The EUR/USD surged higher on Tuesday, briefly touching the 1.0950 level as bullish momentum continued to build. The pair reached fresh 22-week highs, with euro buyers maintaining control in recovery territory. U.S. Data in Focus Amid Sparse EU Releases This week, foreign exchange traders remain focused on U.S. economic data, as the European calendar remains […]
Daily Technical Analysis: EUR/USD Holds Above 1.0850 Amid US Growth Uncertainty
EUR/USD kicked off the week on a positive note, trading near 1.0860. The pair’s upward momentum is fueled by growing concerns over a potential slowdown in the US economy. On Sunday, San Francisco Fed President Mary Daly noted that rising uncertainty among businesses could weaken demand but does not warrant an immediate change in interest […]
Daily Technical Analysis EUR/USD: Pair Rises Above 1.0400 Ahead of EU Inflation Data
The EUR/USD halted its three-day decline, trading near 1.0410. The pair’s recovery is supported by a softer US Dollar (USD) following the release of January’s Personal Consumption Expenditures (PCE) inflation data, which aligned with expectations and eased concerns about unexpected inflation spikes in the US. US Inflation Data Eases Market Worries The PCE inflation report […]
Daily Technical Analysis EUR/USD: Is an Upward Breakout Imminent?
The EUR/USD pair rose by 0.5% on Tuesday, surpassing the 1.0500 mark as it faced a key technical hurdle for the eighth consecutive session. Meanwhile, US consumer sentiment fell in February, raising concerns about a potential economic slowdown. Compounding market worries, former President Donald Trump reiterated his plans to impose steep import tariffs on American […]
Daily Technical Analysis: EUR/USD Strengthens Above 1.0450 Following Conservative Victory in German Elections
The EUR/USD pair is attracting buying interest near 1.0480 at the start of Monday’s session, advancing on optimism surrounding the German conservative victory. Traders are closely monitoring the final German election results. German Election Boosts Euro Initial exit polls indicated that the German opposition conservatives, the Christian Democratic Union (CDU) and its partner, the Christian […]
Dollar Stabilizes Amid Prospects of Ukraine Peace Talks and Trump’s Tariff Threats
The U.S. dollar was steady on Wednesday as traders weighed the potential impact of U.S.-Russia peace talks over Ukraine and a fresh tariff threat from President Donald Trump. By 07:20 ET (12:20 GMT), the U.S. dollar index, which tracks the greenback against a basket of other currencies, was up 0.1% at 107.21, reclaiming ground after falling 1.2% […]
Daily Technical Analysis EUR/USD: Below 1.0500 After a Winning Streak
EUR/USD paused its four-day winning streak, hovering around 1.0490 during Asian trading hours. Liquidity may remain thin in the North American session as all major U.S. financial markets will be closed on Monday for Presidents’ Day. The pair has recently gained momentum as the implementation of U.S. President Donald Trump’s reciprocal tariffs is taking longer […]
Daily Technical Analysis : EUR/USD Holds Near 1.0300 Amid Trump’s Tariff Threats
While US Treasury yields continue to climb, the US counterpart remains resilient, prompting both the USD and prices to push higher. EUR/USD has ceded ground for the third consecutive session, with the pair trading around 1.0310 on Monday. The pair is under pressure as investors anticipate a widening interest rate gap between the US and […]
Dollar on a Tightrope, The Euro Gains Despite Disappointing PMI
The US dollar fell on Wednesday, trading defensively following the Trump administration’s agreement with its neighbors, Canada and Mexico, to delay tariffs. Meanwhile, the euro gained despite weak regional services activity data. The dollar index, which analyzes the evolution of this currency in comparison to a basket of six other major currencies, was trading down […]
Daily Technical Analysis EUR/USD: It Recovers as Market Pressures Diminish
EUR/USD posted a modest 0.8% gain last Tuesday, attempting to recover after six consecutive days of losses. However, the pair has yet to establish itself above 1.0400. Bullish momentum remains limited, as it is still exposed to overall market sentiment and the upcoming U.S. Non-Farm Payrolls (NFP) report, which will be released at the end […]