Key points to watch out for: Expectations for a Likely Fed Rate Cut Remain High For yet another week, investors are eagerly awaiting the NFP results to get a sense of the size and pace of the Fed’s next rate cuts. The weaker-than-expected July figures generated market turbulence, instilling fears about the possibility of a […]
Daily Technical Analysis EUR/USD: Rises to Near 1.1050 on Fed’s Dovish Tone
The EUR/USD breaks its three-day losing streak and trades around 1.1050 during the Asian session on Monday. The rise in the EUR/USD could be a consequence of the U.S. dollar’s lukewarmness following the negative sentiment surrounding the Federal Reserve. However, the July Personal Consumption Expenditures index may have supported the dollar and prevented the pair […]
Daily Technical Analysis EUR/USD: A Deeper Upward Momentum Is Expected
The EUR/USD rose on Tuesday, benefiting from the continued easing in the markets relative to the U.S. dollar. The pair returned to recent highs after the week began with a small retracement of recent gains, although a new round of risk-on sentiment in the market pushed bids back to those levels. Despite this, EUR/USD continues […]
Outlook for the Week of August 26-30
Key points to watch out for: Will the ECP’s Moderate Inflation Expectations Fall Short? The European Central Bank’s moderate inflation expectations might not be met, raising concerns among investors. As the Federal Reserve prepares for its long-awaited moderate turn, markets are anticipating the first rate cut of this cycle at the September 17-18 meeting. However, […]
Daily Technical Analysis EUR/USD: Moves Up to Around 1.1200 on Powell’s Conservative Fed Stance
The EUR/USD is extending its gains for the second session in a row, trading around 1.1190 during the Asian session on Monday. This rise in EUR/USD follows the weaker US dollar after the Fed Chairman’s dovish-sounding speech at the Jackson Hole Symposium last Friday. Fed Chairman Jerome Powell said, “The time has come to tighten […]
Daily Technical Analysis EUR/USD: The Pair Rises Nearly 1% This Week Ahead of Jackson Hole
The most important event this week is the Federal Reserve’s Jackson Hole symposium, where Fed Chairman Jerome Powell is expected to speak publicly on Friday. At the same time, the market will focus on whether expectations of a 100 basis point rate cut by the central bank this year will be confirmed. Another factor that […]
Daily Technical Analysis EUR/USD: Ahead of 1.0900 as Weak NFP Data Weighs on the Dollar
The EUR/USD extended its rally near the 1.0915 level at the start of the Asian session on Monday. The price rise is favored by the weakening of the dollar after poor employment data in the United States. Market traders will pay special attention to the German HCOB Purchasing Managers’ Index (PMI) along with the Eurozone […]
Daily Technical Analysis EUR/USD: Rises Above 1.0850, With All Eyes on the Data
The EUR/USD is up slightly, trading around the 1.0860 level in early Asian trading hours on Monday. The pair rose as market traders widely anticipate the US Federal Reserve will cut interest rates in September, causing the dollar (USD) to move sharply lower. US inflation, generally measured by the change in the personal consumption expenditures […]