Quick Look: Tepid U.S. Data: Weak economic data stokes fears; markets anticipate a 50 bps rate cut by the Fed in September. Eurozone Weakness: Germany’s economy contracts by 0.1%; the manufacturing sector shows persistent contraction. Fed’s Balanced Approach: Fed keeps rates steady; hints at potential rate cut in September if trends persist. Global Central Banks: …
Quick Look: USD Resilience: The US Dollar advanced despite post-Fed retracement and risk-off sentiment, highlighting its safe-haven status. EUR/USD Decline: The Euro fell below 1.0800 against the USD, driven by risk aversion rather than euro-specific data. GBP/USD Low: The British Pound hit four-week lows despite a BoE rate cut, with future rate cuts uncertain. USD/JPY …
USD Strengthens Despite Market Jitters on August 2 Read More »
Quick Look: Federal Reserve hints at potential rate cuts, leading to higher opportunity costs for holding the US dollar. The euro has risen 2.1% against the dollar, marking gains in 13 of the last 15 trading days. The British pound approaches $1.30, benefiting from positive UK economic indicators and a weakening dollar. The forex market …
Forex Market Shifts: Dollar Declines, Euro Up 2.1% Read More »
Quick Look: The USD Index (DXY) rose above 105.00, reflecting robust demand despite lower US yields, driven by upcoming testimonies from Fed officials. French snap elections and Jerome Powell’s congressional testimony are key events impacting investor sentiment and USD movements. EUR/USD reached a high of 1.0850 but fell back, highlighting the complex interplay between the …
Quick Look: EUR/USD climbed above 1.0750 and 1.0780 resistance, supported by technical indicators and SMA signals. The immediate target is 1.0850, followed by 1.0865 and 1.0920, and the potential for 1.1120 if bullish momentum continues. Key support is at 1.0810 (aligned with 23.6% Fibonacci retracement) and 1.0790 (trend line support), crucial for maintaining a bullish …
EUR/USD Breaks Key Levels, Eyes 1.0920 Resistance Read More »
Quick Look: ECB’s rate cut and political shifts undermine the EUR as the USD strengthens with easing inflation. Air fell below 1.0700, its lowest in over a month, amid volatile market conditions. Mixed signals with CPI at 3.3% in May; FOMC keeps interest rate steady, revealing uncertainty about future cuts. Far-right victories in elections prompt …
EUR/USD Forecast: Dollar Rallies as Euro Hits 1-Month Low Read More »
Quick Look: EUR/USD remains neutral, watching 1.0915 for an upward move and 1.0718 for a downward shift. The pair is adjusting from a high of 1.1274, with 1.0601 and 1.1138 as significant levels. Noise and choppiness dominate, influenced by Federal Reserve and ECB policies. As we reach mid-day, the EUR/USD pair presents a neutral bias, with …
EUR/USD Mid-Day: Neutral Bias at 1.0915 and 1.0718 Read More »
Quick Look: The pair trades mid-1.3700s, slightly down from recent highs, influenced by rising crude oil prices boosting CAD. The upcoming US CPI report and FOMC decision will significantly impact market direction and sentiment. The USD/CAD currency pair is trading in the mid-1.3700s, experiencing a slight retreat from a recent one-month high. Multiple factors have …
Quick Look: MUFG predicts EUR/USD at 1.12 by March 2025; Barclays sees 1.05–1.06 this year. ECB cut rates by 25 basis points; EUR/USD fell from 1.09 to 1.08 after strong US job data. May non-farm payrolls rose by 272,000, unemployment was 4.0%, and average earnings were up 0.4%. Financial analysts’ opinions differ regarding the future …
Quick Look: EUR/USD is trading at 1.0895. Bullish signals above the 100-period EMA and RSI. ECB cut rates by 25 bps; no further cuts are expected in July. Market sentiment is positive; high volatility is expected with the jobs report. As of the early European session on Friday, the EUR/USD pair is trading at 1.0895. …
EUR/USD at 1.0895 Amid Bullish Trend and ECB Rate Cut Read More »
Quick Look: Market Opening: USD/CAD opened at 1.3694 and closed at 1.3626, with WTI oil at $72.77 and gold at $2330.35. Oil Prices and the Loonie: Falling oil prices pressured the Canadian dollar despite initial support from OPEC’s production cuts. US Treasury Yields: A drop in the 10-year yield weakened the US dollar, impacting USD/CAD …
USD/CAD Closes at 1.3626 Amid Oil Drop and Yield Decline Read More »
Quick Look: The EUR/USD pair struggles at 1.0850 amid a stronger USD driven by hawkish Fed comments and strong US consumer confidence data. The USD strengthens broadly, influenced by strong consumer confidence data, the Fed’s Beige Book, and hawkish remarks from Fed officials. The EUR/USD pair is under pressure as the US dollar strengthens. This …
EUR/USD at 1.0850; FTSE Falls on Royal Mail Takeover Read More »
Quick Look: EUR/USD pair dropped 0.2% this week but rose 1.7% over the past month. Trendline support at $1.1139, with no major resistance until $1.0883. US PMI Services Index up to 54.8; employment index up to 49.4. ECB rate cut likely in June, driven by strong wage growth in Germany. The EUR/USD currency pair has …
Quick Look: EUR/USD hovers near 1.0820, driven by stronger US dollars and higher yields. The US Dollar gains from higher yields and a 62% probability of Federal Reserve rate cuts by September. ECB may cut rates by June; President Lagarde is confident in managing inflation despite weak Eurozone fundamentals. The EUR/USD currency pair hovers at …
Quick Look: Strong Technical Support: EUR/USD above key levels; 14-day EMA at 1.0752. Bullish Breakout Potential: Resistance near 1.0800; exceeding it could reach 1.0885. Important Economic Data: Upcoming CPI could weaken the USD, boosting the Euro. The Euro experienced a significant recovery against the US Dollar during the Asian trading session on Tuesday. The EUR/USD …
EUR/USD Hits 1.0780: Rising Amid FOMC and CPI Events Read More »
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