The EUR/USD shows signs of recovering from losses recorded in the previous session, trading near 1.0280. However, the pair’s upward momentum remains constrained as market caution prevails ahead of President-elect Donald Trump’s inauguration later in the day. U.S. markets will remain closed on Monday in observance of Martin Luther King Jr. Day. Concerns over Donald […]
Dollar Depreciates in Light of CPI, Pound Stabilizes
The U.S. dollar declined on Wednesday amid a cautious environment ahead of the release of U.S. consumer prices, while sterling lost ground after the release of positive inflation data. The dollar index, which tracks the greenback against a basket of six currencies, was trading 0.2% lower at 108.895, off more than two-year highs set earlier […]
Daily Technical Analysis EUR/USD: Looks Up From Lows Amid CPI Data
The EUR/USD managed an intraday rally on Tuesday, climbing more than 0.8% on the day, as optimism emerged among euro buyers regarding a potential deal in France that could avert a governmental collapse. Market sentiment improved further, fueled by Fib buying after the U.S. Producer Price Index (PPI) inflation showed a much slower rise than […]
Dollar Falls on PPI Expectations, Pound Under Pressure
The U.S. dollar declined on Tuesday, weighed by uncertainty over President-elect Donald Trump’s monetary policy stance. However, it remained near two-year highs ahead of the release of key inflation data for the week. In early trading, the dollar index, which tracks the greenback against a basket of six other currencies, was trading about 0.4% lower […]
Daily Technical Analysis EUR/USD: Falls Below 1.0250 Amid Fed’s Potential Pause in Rate Adjustments
The EUR/USD continues its downtrend for the fifth consecutive session, trading around 1.0240. The pair appears to face persistent pressure as the U.S. dollar strengthens, buoyed by better-than-expected employment growth in the U.S. for December. U.S. Labor Market Data Bolsters the Dollar Data released on Friday by the U.S. Bureau of Labor Statistics revealed that […]
Daily Technical Analysis EUR/USD: Pair Declines Again, Remains Distant From Key Technical Levels
The EUR/USD pair dropped on Tuesday, losing nearly four-tenths of a percentage point after a failed recovery attempt to breach the 1.0400 level. The pair continues to trade just above the 26-month lows reached last week, though the rebound remains modest. Euro bulls face increasing urgency for a reversal as the Fib retracement levels indicate […]
Dollar in Decline, Euro Eyes Inflation Data
The U.S. dollar declined on Tuesday, hitting a one-week low after reports suggested President-elect Donald Trump’s tariff policies could be more lenient than initially expected. Meanwhile, the euro gained ground ahead of crucial inflation data. The dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.3% lower at […]
Dollar Declines on Jobs Data; Euro Gains on Services PMI
The U.S. dollar retreated on Monday, shedding some of its recent gains but remaining near its highest level in two years as traders awaited the release of key employment data later this week. The dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.4% lower at 108.380, losing […]
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, […]
Dollar Rebounds After Heavy Loss, Euro Retreats on Lagarde’s Comments
The U.S. dollar rose on Monday, recovering from significant losses at the end of last week due to signs of cooling inflationary pressures. Meanwhile, the euro declined following cautious comments by ECB President Christine Lagarde. The dollar index, which tracks the U.S. currency against a basket of six other currencies, traded 0.4% higher at 107.750, […]