The EUR/USD retreated on Tuesday after the latest inflation report in one of the eurozone’s most important economies, Germany, raised the possibility of an interest rate cut by the European Central Bank. The EUR/USD slipped to 1.1021, as the decline in German inflation fuels expectations of a 25 basis point rate cut by the ECB […]
EUR/USD Trades Below 1.100 on Possible ECB Rate Cuts
The EUR/USD is attempting to recover last session’s losses and is trading around 1.090 during Monday’s Asian session. However, the EUR/USD’s gains may be limited, as recent Eurozone inflation data has increased expectations for a rate cut by the European Central Bank (ECB) at its next meeting. With headline inflation close to 2% and longer-term […]
EUR/USD Pair Seeks Support on Downward Pressure
The EUR/USD pair tilted lower during the day on Tuesday, with intraday bids at two-week lows before the day’s session closed near 1.1050. Price action remains limited as markets are bracing for a final US Non-Farm Payrolls release this week, although a missed Purchasing Managers’ Index figure appears to have revived fears of an impending […]
EUR/USD Rises to Near 1.1050 on Fed’s Dovish Tone
The EUR/USD breaks its three-day losing streak and trades around 1.1050 during the Asian session on Monday. The rise in the EUR/USD could be a consequence of the U.S. dollar’s lukewarmness following the negative sentiment surrounding the Federal Reserve. However, the July Personal Consumption Expenditures index may have supported the dollar and prevented the pair […]
EUR/USD A Deeper Upward Momentum Is Expected
The EUR/USD rose on Tuesday, benefiting from the continued easing in the markets relative to the U.S. dollar. The pair returned to recent highs after the week began with a small retracement of recent gains, although a new round of risk-on sentiment in the market pushed bids back to those levels. Despite this, EUR/USD continues […]
EUR/USD Moves Up to Around 1.1200 on Powell’s Conservative Fed Stance
The EUR/USD is extending its gains for the second session in a row, trading around 1.1190 during the Asian session on Monday. This rise in EUR/USD follows the weaker US dollar after the Fed Chairman’s dovish-sounding speech at the Jackson Hole Symposium last Friday. Fed Chairman Jerome Powell said, “The time has come to tighten […]
EUR/USD The Pair Rises Nearly 1% This Week Ahead of Jackson Hole
The most important event this week is the Federal Reserve’s Jackson Hole symposium, where Fed Chairman Jerome Powell is expected to speak publicly on Friday. At the same time, the market will focus on whether expectations of a 100 basis point rate cut by the central bank this year will be confirmed. Another factor that […]
EUR/USD The Pair is Moving Towards the 1.1050 Level
The EUR/USD extended its gains for the second session in a row, reaching the 1.1030 level during Asian trading on Monday. The pair’s rise could be due to the increased likelihood of an interest rate cut by the Federal Reserve in September. Last week, U.S. economic data revealed that retail sales beat estimates, while the […]
EUR/USD: The pair moves amid dollar weakness
EUR/USD rose on Tuesday, supported by a broad-based weakening in U.S. dollar bids as U.S. Producer Price Index (PPI) inflation appeared to be cooling faster than expected. Traders continue to await EU Gross Domestic Product (GDP) growth figures, due in early European trading hours on Wednesday. Meanwhile, investors will turn their attention to upcoming U.S. […]
EUR/USD Rallies Above 1.0900, Upside Limited by Middle East Tensions
This week, investors will be focused on new inflation data, such as the Producer Price Index (PPI) and the Consumer Price Index (CPI) in the United States on Tuesday and Wednesday. Retail sales and the University of Michigan consumer confidence index will also be released this week. Core PPI inflation and headline CPI inflation remain […]