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 […]
Dollar Continues to Rise, Trump’s Political Appointees Take Center Stage
The U.S. dollar rose on Tuesday after retreating from one-year highs reached last week. Traders sought political direction as attention shifted toward President-elect Donald Trump’s cabinet selections. In early trading, the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed 0.2% to 106.427, recovering from a 0.4% decline in the […]
Dollar Slips From Recent Highs, Fed Speeches Planned
The U.S. dollar retreated slightly from its recent one-year highs at the start of a week with limited notable economic data but featuring remarks from several Federal Reserve officials. The dollar index, which tracks the dollar’s performance against six other major currencies, rose by 1.6% in the previous week, marking its sixth weekly gain out […]
Daily Technical Analysis : EUR/USD Hovers Near 1.0550, Close to Annual Lows Amid Fed Caution
The EUR/USD traded around 1.0550 during the Asian session on Monday, remaining near its yearly low of 1.0496, recorded on November 14. Downside risks for the EUR/USD have intensified following cautious comments from Federal Reserve officials and stronger-than-expected U.S. retail sales data, which have significantly bolstered the U.S. dollar. Last week, Federal Reserve Chairman Jerome […]
Dollar Slightly Down on U.S. Inflation Expectations
The U.S. dollar softened slightly on Wednesday, pulling back from six-month highs as markets awaited critical U.S. inflation data. This report is expected to offer further insight into the future trajectory of interest rates in the world’s largest economy. Earlier in the session, the Dollar Index, which measures the greenback against a basket of six […]
Daily Technical Analysis EUR/USD: Rises Above 1.06 but Remains Near Yearly Lows
The EUR/USD pair resumed its downward trajectory on Tuesday, shedding another third of a percentage point. It briefly tested levels slightly below 1.0600 during the day, signaling persistent bearish sentiment. This marks an ongoing seven-week decline from its multi-month peak just above 1.1200 in September. Market Dynamics The absence of significant economic data from the […]
Dollar Extends Gains Amid Trump Administration Optimism and Fed Speculation
The U.S. dollar surged to a four-month high on Tuesday as markets adjusted to the anticipated economic changes under the incoming Trump administration. Traders are also positioning for potential shifts in Federal Reserve policy, further fueling the dollar’s momentum. Trump Trade Fuels Dollar Rally Throughout the past week, the dollar experienced heightened demand as traders […]
Dollar Remains Strong Ahead of CPI and Fed; Euro Bearish
The U.S. dollar strengthened on Monday, maintaining the momentum generated by Donald Trump’s return to the presidency. Investors are eyeing key inflation data due for release this week, alongside remarks from several Federal Reserve officials. The dollar index, which measures the greenback’s performance against a basket of six other currencies, rose by approximately 0.3% in […]
Daily Technical Analysis: EUR/USD Stays Tepid Near 1.0700 Amid Rising Dollar and Political Uncertainty
The EUR/USD pair remains under significant pressure, primarily driven by the strengthening U.S. dollar and escalating political uncertainty in Germany. The prospect of Donald Trump’s return to the White House has raised expectations of higher U.S. tariffs and lower corporate taxes, policies that could elevate inflation risks and push the Federal Reserve toward a more […]
Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat
The U.S. dollar surged on Wednesday, where it is poised to score its biggest one-day gain since March 2020, as Donald Trump moved closer to victory for the White House, while a Republican sweep in Congress looked possible. The dollar index, which tracks the greenback against a basket of six other currencies, rose 1.4% to […]