The U.S. dollar edged higher on Wednesday but remained on track for its steepest monthly decline since November 2022, weighed down by growing uncertainty over the Trump administration’s shifting trade policies. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—rose 0.1% to 99.080. Despite […]
Daily Technical Analysis EUR/USD: Pair Gains Ground as Weak U.S. Data Weighs on Dollar
The EUR/USD pair extended its upward momentum on Wednesday, climbing toward the 1.1390 mark during the European session. The move comes amid sustained weakness in the U.S. dollar, pressured by softer-than-expected U.S. economic indicators. Traders are now turning their attention to high-impact economic data releases from both the U.S. and the Eurozone, including Germany’s retail […]
Dollar Rises Slightly Before the Release of Crucial Economic Data
The U.S. dollar inched higher on Tuesday but remains on track for a steep monthly decline, pressured by persistent uncertainty surrounding tariffs and growing concerns about a potential slowdown in the U.S. economy. As of 04:50 ET (08:50 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—rose 0.2% to […]
Daily Technical Analysis EUR/USD: Pair Holds Near 1.1350 as Trade Tensions Ease
EUR/USD continued its decline for a second straight session on Monday, slipping toward the 1.1360 area during early trading hours. The pair remains under pressure as the U.S. Dollar gains traction, bolstered by signs of easing tensions between the United States and China. On Friday, reports emerged that China had exempted certain U.S. imports from […]
Dollar Rises After Trump Eases Criticism of Powell, Euro Falls Again
The U.S. dollar strengthened on Wednesday, building on the previous session’s rebound as market sentiment improved following President Donald Trump’s more conciliatory remarks regarding Federal Reserve Chairman Jerome Powell. A calming of trade tensions between the U.S. and China also added support to the greenback. As of 04:00 ET (08:00 GMT), the U.S. Dollar Index—which […]
Daily Technical Analysis EUR/USD: Pair Drops Toward 1.1350 on Dollar Strength
The EUR/USD pair faced fresh selling pressure during the session on Wednesday, pulling back toward the 1.1355 area. The move comes as the U.S. dollar regains traction, supported by a renewed wave of investor confidence in the greenback following developments on both the monetary policy and trade fronts. U.S. President Donald Trump helped calm investor […]
Dollar Nears Three-Year Low as Trump–Powell Dispute Weighs on Markets
The U.S. dollar saw a modest rebound on Tuesday, though it remained near its lowest level in over three years following fresh criticism of Federal Reserve Chair Jerome Powell by President Donald Trump. At 04:45 ET (08:45 GMT), the U.S. Dollar Index—which tracks the greenback against a basket of six major currencies—rose 0.2% to 98.190, […]
Daily Technical Analysis EUR/USD: Euro Climbs to 1.1485, Highest Since 2022 Amid Weak Dollar
On Monday, the EUR/USD pair broke out of a consolidation zone that had held for several days, reaching its highest level since February 2022, around 1.1485. The advance was driven by persistent bearish sentiment surrounding the U.S. dollar (USD), which favors the continuation of the strong uptrend that has characterized the pair in recent weeks. […]
Dollar Further Weakened by the Effects of the Trade War; Pound Sterling Strengthens Despite Soft Inflation
The U.S. dollar extended its decline on Wednesday, weighed down by growing concerns over the Trump administration’s escalating trade war, while the British pound and euro advanced despite mixed economic data. As of 04:40 ET (08:40 GMT), the Dollar Index — which measures the greenback against six major currencies — fell 0.5% to 99.452. The […]
Daily Technical Analysis: EUR/USD Gains Ground Above 1.1250 Ahead of U.S. Retail Sales Data
The EUR/USD pair is trading in positive territory around 1.1285 on Wednesday, with the U.S. Dollar (USD) hovering near a three-year low against the Euro (EUR) as global trade tensions persist. Market participants are closely watching for the release of U.S. retail sales data and a speech by Federal Reserve (Fed) Chair Jerome Powell, both […]