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 […]

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 […]

The EUR/USD remains under pressure as concerns about the Eurozone economy and the future of monetary policy continue. The pair has declined for three weeks in a row. According to the economic calendar results, S&P Global mentioned that its Eurozone PMI survey showed signs that the economic recovery was hit by a setback at the […]

At the beginning of the week, the EUR/USD was able to stabilize near $1.07, remaining at its lowest levels for the past seven weeks. This follows a 0.8% decline in the previous week, which represents the biggest loss since April. In a general overview, market participants are keeping an eye on the political turmoil in […]

The EUR/USD failed to hold on to yesterday’s early gains and continued its losses to the 1.073 support level, its lowest level in more than a month, as political uncertainty in France weighed on market investor sentiment. French President Emmanuel Macron called for early parliamentary elections in response to the far-right’s success in the European […]

According to the results of the economic calendar, market analysts are divided over the number of rate cuts Federal Reserve officials will indicate for 2024. This division follows recent inflation figures that showed inflation remains elevated. In the big picture, policymakers may step back from their estimates of U.S. rate cuts this year, although it […]

The euro rose against all G10 currencies after euro zone inflation beat estimates. The US dollar surrendered after a personal consumption expenditures reading that fell below estimates, which will be welcomed by Federal Reserve policymakers eager to cut interest rates before the end of the year. The European Central Bank (ECB) is expected to cut […]

According to the economic calendar results, headline and core inflation rates increased to 2.6% and 2.9% in May, higher than expected. This set of data suggests that the economic backdrop could benefit from a looser monetary policy from the Federal Reserve. Underlying prices for personal consumption expenditures, the Fed’s preferred measure of inflation, increased by […]

In an attempt to drive the EUR/USD price higher, the pair rallied yesterday, reaching the resistance level of 1.0889 before stabilizing around 1.0850. Recently, traders of the European currency (EUR) have been awaiting the German inflation figures. At the same time, the US dollar (USD) continues to rise ahead of the Federal Reserve’s policy tightening. […]

The EUR/USD was unable to break or at least challenge the 1.09 level during the previous week, instead dropping to the 1.0850 level within tight ranges. Also, this week will be crucial as Friday brings important US inflation data. Recently, the minutes of the Federal Reserve’s May meeting indicated that inflation had not retreated further in recent […]