The US dollar gained strength following the release of mixed data from the US Purchasing Managers’ Index (PMI). Uncertainty surrounding the impact of President Donald Trump’s trade and immigration policies has further supported the Federal Reserve’s cautious approach to cutting interest rates in 2025. US PMI Data Highlights Mixed Signals Data from S&P Global on […]
Daily Technical Analysis EUR/USD: Rises at a Slow Pace as Trade News Takes Center Stage
The EUR/USD pair moved within a narrow range on Tuesday, oscillating near the 1.0400 level as the Fiber struggled to establish a clear direction. Both European and U.S. economic data remain sparse this week, with investor sentiment heavily influenced by the unpredictable rhetoric surrounding trade policy from newly inaugurated U.S. President Donald Trump. Throughout the […]
Outlook for the Week of January 20–24
Key Points To Watch Out For: This week promises significant market developments, starting with Donald Trump’s inauguration on Monday, January 20, and culminating in the Bank of Japan’s interest rate decision on Friday. Additional key events include inflation data releases from Canada and New Zealand, PMI updates from the Eurozone and UK, and the highly […]
Daily Technical Analysis: EUR/USD Approaches 1.0300, But Upside Remains Limited Ahead of Trump’s Inauguration
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 […]
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 […]
Outlook for the Week of January 13 – 17
Key Points to Watch Out For: U.S. CPI Likely to Stay Elevated The Federal Reserve made limited headway in curbing inflation throughout 2024, with most indicators ending the year slightly below their starting points. Policymakers aimed for a 2.0% inflation target but faced persistent price increases hovering around 3.0%. November’s CPI data showed encouraging signs […]
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 […]
Outlook for the Week of January 06 – 10
Key Points to Watch Out For: Will U.S. Data Provide More Momentum for the Dollar? The U.S. dollar started the year with a slight pullback, but it quickly resumed its dominant uptrend. The Federal Reserve’s hawkish stance—lowering its 2025 rate cut forecasts to only two quarter-point reductions—has widened yield differentials between the U.S. and other […]
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, […]