EUR/USD technical indicators are likely to move towards oversold saturation levels. At the start of April trading, the EUR/USD is moving below the psychological support level of 1.0800 with losses extending to 1.0767, its lowest level in a five-week span. This behavior is seen after first quarter losses reached 2.3% amid speculation of a possible […]
Daily Technical Analysis: EUR/USD: Dollar continues strong
The euro (EUR) fell sharply against the dollar (USD) last week on growing confidence that the European Central Bank (ECB) will cut interest rates by June, while the market expects the Federal Reserve (Fed) to cut rates only in July. This difference in timing of rate cut expectations could potentially strengthen the dollar until the […]
Outlook for this week’s most important events
Key points to watch out for: US Dollar Rebounds After Fed Meeting Last week was filled with events on the economic calendar, especially for those trading in the foreign exchange market. There were nearly five central bank meetings that caused volatility in market prices. In an unexpected move, the Federal Reserve (Fed) continued to assert […]
Daily Technical Analysis: EUR/USD: Euro moves within technical levels
The EUR/USD pair appears stable above the 1.0850 level in the early hours of this Wednesday’s European session, after posting slight losses in its price yesterday, Tuesday. Short-term technical estimates seem to indicate a lack of momentum for recovery; for now, markets are bracing for the Federal Reserve’s (Fed) monetary policy announcement today. It is […]
Outlook for this week’s most important events
Key points to watch out for: Federal Reserve meeting: brace for impact This week is undoubtedly one of the busiest on the economic calendar, perhaps the most important for investors. Many banks will make key decisions this week, but the most important will be on Wednesday, March 20, when the Federal Reserve (Fed) meets. There […]
Daily Technical Analysis: EUR/USD Facing a crucial week
EUR/USD faces perhaps one of the most important key weeks of the economic calendar, as meetings are scheduled for both the euro zone and the United States this week. On the euro (EUR) side, the European Central Bank (ECB) is expected to decide whether or not to lower interest rates. The PMI data to be released […]
Daily Technical Analysis: GBP/USD Uptrend Gains Momentum
The British pound (GBP) aims to reach multi-month highs against the US dollar (USD). This week, alongside recent CPI data showing unexpected inflation persistence in the U.S., pay attention to wage data and further inflation figures. Sterling is likely to reach its highest level in several months against the dollar this week, boosted by positive signals from […]
Outlook for this week’s most important events
Key points to watch out for: US CPI: A Potential Challenge The US Federal Reserve (Fed) is not due to meet until the 20th of this month to make a decision on the country’s monetary policy, and after last week’s jobs report, all eyes are now on the CPI figures due for release on Tuesday, […]
Daily Technical Analysis EUR/USD: The pair trades below major resistance
The EUR/USD is trading in a wide range below 1.0950 during European hours on Monday. This activity triggers an extension of a sideways move against the US dollar. Despite trading consistently defensively last week, the dollar has remained firm. Investors Investors are currently hesitant to place any bets on the major currency, awaiting the release of CPI […]
Daily Technical Analysis XAU/USD: The trend is rebounding and turning bullish as we wait for more stimulus to consolidate in the market
This week, the gold (XAU) and other metals markets could be influenced by the US dollar’s (USD) performance, testing investors’ risk tolerance and willingness to engage. A recent report on US wholesale inflation serves as a reminder that the battle against rising prices continues, suggesting the need for alternative strategies in this market environment. In the […]