The EUR/USD pair continued its decline on Tuesday, struggling against the 1.0500 level, as momentum for an upward push toward 1.0600 seems to be fading. While several EU-focused data releases are scheduled for today, most investors remain fixated on the upcoming U.S. Non-Farm Payrolls (NFP) employment data, due later this week. Erosion of Investor Confidence […]
Outlook for the Week of December 2 – 6
Key Points to Watch Out For: NFP and ISM PMIs to Influence Fed Projections The U.S. dollar softened last week, retreating slightly after being temporarily boosted by President-elect Donald Trump’s tariff threats against China, Canada, and Mexico. Traders appeared to unwind Trump-related long positions ahead of Thanksgiving and in anticipation of this week’s major data […]
Daily Technical Analysis EUR/USD: EUR/USD Plunges Below 1.0550 Amid Lagarde’s Statement and U.S. PMI Data
EUR/USD is under selling pressure around 1.0530 during early trading hours, driven by a strengthening U.S. dollar. Investors are keenly anticipating European Central Bank (ECB) President Christine Lagarde’s speech and the release of the U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) later on Monday. Eurozone Inflation Data Eurozone inflation, measured by the Harmonized Index of […]
Outlook for the Week of November 25 – 29
Key Points to Watch Out For: RBNZ Readies for Its Third Rate Cut The Reserve Bank of New Zealand (RBNZ) will kick off the year-end monetary policy meetings of major central banks with its decision on Wednesday, November 27. Having shifted policy significantly earlier this year, even before the Federal Reserve began easing, the RBNZ […]
Daily Technical Analysis EUR/USD: EUR/USD Looks for Resistance Around 1.0500 After Bouncing Off Two-Year Lows
The EUR/USD is recovering after hitting a two-year low of 1.0332 on Friday and is currently trading near 1.0480 at the time of writing. This rebound may reflect a correction in the U.S. dollar, despite robust preliminary S&P Global U.S. Purchasing Managers’ Index (PMI) data released in the prior session. Meanwhile, the U.S. Dollar Index […]
Daily Technical Analysis EUR/USD: The Pair Is Expected to Break Above the 1.06 Level
During Tuesday’s trading, the EUR/USD pair fluctuated between 1.0550 and 1.0600, initially attempting to move lower but recovering slightly to close down about 0.14% on the day. The latest Harmonized Index of Consumer Prices (HICP) inflation figures from the European Union provided little direction for traders. Meanwhile, dollar markets are left to contend with a […]
Outlook for the Week of November 18 – 22
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 […]