Key points to watch out for: Euro Investors Are Keeping an Eye on the French Elections Currency market traders will be on the edge of their seats on Sunday, in anticipation of Monday’s opening and the impact the second round of the French election will have on the market. The far-right National Rally (RN) party […]
Daily Technical Analysis EUR/USD: Below 1.0850 as a Result of the Elections in France
The EUR/USD is trading in a downtrend on Monday. Uncertainty in France following Sunday’s parliamentary runoff election has put some selling pressure on the Euro (EUR). Also, later in the session, the Eurozone Sentix Investor Confidence for July will be released. According to The Economist, exit polls indicated that the left-leaning New Popular Front (NFP), […]
Daily Technical Analysis EUR/USD: Potential Break Below Key Level
The EUR/USD remained above the 1.0700 barrier throughout Tuesday. There were no surprises from either Lagarde or Powell for the markets. The focus will be on US data and the FOMC Minutes on Wednesday. Additionally, the ISM Services PMI survey will be released on Wednesday, which could also influence the market. It should be remembered […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Macron’s move may turn out to be a shot in the dark Political risks again weighed on the euro during June, as a resurgence in popularity of far-right political parties caused jitters in financial markets. France has been at the center of this resurgence, where the party led by […]
Daily Technical Analysis EUR/USD: Pair Rises as Le Pen Leads in First Round
EUR/USD rises near 1.0750 as Le Pen’s National Rally leads the first round. The pair continues its winning streak as the latest inflation data increase the chances of Fed rate cuts this year. Core inflation in the US rose to 2.6% in May, down from 2.8% in April. Meanwhile, the euro received support as Marine […]
Daily technical analysis EUR/USD: On hold until the inflation reading is known
The EUR/USD has been moving higher, with most of the day’s trading around 1.0744 after two straight sessions of declines, as investors analyzed new economic data and monetary policy estimates ahead of the first round of the French legislative elections on June 30. Regarding the economic calendar, the most recent business survey from Germany’s Ifo […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Will the CPI data confirm the Fed’s rate cut estimates? Although the Fed’s updated dot plot pointed to a mere quarter-point reduction by the end of the year, the poorer-than-estimated CPI numbers a few hours before the decision a couple of weeks ago did not convince market participants about […]
Daily technical analysis EUR/USD: The downward trend could continue
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 […]
Daily technical analysis EUR/USD: Conservative stabilization
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 […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Reserve Bank of Australia in trouble The Reserve Bank of Australia (RBA) will be in the spotlight on Tuesday, June 18, when it is due to meet to make policy decisions for the month of June. Like its counterparts around the world, the RBA’s monetary policymakers expected their job […]