EUR/USD saw a modest recovery on Tuesday, ending a two-day losing streak as traders locked in last-minute gains ahead of the Trump administration’s sweeping “reciprocal” tariffs, set to take effect on April 9. Meanwhile, growing market expectations of Federal Reserve rate cuts are clashing with policymakers’ caution, setting up a potential conflict between economic forecasts […]
Outlook for the Week of April 7–11
The week of April 7–11 brings key market events, with U.S. consumer spending data and the PCE inflation index in focus amid speculation over Federal Reserve rate cuts. In the UK, CPI figures and the spring budget statement could impact the pound, while the euro’s momentum hinges on PMI releases. Asia’s spotlight is on inflation […]
Daily Technical Analysis EUR/USD: Holds Above 1.0900 Amid Trade Tensions
Despite USD weakness, traders remain cautious about aggressively buying the euro due to rising trade tensions between the U.S. and the European Union (EU). The EU faces 25% tariffs on steel, aluminum, and cars, with reciprocal duties of 20% on most other goods. In response, the European Commission is set to announce a list of […]
Daily technical analysis EUR/USD: firms up as traders hold their breath in anticipation of tariffs
EUR/USD remained range-bound on Tuesday, hovering near the 1.0800 level as investors braced for U.S. President Donald Trump’s long-anticipated “reciprocal” tariffs package, set to be announced on Wednesday at 19:00 GMT (4:00 PM EST). The details of the tariff plan remain uncertain, with previous proposals shifting multiple times or facing delays—Trump has already postponed similar […]
Outlook for the Week of March 31 – April 4
Key economic events this week include U.S. inflation, jobs data, and trade risks, with Trump’s tariffs potentially impacting global markets. The UK’s CPI and budget statement may test sterling, while eurozone inflation could push the ECB toward a rate cut. In Asia, Japan’s Tankan survey and Australia’s RBA decision will shape market sentiment. For additional […]
Outlook for the Week of March 24 – 28
The week of March 24–28 brings key economic events. In the U.S., inflation and consumer spending data will be in focus, alongside GDP revisions and durable goods orders. The UK’s budget and CPI report will test sterling’s recent rally, while the euro’s momentum hinges on flash PMIs and Germany’s business sentiment. In Asia, inflation data […]
Daily Technical Analysis EUR/USD: Hits Multi-Year Highs Ahead of Fed Rate Decision
EUR/USD edged higher on Tuesday, rising 0.2% as the pair continues testing the 1.0950 region. The euro reached a fresh 23-month high, supported by improved risk sentiment ahead of the Federal Reserve’s interest rate decision on Wednesday. Final European Harmonized Index of Consumer Prices (HICP) figures are also due midweek, though no major revisions are […]
Outlook for the Week of March 17-21
The week of March 17-21 is poised to be eventful for global markets. In the US, the Federal Reserve’s decision and economic data, including retail sales and housing starts, will be key for market sentiment. In Europe, the ECB’s policy stance and UK inflation figures will be in focus. Meanwhile, in Asia, the Bank of […]
Daily Technical Analysis: EUR/USD Holds Below 1.0900 Ahead of US Retail Sales Data
The EUR/USD pair remains stable around 1.0880, with the US Dollar (USD) holding firm ahead of Monday’s Retail Sales data release. However, the Greenback came under pressure after the University of Michigan (UoM) Consumer Sentiment Index for March fell to 57.9, its lowest level since November 2022, down from 64.7 and below the consensus estimate […]
Daily Technical Analysis: EUR/USD Rises Despite Trade Conflicts, Markets Focus on US CPI Inflation Data
The EUR/USD surged higher on Tuesday, briefly touching the 1.0950 level as bullish momentum continued to build. The pair reached fresh 22-week highs, with euro buyers maintaining control in recovery territory. U.S. Data in Focus Amid Sparse EU Releases This week, foreign exchange traders remain focused on U.S. economic data, as the European calendar remains […]