The EUR/USD pair retreats on Monday, trading around 1.1560 after gaining nearly 1.5% in the previous session. The decline comes as the U.S. Dollar (USD) rebounds from prior losses, partially regaining investor confidence. However, the greenback may face renewed pressure following Friday’s weaker-than-expected U.S. jobs report, which triggered a notable shift in market expectations regarding […]
Daily Technical Analysis EUR/USD: Surge Slows at Multi-Year Highs — Tax Reform and Yields Bring Gains to a Stop
The EUR/USD pair remained flat during Wednesday’s session, hovering around 1.1780 after briefly touching a multi-year high of 1.1830. The euro’s advance lost steam following the U.S. Senate’s approval of President Trump’s $3.3 trillion “One Big Beautiful Bill,” which includes the entirety of his legislative agenda. The bill, passed by a 51–50 margin with Vice […]
Outlook for the Week of June 29 – July 4
The week of June 29–July 4 promises to be pivotal for global markets, with investors watching key economic data and central bank signals amid lingering geopolitical risks. In the U.S., focus will center on core PCE, ISM PMIs, and the jobs report, which could shift expectations for Fed rate cuts, while political tensions over Fed […]
Daily Technical Analysis EUR/USD: Continues to Rally Above 1.1600 Amid Breakdown of Truce and Decline in U.S. Dollar
The EUR/USD pair extended its winning streak for a fourth consecutive session, rising 0.39% to trade at 1.1619—just below the yearly high of 1.1641. The advance was driven by broad U.S. dollar weakness, spurred by easing geopolitical tensions after Israel and Iran agreed to a ceasefire. This improvement in global risk sentiment weighed on the […]
Outlook for the Week of June 23 – 27
The week of June 23–27 could prove pivotal for global markets, as investors navigate a mix of economic uncertainty and rising geopolitical tensions. In the U.S., attention will center on core PCE and consumer spending data, alongside Fed Chair Powell’s testimony—all under the shadow of tariff impacts and slowing consumption. Europe awaits June PMIs and […]
Daily Technical Analysis EUR/USD: Loses Momentum Below 1.1500 Following U.S. Attacks on Iran
The EUR/USD pair retreats to around 1.1480 in early Asian trading on Monday, as the U.S. dollar gains traction amid escalating geopolitical tensions. President Donald Trump’s announcement that the U.S. has joined Israel in military action against Iran has intensified the conflict, pushing investors toward safe-haven assets like the greenback. Over the weekend, U.S. forces […]
Daily Technical Analysis EUR/USD: Drops Below 1.15 Amid Trump’s Iran Threats and Dollar Rally
The EUR/USD currency pair declined sharply by more than 0.60%, currently trading at 1.1484 after retreating from daily highs of 1.1579. The US Dollar’s strength stems from its appeal as a safe-haven asset during periods of geopolitical uncertainty, particularly as tensions in the Middle East between Israel and Iran continue to escalate. Market Drivers The […]
Outlook for the Week of June 16–20
The week of June 16–20 could be pivotal for global markets as central banks take center stage. In the U.S., the Federal Reserve is expected to hold rates steady, but all eyes will be on Powell’s tone and the updated dot plot for clues on future cuts. In Europe, the Bank of England may strike […]
Daily Technical Analysis EUR/USD: Moderates Near 1.1550 Amid Escalating Israel-Iran Tensions
EUR/USD extends its decline for a second straight session, trading around 1.1540 during Monday’s trading hours. The pair remains under pressure as the US Dollar strengthens on the back of safe-haven demand, fueled by escalating geopolitical tensions in the Middle East. On Friday, Israel launched attacks on Iranian nuclear facilities and missile sites. In response, […]
Daily Technical Analysis EUR/USD: Flat as Traders Await U.S. CPI and U.S.–China Trade Developments
The EUR/USD pair remains stable during Tuesday’s session, trading around 1.1423, as markets await updates from U.S.–China trade discussions in London and the upcoming release of U.S. inflation data. Markets Monitor U.S.–China Talks and Economic Data Talks between Washington and Beijing entered their second day, with U.S. President Joe Biden calling them “productive.” However, investor […]