The EUR/USD halted its three-day decline, trading near 1.0410. The pair’s recovery is supported by a softer US Dollar (USD) following the release of January’s Personal Consumption Expenditures (PCE) inflation data, which aligned with expectations and eased concerns about unexpected inflation spikes in the US. US Inflation Data Eases Market Worries The PCE inflation report […]
Daily Technical Analysis EUR/USD: Is an Upward Breakout Imminent?
The EUR/USD pair rose by 0.5% on Tuesday, surpassing the 1.0500 mark as it faced a key technical hurdle for the eighth consecutive session. Meanwhile, US consumer sentiment fell in February, raising concerns about a potential economic slowdown. Compounding market worries, former President Donald Trump reiterated his plans to impose steep import tariffs on American […]
Markets on Edge as Trump Reaffirms Tariff Threats on Mexico and Canada
Markets remain tense as former U.S. President Donald Trump reiterated that tariffs on Mexico and Canada are still under consideration, with a decision expected by next Monday. Despite the looming deadline, investors have yet to fully price in the risks, although currency markets may react more sharply as the week progresses. “The dollar found firmer […]
Daily Technical Analysis: EUR/USD Strengthens Above 1.0450 Following Conservative Victory in German Elections
The EUR/USD pair is attracting buying interest near 1.0480 at the start of Monday’s session, advancing on optimism surrounding the German conservative victory. Traders are closely monitoring the final German election results. German Election Boosts Euro Initial exit polls indicated that the German opposition conservatives, the Christian Democratic Union (CDU) and its partner, the Christian […]
Dollar Stabilizes Amid Prospects of Ukraine Peace Talks and Trump’s Tariff Threats
The U.S. dollar was steady on Wednesday as traders weighed the potential impact of U.S.-Russia peace talks over Ukraine and a fresh tariff threat from President Donald Trump. By 07:20 ET (12:20 GMT), the U.S. dollar index, which tracks the greenback against a basket of other currencies, was up 0.1% at 107.21, reclaiming ground after falling 1.2% […]
Daily Technical Analysis EUR/USD: Below 1.0500 After a Winning Streak
EUR/USD paused its four-day winning streak, hovering around 1.0490 during Asian trading hours. Liquidity may remain thin in the North American session as all major U.S. financial markets will be closed on Monday for Presidents’ Day. The pair has recently gained momentum as the implementation of U.S. President Donald Trump’s reciprocal tariffs is taking longer […]
Dollar Consolidates Ahead of Key Inflation Report
The US dollar stabilized on Wednesday ahead of key inflation data that could shape the Federal Reserve’s future policy, following hawkish comments from Federal Reserve Chairman Jerome Powell. The dollar index, which measures the greenback’s strength against a basket of six other currencies, was trading slightly higher at 107.875 after posting some losses overnight as […]
Dollar Holds Firm After Trump Tariffs; Sterling Falls
The US dollar stabilized on Tuesday after US President Donald Trump imposed tariffs on metal imports, triggering demand for the safe-haven currency amid concerns over a brewing trade war. The dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually flat at 108.200. Dollar Remains in Demand Donald Trump […]
Dollar Strengthens Amid Talks of Additional Tariffs, Euro Loses Ground
The US dollar rose on Monday after the US president threatened to impose new tariffs on metal imports, boosting demand for safe-haven assets, while the euro lost ground. The dollar index, which tracks the US currency against a basket of six other currencies, was trading 0.2% higher at 108.140. Dollar Gains Ground on Trade War […]
Daily Technical Analysis : EUR/USD Holds Near 1.0300 Amid Trump’s Tariff Threats
While US Treasury yields continue to climb, the US counterpart remains resilient, prompting both the USD and prices to push higher. EUR/USD has ceded ground for the third consecutive session, with the pair trading around 1.0310 on Monday. The pair is under pressure as investors anticipate a widening interest rate gap between the US and […]