EUR/USD eased on Monday, trading near 1.1700 after advancing around 1% in the previous session. However, losses may remain capped as the US Dollar (USD) continues to face pressure from rising expectations of a Federal Reserve (Fed) rate cut in September, following Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium. Powell acknowledged growing […]
Daily Technical Analysis EUR/USD: Stabilizes Under 1.1650 as Markets Anticipate Powell’s Speech in Jackson Hole
EUR/USD is consolidating above the 1.1600 level, trading near 1.1640 and down 0.12% as markets await Federal Reserve Chair Jerome Powell’s speech at Jackson Hole and monitor developments in the Ukraine-Russia conflict. In the U.S., housing data released Tuesday had little impact, with investors focused instead on last week’s inflation reports. CPI figures initially fueled […]
Daily Technical Analysis: EUR/USD Rises to 1.1700 on Weak US CPI and Growing Fed Rate Cut Speculation
The EUR/USD advanced during Tuesday’s session, supported by mixed US inflation data and comments from President Donald Trump targeting Federal Reserve Chair Jerome Powell. At the time of writing, the pair trades 0.50% higher at 1.1673. Market sentiment remained constructive, with US equities gaining after the latest Consumer Price Index (CPI) release. Headline inflation was […]
Daily Technical Analysis EUR/USD: maintaining profits in the region of 1.1650 despite the cautious tone regarding the ECB’s outlook
EUR/USD edged higher on Monday, recovering from last session’s losses to trade around 1.1650. The move was supported by renewed strength in the Euro, fueled by expectations that the European Central Bank (ECB) could pause its easing cycle in September. Market sentiment toward the Euro also improved amid hopes that the Ukraine-Russia conflict could be […]
Daily Technical Analysis EUR/USD: remains stable at close to 1.1570 as markets assimilate the Fed’s forecasts
The EUR/USD remained stable around 1.1573 on Wednesday as traders assessed the latest US employment figures and awaited additional economic releases. Mixed HCOB Flash PMI readings from the Eurozone failed to lift the Euro against the Dollar. During the session, reports surfaced that President Donald Trump considered nominating Treasury Secretary Scott Bessent to fill the […]
Daily Technical Analysis EUR/USD: drops to around 1.1550 despite the moderate stance on the Fed’s policy prospects
The EUR/USD pair retreats on Monday, trading around 1.1560 after gaining nearly 1.5% in the previous session. The decline comes as the U.S. Dollar (USD) rebounds from prior losses, partially regaining investor confidence. However, the greenback may face renewed pressure following Friday’s weaker-than-expected U.S. jobs report, which triggered a notable shift in market expectations regarding […]
Daily Technical Analysis EUR/USD: Surge Slows at Multi-Year Highs — Tax Reform and Yields Bring Gains to a Stop
The EUR/USD pair remained flat during Wednesday’s session, hovering around 1.1780 after briefly touching a multi-year high of 1.1830. The euro’s advance lost steam following the U.S. Senate’s approval of President Trump’s $3.3 trillion “One Big Beautiful Bill,” which includes the entirety of his legislative agenda. The bill, passed by a 51–50 margin with Vice […]
Daily Technical Analysis EUR/USD: Continues to Rally Above 1.1600 Amid Breakdown of Truce and Decline in U.S. Dollar
The EUR/USD pair extended its winning streak for a fourth consecutive session, rising 0.39% to trade at 1.1619—just below the yearly high of 1.1641. The advance was driven by broad U.S. dollar weakness, spurred by easing geopolitical tensions after Israel and Iran agreed to a ceasefire. This improvement in global risk sentiment weighed on the […]
Daily Technical Analysis EUR/USD: Loses Momentum Below 1.1500 Following U.S. Attacks on Iran
The EUR/USD pair retreats to around 1.1480 in early Asian trading on Monday, as the U.S. dollar gains traction amid escalating geopolitical tensions. President Donald Trump’s announcement that the U.S. has joined Israel in military action against Iran has intensified the conflict, pushing investors toward safe-haven assets like the greenback. Over the weekend, U.S. forces […]
Daily Technical Analysis EUR/USD: Drops Below 1.15 Amid Trump’s Iran Threats and Dollar Rally
The EUR/USD currency pair declined sharply by more than 0.60%, currently trading at 1.1484 after retreating from daily highs of 1.1579. The US Dollar’s strength stems from its appeal as a safe-haven asset during periods of geopolitical uncertainty, particularly as tensions in the Middle East between Israel and Iran continue to escalate. Market Drivers The […]