EUR/USD faces perhaps one of the most important key weeks of the economic calendar, as meetings are scheduled for both the euro zone and the United States this week. On the euro (EUR) side, the European Central Bank (ECB) is expected to decide whether or not to lower interest rates. The PMI data to be released […]

The British pound (GBP) aims to reach multi-month highs against the US dollar (USD). This week, alongside recent CPI data showing unexpected inflation persistence in the U.S., pay attention to wage data and further inflation figures. Sterling is likely to reach its highest level in several months against the dollar this week, boosted by positive signals from […]

The EUR/USD is trading in a wide range below 1.0950 during European hours on Monday. This activity triggers an extension of a sideways move against the US dollar. Despite trading consistently defensively last week, the dollar has remained firm. Investors Investors are currently hesitant to place any bets on the major currency, awaiting the release of CPI […]

This week, the gold (XAU) and other metals markets could be influenced by the US dollar’s (USD) performance, testing investors’ risk tolerance and willingness to engage. A recent report on US wholesale inflation serves as a reminder that the battle against rising prices continues, suggesting the need for alternative strategies in this market environment. In the […]

The EUR/USD pair is expected to react to the release of the minutes from the most recent US Federal Reserve (Fed) meeting, as well as to the Purchasing Managers’ Index (PMI) readings for manufacturing and services from both Europe and the United States. Overall, according to the economic calendar data, major U.S. data releases were […]

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 […]

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 […]

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 […]

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 […]

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 […]