The EUR/USD pair capitalized on a broad-based decline in the U.S. dollar as markets prepared for the initial results of the U.S. presidential election that began on Tuesday. The euro gained two-thirds of a percentage point, breaking above the 1.0900 level as investors anticipated favorable market conditions during the election cycle that will determine the […]
Outlook for the Week of November 4–8
Key Points to Watch: U.S. Election Impact on the Markets The U.S. dollar has strengthened recently, supported by optimistic data suggesting the Federal Reserve may not need to make another 50-basis-point rate cut for the remainder of 2024. Additionally, market bets are growing on a potential victory for Donald Trump and his return to the […]
Daily Technical Analysis EUR/USD: The Pair Rises Ahead of U.S. Elections
The EUR/USD recovered some losses from the previous session, trading near 1.0880 in early Asian trading on Monday. This rise may be due to a softer U.S. dollar following weaker-than-expected October Non-Farm Payrolls data. However, uncertainty surrounding the U.S. presidential election could drive safe-haven demand, limiting the pair’s upside potential. On Friday, U.S. Bureau of […]
Daily technical analysis EUR/USD: Slight Rise Above 1.0800 Ahead of U.S. & Eurozone GDP, German Inflation Data
The EUR/USD pair’s gains remain limited, with uncertainty prevailing ahead of the U.S. presidential election and critical economic data from the U.S. A potential Trump victory is seen as a possible dollar-strengthening factor, with the market currently pricing in a 60% probability for a Republican win, which could ease downward pressure on the EUR/USD in […]
Outlook for the Week of October 28 – November 1
Key points to watch out for: All Eyes on U.S. Data as the Fed Turns Hawkish In September, the Federal Reserve’s unexpected decision to cut rates by about 50 basis points appears to linger in the market’s memory, as policymakers have now taken a more hawkish stance. U.S. economic indicators since the September meeting have […]
Daily Technical Analysis EUR/USD: Below 1.0800 as Fed Tightening Looms
The EUR/USD remains steady at 1.0790 after posting losses in the previous session. However, the pair could be impacted by a stronger dollar, as recent positive U.S. economic data has bolstered expectations for a less dovish Fed approach in November. On Friday, the Michigan Consumer Sentiment Index rose to 70.5 in October, up from 68.9 […]
Daily Technical Analysis EUR/USD: Pair Nears 16-Week Low, Stays Negative
EUR/USD extended its downward movement on Tuesday, retreating about 0.16% and testing a key technical barrier that could lead to fresh 16-week lows if the price breaks below this support level. European Central Bank President Christine Lagarde made several appearances on Tuesday, but her remarks, which were fairly generic, did little to support the euro. […]
Outlook for the Week of October 21-25
Key points to watch out for: Bank of Canada Likely to Cut Rates by Half a Point Estimates that the Bank of Canada will cut rates by 50 basis points at its October meeting have increased following the latest CPI data. However, markets are not entirely convinced that there will be a significant move, so […]
Daily Technical Analysis EUR/USD: Approaching 1.0850, Potential Drop Amid Shifting Political Forecasts
The EUR/USD may face challenges due to shifts in market estimates regarding monetary policy and interest rate outlooks. Currently, the U.S. dollar has gained ground as the likelihood of a rate cut by the hawkish Federal Reserve in November diminishes. Meanwhile, the European Central Bank is expected to intensify its monetary policy easing to boost […]
Daily Technical Analysis EUR/USD: The Pair Extends Decline Ahead of ECB Rate Decision
The EUR/USD pair continued its bearish trend on Tuesday, dropping about one-fifth of a percent and sliding below the 200-day Exponential Moving Average (EMA). The price closed below the 1.0900 level for the first time since early August. The pair is now down nearly 3% from its late September highs, which were just above the […]