The EUR/USD remains under pressure as concerns about the Eurozone economy and the future of monetary policy continue. The pair has declined for three weeks in a row. According to the economic calendar results, S&P Global mentioned that its Eurozone PMI survey showed signs that the economic recovery was hit by a setback at the […]
At the beginning of the week, the EUR/USD was able to stabilize near $1.07, remaining at its lowest levels for the past seven weeks. This follows a 0.8% decline in the previous week, which represents the biggest loss since April. In a general overview, market participants are keeping an eye on the political turmoil in […]
The EUR/USD failed to hold on to yesterday’s early gains and continued its losses to the 1.073 support level, its lowest level in more than a month, as political uncertainty in France weighed on market investor sentiment. French President Emmanuel Macron called for early parliamentary elections in response to the far-right’s success in the European […]
According to the results of the economic calendar, market analysts are divided over the number of rate cuts Federal Reserve officials will indicate for 2024. This division follows recent inflation figures that showed inflation remains elevated. In the big picture, policymakers may step back from their estimates of U.S. rate cuts this year, although it […]
The euro rose against all G10 currencies after euro zone inflation beat estimates. The US dollar surrendered after a personal consumption expenditures reading that fell below estimates, which will be welcomed by Federal Reserve policymakers eager to cut interest rates before the end of the year. The European Central Bank (ECB) is expected to cut […]
According to the economic calendar results, headline and core inflation rates increased to 2.6% and 2.9% in May, higher than expected. This set of data suggests that the economic backdrop could benefit from a looser monetary policy from the Federal Reserve. Underlying prices for personal consumption expenditures, the Fed’s preferred measure of inflation, increased by […]
In an attempt to drive the EUR/USD price higher, the pair rallied yesterday, reaching the resistance level of 1.0889 before stabilizing around 1.0850. Recently, traders of the European currency (EUR) have been awaiting the German inflation figures. At the same time, the US dollar (USD) continues to rise ahead of the Federal Reserve’s policy tightening. […]
The EUR/USD was unable to break or at least challenge the 1.09 level during the previous week, instead dropping to the 1.0850 level within tight ranges. Also, this week will be crucial as Friday brings important US inflation data. Recently, the minutes of the Federal Reserve’s May meeting indicated that inflation had not retreated further in recent […]
Elsewhere in Europe, Eurozone PMI data, along with specific figures from Germany and France, will be released early. These are expected to show further growth in the services sector and a slight contraction in manufacturing. Additionally, consumer confidence in Europe is expected to improve significantly, reaching its highest level since February 2022. On the other […]
The EUR/USD is trading near its highest level in over a month, ahead of the release of crucial US inflation data that is expected to significantly impact the Fed’s monetary policy outlook. As currency markets await key data from the world’s leading economy, which will impact the dollar and overall market sentiment, earlier strong wage […]
