The EUR/USD may face challenges due to shifts in market estimates regarding monetary policy and interest rate outlooks. Currently, the U.S. dollar has gained ground as the likelihood of a rate cut by the hawkish Federal Reserve in November diminishes. Meanwhile, the European Central Bank is expected to intensify its monetary policy easing to boost […]
EUR/USD The Pair Extends Decline Ahead of ECB Rate Decision
The EUR/USD pair continued its bearish trend on Tuesday, dropping about one-fifth of a percent and sliding below the 200-day Exponential Moving Average (EMA). The price closed below the 1.0900 level for the first time since early August. The pair is now down nearly 3% from its late September highs, which were just above the […]
Outlook for the Week of October 14-18
Key points to watch out for: Is the ECB Rate Cut a Reality? After the RBNZ cut interest rates by 50 basis points last Wednesday, attention shifted to the ECB. Although Chair Lagarde and her colleagues initially did not support a rate cut for October, their stance began to shift following disappointing PMI data and […]
EUR/USD Indecision Dominates Trading
The EUR/USD pair held steady on Tuesday, unable to regain the 1.1000 level but pausing the recent Fibonacci retracement from the 1.1200 area. The euro, which had seen losses after hitting a one-year high in late September, is again falling toward the 1.0950 zone, as the dollar strengthened across the board. European data has been […]
EUR/USD Near Its Lowest Level Since Mid-August and Fragile at 1.0975
EUR/USD starts the week with subdued sentiment after last week’s sharp losses, bringing the pair to its lowest level since mid-August following positive U.S. jobs data on Friday. Spot prices are hovering near 1.0975 and appear vulnerable to continuing the sharp pullback from the 14-month highs around 1.1200. The U.S. dollar is strengthening at a […]
EUR/USD bounces back to 1.1050 after Tuesday’s decline
EUR/USD fell nearly six-tenths on Tuesday, finding a slight bounce from the 1.1050 level, as geopolitical tensions and sour economic data unnerved flows regarding risk appetite, serving to bolster the dollar and dragging Fibs to their lowest prices on record in nearly a month. Inflation in Europe as measured by the Harmonized Index of Consumer […]
EUR/USD Pair Rises Above 1.1150 Amid Fed Rate Cut Bets
The EUR/USD started the week with an upward trend, trading around 1.1170. This rise was driven by the weakening U.S. dollar, due to growing expectations that the Federal Reserve will continue its easing policy in November, with the possibility of another aggressive interest rate cut. On Friday, the U.S. core personal consumption expenditure (PCE) price […]
EUR/USD Pair Regains Ground on Dollar Weakness
EUR/USD moved away from the bearish trend and returned to touch recent high levels on Tuesday, making another unsuccessful attempt at 1.1200. The euro has little reason to rise, but the dollar’s weakness is helping to maintain the uptrend. There is little data of interest from both sides of the Atlantic on Wednesday. Euro markets […]
EUR/USD Near 1.1150 with Eurozone PMI Data in Focus
The EUR/USD is holding near 1.1150 in the early hours of Monday’s session. The U.S. dollar could lose value on the back of the increased possibility of further interest rate cuts by the Federal Reserve this year, which could underpin the EUR/USD. Last week, the Fed cut interest rates by 50 basis points, bringing them […]
EUR/USD Pair Moves Towards 1.100 Ahead of This Week’s Fed Meeting
The EUR/USD has started the week on a positive note and has returned to around 1.1090 in the early hours of the Asian session on Monday. Investors are focused on the long-awaited policy decision by the Federal Reserve this week. Markets continue to debate the size of the potential rate cut.. According to CME’s FedWatch […]