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 […]
EUR/USD Expectations Focus on the European Central Bank’s
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 […]
EUR/USD Continued Downward Trajectory
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 […]
EUR/USD Plunges Below 1.0550
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 […]
EUR/USD Looks for Resistance Around
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 […]
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 […]