Key points to watch out for: Will US data push back the possibility of another Fed rate cut? The US dollar has rallied sharply in the last two weeks, which has motivated bulls to initiate long positions in their trades. Regarding U.S. CPI data, it showed that inflation in the U.S. reaccelerated in March. Several Federal Reserve (Fed) policymakers, including Chairman Jerome […]
Daily Technical Analysis EUR/USD: Downtrend persists
Throughout the previous week, the EUR/USD attempted to rebound, although its gains were limited and it could not break the 1.0700 barrier, as selling pressure remained stronger and the US dollar had several supporting factors. Although the EUR/USD was able to close the week stable near the 1.0655 level, during the same week the pair […]
Daily Technical Analysis EUR/USD: In search of recovery
EUR/USD is holding unchanged above 1.0600, after posting losses on Tuesday. Short-term estimates indicate that the EUR/USD could extend its recovery if it breaks the 1.0660 level. On Tuesday, the EUR/USD moved higher in the early hours of the US session after poor US housing data weighed on the dollar (USD). Later, however, announcements by […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: UK CPI data Following the release of a new report about CPI on US soil, inflation data will continue to carry the spotlight this week, including in the UK. The first item on the agenda this week in the UK is the February employment report, due on Tuesday, April 16. […]
Daily Technical Analysis EUR/USD: The pair remains unchanged
The EUR/USD has bounced from five-month lows despite market expectations regarding the Federal Reserve (Fed). Meanwhile, members of the European Central Bank (ECB) indicated that there is a high possibility of more than three rate cuts this year. There is also a strong possibility that investors will seek refuge in the US dollar (USD) due to […]
Daily Technical Analysis EUR/USD: The pair waits for data to know which zone to move to
The EUR/USD fluctuated this Wednesday morning in anticipation of consumer inflation data and the upcoming US Federal Reserve (Fed) minutes. During that time, the EUR/USD was trading at 1.0850, up from this month’s low of 1.0725. Today’s calendar has no important data scheduled from the euro zone. In Europe, the focus is on the possibility that […]
Outlook for this week’s most important events
Key points to watch out for: European Central Bank meeting The economy in Europe has hit a rough patch over the past year. Growth has been virtually stagnant, held back by Germany, which entered contraction as the slowdown in world trade suppressed export demand and consequently crippled the manufacturing industry. On the positive side, economic […]
Daily Technical Analysis EUR/USD: The downtrend continues
The EUR/USD’s downtrend worsened, and the pair fell to its lowest level since February 15th of this year. According to the economic calendar, the most recent employment report showed that the U.S. economy added nearly 303,000 jobs last month, the largest increase in 10 months and far exceeding market estimates of a 200,000 increase. In addition, […]
Daily Technical Analysis EUR/USD The downtrend is strengthening
EUR/USD hit the lowest level in a month and a half and reached 1.0730. The EUR/USD is likely to remain in this trend in expectation of a possible reaction that may be generated by the announcement of the US employment figures this week. Breaking the 1.0800 support level could enable bears to push EUR/USD towards […]
Outlook for this week’s most important events
Key points to watch out for: The Federal Reserve reinforces its view The March monetary policy meetings reinforced the likelihood of central banks beginning to cut interest rates by June.However, there are still some doubts about whether inflation is on a downward path especially in the United States. Despite the FOMC’s estimate of three rate […]