Key points to watch out for: European Central Bank Meets Amid Stagnating Inflation The European Central Bank ends its two-day policy meeting on Thursday, 19 July, but interest rates are expected to remain unchanged after being cut by 25 basis points at last month’s meeting. The June decision proved controversial, as policymakers inadvertently locked in […]
Daily Technical Analysis EUR/USD: Short-Term Earning Potential
Another very ambitious week saw the EUR/USD pair trade with generous gains and extend its positive streak for the third week in a row, approaching the 1.0900 level. Last week was dominated by Fed Chairman Jerome Powell’s speech to Congress and the Senate, and US data gained importance for market traders. With the semi-annual testimony, […]
Daily technical analysis EUR/USD: The pair remains stable
The euro started the week on a softer note, although the outcome of the elections in France did not prove to be a hard blow, and the single currency may continue its recovery in the short term. The EUR/USD exchange rate softened on Monday after the results of the French elections and an unexpected result […]
Outlook for the Week of July 08-12
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 […]