The U.S. dollar weakened on Wednesday, adding to last session’s losses, while the euro rose despite signs of economic weakness in the eurozone. Dollar Continues to Fall The U.S. dollar has struggled after the Federal Reserve began its rate-cutting cycle with a sizable 50 basis point reduction earlier this month. Data released Tuesday indicated that […]
Daily Technical Analysis EUR/USD: Pair Regains Ground on Dollar Weakness
EUR/USD moved away from the bearish trend and returned to touch recent high levels on Tuesday, making another unsuccessful attempt at 1.1200. The euro has little reason to rise, but the dollar’s weakness is helping to maintain the uptrend. There is little data of interest from both sides of the Atlantic on Wednesday. Euro markets […]
The Dollar Stabilizes and the Euro Recovers Positions
The U.S. dollar was able to stabilize on Tuesday, while the euro made attempts to recover from last session’s sharp losses. Dollar Stable The U.S. dollar stabilized after last week’s sell-off in the wake of the Federal Reserve’s rate cut. The Fed began its rate-cutting cycle with a sizable 50 basis point reduction, and right […]
Dollar Rebounds, Euro Hit by Poor PMI Data
The U.S. dollar rose on Monday, moving away from the one-year low recorded the previous week, while poor data on economic activity in the euro zone weighed on the euro. Dollar on PCE watch The U.S. dollar has somewhat recovered from the massive sell-off that followed the Federal Reserve’s sharp rate cut last week, and […]
Daily Technical Analysis EUR/USD: Near 1.1150 with Eurozone PMI Data in Focus
The EUR/USD is holding near 1.1150 in the early hours of Monday’s session. The U.S. dollar could lose value on the back of the increased possibility of further interest rate cuts by the Federal Reserve this year, which could underpin the EUR/USD. Last week, the Fed cut interest rates by 50 basis points, bringing them […]
Dollar Continues to Fall Ahead of Fed Meeting
The U.S. dollar declined on Tuesday and was trading near its lowest levels of the year amid growing expectations that the Federal Reserve will cut interest rates this week, likely by a significant margin. Fed Meeting Begins The Federal Reserve begins its latest policy-setting meeting later in the session amid growing expectations that the Fed […]
Dollar Slips Before Fed Meeting, Euro and Pound Advance
The U.S. dollar fell on Monday, while both the euro and the pound rose on expectations that the Federal Reserve will begin a cycle of rate cuts later this week. Is a Big Fed Rate Cut Coming? The U.S. Federal Reserve completes its latest policy meeting on Wednesday and is expected to begin cutting interest […]
Daily Technical Analysis EUR/USD: Pair Moves Towards 1.100 Ahead of This Week’s Fed Meeting
The EUR/USD has started the week on a positive note and has returned to around 1.1090 in the early hours of the Asian session on Monday. Investors are focused on the long-awaited policy decision by the Federal Reserve this week. Markets continue to debate the size of the potential rate cut.. According to CME’s FedWatch […]
Daily Technical Analysis EUR/USD: Losing Ground on German Inflation and ECB Rate Cuts
The EUR/USD retreated on Tuesday after the latest inflation report in one of the eurozone’s most important economies, Germany, raised the possibility of an interest rate cut by the European Central Bank. The EUR/USD slipped to 1.1021, as the decline in German inflation fuels expectations of a 25 basis point rate cut by the ECB […]
Dollar Stabilizes in Anticipation of Fed Rate Cuts
The US dollar remained stable on Monday, as investors waited for the Federal Reserve’s next interest rate decision, expected by the end of September. Meanwhile, the Japanese yen, a safe-haven currency, fell slightly, losing some of its recent gains amid uncertainty over the size of the Fed’s expected rate cut. Last week’s U.S. employment report […]