The euro (EUR) weakened against the US dollar (USD) on news that inflation in the United States rose by 3.1% year-on-year last month, beating market expectations. The EUR/USD exchange rate looks set to hit the support level at 1.0400, according to analysis, following the jump in the U.S. dollar after the release of last month’s […]
The five most important events of the week
This week, inflation figures in the United States will take all the market’s attention, and at the same time, markets will be looking for signals on the timing of interest rate cuts by the U.S. Federal Reserve (Fed). Similarly, this week will see key data releases from Japan and the U.K., not to mention oil […]
Daily Technical Analysis on EUR/USD: Oversold levels may be present
Generally, the euro (EUR) is considered one of the weaker currencies when the U.S. dollar (USD) is trending towards strength. However, the view of U.S. economic strength may open the door for a prolonged period of dollar-side profitability. After robust U.S. employment data in January, analysts now believe that the anticipated easing in demand might […]
Daily Technical Analysis on GBP/USD: Downtrend gains strength as pound enters difficult month
The most recent behavior of the British Pound (GBP) can serve as a warning that February is generally a difficult month for the British Pound. This means that one should look for the possibility of losses on long positions this month. Last week, various economic data releases from both the UK and the US impacted […]
Daily Technical Analysis on XAU/USD: The trend continues to be supported
Recently, currency markets have been under pressure due to a much better performance by bonds, following a report that commented that U.S. companies have created more job opportunities and exceeded economists’ expectations. While this strength is a boon for workers and keeps the risk of a recession at bay, the concern could sustain some direct […]
Daily Technical Analysis on EUR/USD: Downtrend Gains Strength
Today, the EUR/USD will be affected by the Purchasing Managers’ Index reading for the services sector for both the Eurozone and the U.S. On the other hand, the U.S. Federal Reserve (Fed) held interest rates at 5.5% after its most recent monetary policy meeting, in line with market expectations. According to the statement released by […]
The five most important events of the week
Investors this week await the release of first-quarter results from the largest companies in the U.S. market and analyze interest rate signals following robust economic data in recent days. Federal Reserve (Fed) Chairman Jerome Powell says the Fed will be cautious about possible interest rate cuts. Boeing (B.A.) has warned of a new problem with […]
Daily Technical Analysis on GBP/USD: Trend remains unchanged
The GBP/USD is trading in anticipation of a policy update from the British Central Bank this week. The Bank of England (BoE) may not raise interest rates, as the bank has hiked wages. However, there is a lot of caution as inflation unexpectedly rose last month. This update will be next Thursday. Recently, the U.S. […]
Daily Technical Analysis on EUR/USD: EUR/USD looks to reach much stronger support levels
Those looking for a stronger dollar in the market may feel disappointment if the EUR/USD finds significant support in the 1.0825-1.0850 range. Consequently, a potential rebound may not occur if the Federal Reserve (Fed) fails to demonstrate a strong stance against the dollar, contrary to market expectations of a rate cut in March. Determining whether […]
Technical Analysis on XAU/USD: The Prices continue to rise
At the beginning of this week, advances and pullbacks have been evident in the XAU/USD price. For now, the only clear thing is that if you are thinking of buying in the short term, it is very likely that resistance is located at the level of USD 2,000, and if there is a break through […]