The week of April 22–26 will be marked by ongoing trade tensions between the U.S. and China, a spotlight on PMIs in the U.S., Europe, and the U.K., and key earnings reports from Tesla and Alphabet—all set against a backdrop of volatility, safe-haven flows, and expectations of rate cuts. For additional insights into market movements, […]
Daily Technical Analysis EUR/USD: Euro Climbs to 1.1485, Highest Since 2022 Amid Weak Dollar
On Monday, the EUR/USD pair broke out of a consolidation zone that had held for several days, reaching its highest level since February 2022, around 1.1485. The advance was driven by persistent bearish sentiment surrounding the U.S. dollar (USD), which favors the continuation of the strong uptrend that has characterized the pair in recent weeks. […]
Daily Technical Analysis: EUR/USD Gains Ground Above 1.1250 Ahead of U.S. Retail Sales Data
The EUR/USD pair is trading in positive territory around 1.1285 on Wednesday, with the U.S. Dollar (USD) hovering near a three-year low against the Euro (EUR) as global trade tensions persist. Market participants are closely watching for the release of U.S. retail sales data and a speech by Federal Reserve (Fed) Chair Jerome Powell, both […]
Outlook for the Week of April 14 – 18
The week of April 14–18 will be pivotal for markets, with the ECB expected to cut rates amid trade turmoil, while the Bank of Canada’s decision remains uncertain. Key data from the UK, China, Australia, and New Zealand will shape rate expectations, and U.S. retail sales may influence sentiment. For additional insights into market movements, […]
Daily Technical Analysis EUR/USD: The Pair Trades Around 1.1350 After Two Days of Gains
The EUR/USD pair edged lower during Monday’s trading, hovering near 1.1360 after two days of gains. The recent uptick was largely fueled by broad-based U.S. Dollar (USD) weakness, as mounting trade tensions between the U.S. and China reignited fears of a global economic slowdown. On Friday, China’s Ministry of Finance announced a steep increase in […]
Daily Technical Analysis EUR/USD: The Pair Escapes Downward Pressure, but Tariffs and Fed Caution Persist
EUR/USD saw a modest recovery on Tuesday, ending a two-day losing streak as traders locked in last-minute gains ahead of the Trump administration’s sweeping “reciprocal” tariffs, set to take effect on April 9. Meanwhile, growing market expectations of Federal Reserve rate cuts are clashing with policymakers’ caution, setting up a potential conflict between economic forecasts […]
Outlook for the Week of April 7–11
The week of April 7–11 brings key market events, with U.S. consumer spending data and the PCE inflation index in focus amid speculation over Federal Reserve rate cuts. In the UK, CPI figures and the spring budget statement could impact the pound, while the euro’s momentum hinges on PMI releases. Asia’s spotlight is on inflation […]
Daily Technical Analysis EUR/USD: Holds Above 1.0900 Amid Trade Tensions
Despite USD weakness, traders remain cautious about aggressively buying the euro due to rising trade tensions between the U.S. and the European Union (EU). The EU faces 25% tariffs on steel, aluminum, and cars, with reciprocal duties of 20% on most other goods. In response, the European Commission is set to announce a list of […]
Daily technical analysis EUR/USD: firms up as traders hold their breath in anticipation of tariffs
EUR/USD remained range-bound on Tuesday, hovering near the 1.0800 level as investors braced for U.S. President Donald Trump’s long-anticipated “reciprocal” tariffs package, set to be announced on Wednesday at 19:00 GMT (4:00 PM EST). The details of the tariff plan remain uncertain, with previous proposals shifting multiple times or facing delays—Trump has already postponed similar […]
Outlook for the Week of March 31 – April 4
Key economic events this week include U.S. inflation, jobs data, and trade risks, with Trump’s tariffs potentially impacting global markets. The UK’s CPI and budget statement may test sterling, while eurozone inflation could push the ECB toward a rate cut. In Asia, Japan’s Tankan survey and Australia’s RBA decision will shape market sentiment. For additional […]