resistance after weaker than expected U.S. jobs data and settled around 1.0760 at the start of trading this week. According to markets and analysts, there are signs that both the Fed and the ECB are going to take different paths this year. The Fed indicated in its statement last week that the economy remains solid thanks to […]
EUR/USD prices attempted to rebound last week, reaching the resistance level at 1.0753. However, the dollar recovered strongly after consumer spending data showed stronger-than-expected growth in the first quarter of the year. Recently, EUR/USD dipped to 1.0674 support before ending the week around 1.0692. On the other hand, the dollar remained in the spotlight ahead […]
The EUR/USD is expected to show strength this week, though it is likely to stay above the psychological support level of 1.05. According to several forex analysts, the euro is under pressure against the dollar as markets anticipate the European Central Bank independently proceeding with rate cuts in June, without mirroring similar actions by the […]
Throughout the previous week, the EUR/USD attempted to rebound, although its gains were limited and it could not break the 1.0700 barrier, as selling pressure remained stronger and the US dollar had several supporting factors. Although the EUR/USD was able to close the week stable near the 1.0655 level, during the same week the pair […]
EUR/USD is holding unchanged above 1.0600, after posting losses on Tuesday. Short-term estimates indicate that the EUR/USD could extend its recovery if it breaks the 1.0660 level. On Tuesday, the EUR/USD moved higher in the early hours of the US session after poor US housing data weighed on the dollar (USD). Later, however, announcements by […]
The EUR/USD has bounced from five-month lows despite market expectations regarding the Federal Reserve (Fed). Meanwhile, members of the European Central Bank (ECB) indicated that there is a high possibility of more than three rate cuts this year. There is also a strong possibility that investors will seek refuge in the US dollar (USD) due to […]
The EUR/USD fluctuated this Wednesday morning in anticipation of consumer inflation data and the upcoming US Federal Reserve (Fed) minutes. During that time, the EUR/USD was trading at 1.0850, up from this month’s low of 1.0725. Today’s calendar has no important data scheduled from the euro zone. In Europe, the focus is on the possibility that […]
The EUR/USD’s downtrend worsened, and the pair fell to its lowest level since February 15th of this year. According to the economic calendar, the most recent employment report showed that the U.S. economy added nearly 303,000 jobs last month, the largest increase in 10 months and far exceeding market estimates of a 200,000 increase. In addition, […]
