Key Points To Watch Out For: Trump Election Raises Bets on Fed Pause The U.S. dollar continued to show signs of strengthening for another week, with the so-called “Trump trades” remaining resilient. This is largely due to the president-elect’s Republican Party holding control of both houses of Congress, providing significant leverage for Donald Trump to […]
Daily Technical Analysis : EUR/USD Hovers Near 1.0550, Close to Annual Lows Amid Fed Caution
The EUR/USD traded around 1.0550 during the Asian session on Monday, remaining near its yearly low of 1.0496, recorded on November 14. Downside risks for the EUR/USD have intensified following cautious comments from Federal Reserve officials and stronger-than-expected U.S. retail sales data, which have significantly bolstered the U.S. dollar. Last week, Federal Reserve Chairman Jerome […]
Daily Technical Analysis EUR/USD: Rises Above 1.06 but Remains Near Yearly Lows
The EUR/USD pair resumed its downward trajectory on Tuesday, shedding another third of a percentage point. It briefly tested levels slightly below 1.0600 during the day, signaling persistent bearish sentiment. This marks an ongoing seven-week decline from its multi-month peak just above 1.1200 in September. Market Dynamics The absence of significant economic data from the […]
Outlook for the Week of November 11–15
Key Points To Watch Out For: U.S. CPI in Focus Amid Rate Cut Bets Post-Trump Win Donald Trump’s return to the White House has been met with market euphoria. Wall Street and Bitcoin hit historic highs, while the U.S. dollar surged to a four-month high, propelled by rising Treasury yields. Treasury yields, which had already […]
Daily Technical Analysis: EUR/USD Stays Tepid Near 1.0700 Amid Rising Dollar and Political Uncertainty
The EUR/USD pair remains under significant pressure, primarily driven by the strengthening U.S. dollar and escalating political uncertainty in Germany. The prospect of Donald Trump’s return to the White House has raised expectations of higher U.S. tariffs and lower corporate taxes, policies that could elevate inflation risks and push the Federal Reserve toward a more […]
Daily Technical Analysis EUR/USD: Rallies on Greenback Weakness on U.S. Election Day
The EUR/USD pair capitalized on a broad-based decline in the U.S. dollar as markets prepared for the initial results of the U.S. presidential election that began on Tuesday. The euro gained two-thirds of a percentage point, breaking above the 1.0900 level as investors anticipated favorable market conditions during the election cycle that will determine the […]
Outlook for the Week of November 4–8
Key Points to Watch: U.S. Election Impact on the Markets The U.S. dollar has strengthened recently, supported by optimistic data suggesting the Federal Reserve may not need to make another 50-basis-point rate cut for the remainder of 2024. Additionally, market bets are growing on a potential victory for Donald Trump and his return to the […]
Daily Technical Analysis EUR/USD: The Pair Rises Ahead of U.S. Elections
The EUR/USD recovered some losses from the previous session, trading near 1.0880 in early Asian trading on Monday. This rise may be due to a softer U.S. dollar following weaker-than-expected October Non-Farm Payrolls data. However, uncertainty surrounding the U.S. presidential election could drive safe-haven demand, limiting the pair’s upside potential. On Friday, U.S. Bureau of […]
Daily technical analysis EUR/USD: Slight Rise Above 1.0800 Ahead of U.S. & Eurozone GDP, German Inflation Data
The EUR/USD pair’s gains remain limited, with uncertainty prevailing ahead of the U.S. presidential election and critical economic data from the U.S. A potential Trump victory is seen as a possible dollar-strengthening factor, with the market currently pricing in a 60% probability for a Republican win, which could ease downward pressure on the EUR/USD in […]