Key Points to Watch Out For: Will U.S. Data Provide More Momentum for the Dollar? The U.S. dollar started the year with a slight pullback, but it quickly resumed its dominant uptrend. The Federal Reserve’s hawkish stance—lowering its 2025 rate cut forecasts to only two quarter-point reductions—has widened yield differentials between the U.S. and other […]
Daily Technical Analysis EUR/USD: Hovering Around 1.0300 Ahead of Preliminary German Inflation Data
The EUR/USD pair is retreating from last session’s gains and trading around the 1.0300 mark in Monday’s session. Traders are closely monitoring the Eurozone Composite Purchasing Managers’ Index (PMI) and the preliminary German Consumer Price Index (CPI) data, both scheduled for release today. The pair is experiencing downward pressure as market analysts predict further declines, […]
Outlook for the Week of December 23 – 27
Key Points to Watch Out For: Inflation Appears to Be Dollar-Friendly The U.S. dollar has emerged as a dominant force in 2024, a sharp reversal from the dynamics of 2023 when Europe and other global markets struggled with persistent inflation. The Federal Reserve’s efforts to combat inflation have yielded significant progress, setting it apart from […]
Daily Technical Analysis EUR/USD: Rises to Near 1.0450 on Increased Prospects That the Fed Will Leave Rates Steady in January
The EUR/USD pair is trading near 1.0430 on Monday, holding flat after Friday’s gains. The pair’s rise is attributed to a weakening U.S. dollar following the release of the U.S. Personal Consumption Expenditure (PCE) Price Index data. The November inflation report revealed that year-on-year core PCE inflation, the Federal Reserve’s preferred measure of inflation, rose […]
Daily Technical Analysis EUR/USD: Pair Plunges and Falls Behind 1.05
The euro’s upward momentum dissipated on Tuesday, pushing the EUR/USD pair below the 1.0500 level as traders prepared for the final Federal Reserve meeting of 2024. European data releases remain sparse this week, leaving Fiber traders navigating key U.S. economic data as their primary focus. Euro markets largely overlooked the multiple appearances by European Central […]
Outlook for the Week of December 09 – 13
Key Points to Watch Out For: Fed to Pause in January Following last week’s data, which showed U.S. inflation slightly higher than in October, market participants are nearly unanimous in expecting the Federal Reserve to cut interest rates by 25 basis points this week. However, the likelihood of a pause in January has climbed to […]
Daily Technical Analysis EUR/USD: The Pair Holds at 1.0500 Level Ahead of Fed Decision
The EUR/USD started the week with further gains, trading near 1.0520. This rise could suggest a weakening U.S. dollar, driven by soft U.S. Treasury yields ahead of the Federal Reserve’s interest rate decision scheduled for Wednesday. The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting […]
Daily Technical Analysis: EUR/USD Returns to 1.05 Level Amid U.S. CPI Inflation and ECB Interest Rate Meeting
The EUR/USD pair lost nearly 0.2% on Tuesday, marking its third consecutive day of declines and testing the critical 1.0500 level as the euro’s short-term bullish recovery wanes. The pair has shifted to a more cautious stance ahead of Wednesday’s release of the Consumer Price Index (CPI) and the European Central Bank’s (ECB) upcoming interest […]
Outlook for the Week of December 09 – 13
Key Points to Watch Out For: Reserve Bank of Australia to Hold Rates, but Will It Be Less Restrictive? The Reserve Bank of Australia (RBA) is set to announce its decision on Tuesday, December 10. Unlike its major counterparts, the RBA has not yet initiated a rate-cutting cycle, as policymakers remain cautious about inflation despite […]
Daily Technical Analysis EUR/USD : Expectations Focus on the European Central Bank’s Resolution and the US CPI
The EUR/USD starts the week with attention on the European Central Bank’s (ECB) latest policy decision scheduled for December 12, where markets anticipate a 25 basis point rate cut. Political Turmoil in France Weighs on the Euro The euro has also been affected by political turmoil in France. The minority government virtually collapsed after a […]