EUR/USD falls back as ECB officials shift focus to growing economic risks

Categories
News Room

EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]

ECB’s Panetta: Still a long way from the neutral rate

Categories
News Room

European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is “still a long way from the neutral rate.” Additional comments If domestic demand remains weak, inflation could fall well below 2%. The ECB should move to neutral monetary policy stance, or even expansionary if necessary. Eurozone economic activity […]

EUR/USD hovers around 1.0600 with a positive bias as US Dollar faces profit-taking selling

Categories
News Room

EUR/USD maintains its position as the US Dollar continues its downward correction. The US Dollar’s downside appears restrained due to dampened odds of an imminent Fed rate cut. ECB President Lagarde stated that Europe should pool its resources in areas such as defense and climate. EUR/USD remains steady with a positive bias, hovering around 1.0600 […]

EURUSD Technical Analysis – The price fails to break through a crucial level | Forexlive

Categories
News Room

Fundamental Overview The US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine with just two rate cuts priced in for 2025 […]

EUR/USD refreshes six-month low on Trump’s victory, German political collapse

Categories
News Room

EUR/USD weakens as investors await a slew of Fed speakers for fresh interest rate guidance. The Euro declines as Trump’s policies are expected to weigh on the Eurozone’s exports. This week, investors will focus on the US inflation data for October. EUR/USD posts a fresh six-month low near 1.0650 in Monday’s North American session. The major currency pair weakens as the election […]

ECB’s Schnabel: Headline inflation will remain bumpy

Categories
News Room

ECB board member Isabel Schnabel argued that the European Central Bank does not need to lower interest rates to a level that would stimulate the economy, as she believes inflation is unlikely to fall below the bank’s 2% target. Key Quotes Disinflation remains on track, which allowed us to lower rates further in October, but […]

Forex Today: US data releases return to the fore amidst US election unease

Categories
News Room

The US dollar treaded water in the upper end of the range despite US yields extending their rebound to new multi-week highs, all ahead of key US data releases and growing speculation prior to the November 5 US election. Here is what you need to know on Tuesday, October 29: The US Dollar Index (DXY) […]

EUR/USD ends Friday struggling to hold onto 1.08

Categories
News Room

EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800 […]

EUR/USD: ECB policymakers favour measured cut – Scotiabank

Categories
News Room

ECB policymakers have perhaps said all that can possibly be said about the outlook for rates this week. The upshot of the range of comments from key officials is that rates will fall a bit more—and will quite likely drop again in December—but the case for a 50bps cut has not been made and more […]

EUR: To trade in the 1.0765-1.0850 range short term – ING

Categories
News Room

With inflation in abeyance and business confidence low, this is fertile ground for the ECB doves, ING’s Chris Turner notes. ECB policy rate needs to be cut below neutral “Perhaps it is no surprise then that one of the most dovish members, Bank Of Italy’s Fabio Panetta, is speculating that the ECB policy rate does […]

EUR/USD snaps four-day losing streak, but its a long way up

Categories
News Room

EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off […]

EUR/USD continues to slump after ECB rate cut

Categories
News Room

EUR/USD lost another one-third of one percent on Thursday. The ECB cut rates in-line with expectations, stripping support from underneath the Euro. US data blew the doors off market forecasts, further bolstering the Greenback. EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of bullish momentum has […]