EUR/USD moved away from the bearish trend and returned to touch recent high levels on Tuesday, making another unsuccessful attempt at 1.1200. The euro has little reason to rise, but the dollar’s weakness is helping to maintain the uptrend. There is little data of interest from both sides of the Atlantic on Wednesday. Euro markets […]
Outlook for the Week of September 23-27
Key points to watch out for: SNB to Continue Cutting Interest Rates Due to Franc Strength The Swiss National Bank (SNB) is the latest major central bank to announce its September policy decision. Like with the Federal Reserve, uncertainty remains about the size of the rate cut. Investors estimate a 60% chance of a 25 […]
Daily Technical Analysis EUR/USD: Near 1.1150 with Eurozone PMI Data in Focus
The EUR/USD is holding near 1.1150 in the early hours of Monday’s session. The U.S. dollar could lose value on the back of the increased possibility of further interest rate cuts by the Federal Reserve this year, which could underpin the EUR/USD. Last week, the Fed cut interest rates by 50 basis points, bringing them […]
Outlook for the Week of September 16-20
Key points to watch out for: Let the Fed’s Rate Cuts Begin Since the July U.S. jobs report sparked fears of a possible economic recession, investors have been trying to determine the magnitude of the Fed’s potential rate cut at its September meeting. Now, the long-awaited moment has finally arrived. On Wednesday, September 18, the […]
Daily Technical Analysis EUR/USD: Pair Moves Towards 1.100 Ahead of This Week’s Fed Meeting
The EUR/USD has started the week on a positive note and has returned to around 1.1090 in the early hours of the Asian session on Monday. Investors are focused on the long-awaited policy decision by the Federal Reserve this week. Markets continue to debate the size of the potential rate cut.. According to CME’s FedWatch […]
Daily Technical Analysis EUR/USD: Losing Ground on German Inflation and ECB Rate Cuts
The EUR/USD retreated on Tuesday after the latest inflation report in one of the eurozone’s most important economies, Germany, raised the possibility of an interest rate cut by the European Central Bank. The EUR/USD slipped to 1.1021, as the decline in German inflation fuels expectations of a 25 basis point rate cut by the ECB […]
Outlook for the Week of September 9–13
Key points to watch out for: European Central Bank to Cut Rates for a Second Time The European Central Bank’s carefully choreographed cycle of rate cuts got off to an awkward start in June following late-breaking data. Seeking credibility, policymakers had no choice but to proceed with the 25 basis point rate cut, even though […]
Daily Technical Analysis: EUR/USD Trades Below 1.100 on Possible ECB Rate Cuts
The EUR/USD is attempting to recover last session’s losses and is trading around 1.090 during Monday’s Asian session. However, the EUR/USD’s gains may be limited, as recent Eurozone inflation data has increased expectations for a rate cut by the European Central Bank (ECB) at its next meeting. With headline inflation close to 2% and longer-term […]
Daily Technical Analysis EUR/USD: Pair Seeks Support on Downward Pressure
The EUR/USD pair tilted lower during the day on Tuesday, with intraday bids at two-week lows before the day’s session closed near 1.1050. Price action remains limited as markets are bracing for a final US Non-Farm Payrolls release this week, although a missed Purchasing Managers’ Index figure appears to have revived fears of an impending […]
Outlook for the Week of September 2 – 6
Key points to watch out for: Expectations for a Likely Fed Rate Cut Remain High For yet another week, investors are eagerly awaiting the NFP results to get a sense of the size and pace of the Fed’s next rate cuts. The weaker-than-expected July figures generated market turbulence, instilling fears about the possibility of a […]