EUR/USD is trading a little higher on Tuesday after selling off steeply on the previous day. Expectations the Federal Reserve will cut interest rates in December are weighing on the US Dollar. The Euro, meanwhile, is facing pressure from French political risk and similar rate-cut bets for December. EUR/USD recovers on Tuesday, with a single […]
EUR/USD lost ground again on Monday, skidding back into 1.05. Fiber failed to recapture the 1.0600 handle as near-term bounce fizzles. Plenty of ECB speeches dot the landscape, US NFP jobs numbers loom on Friday. EUR/USD kicked off another trading week with a decline back into familiar near-term lows, flubbing a fresh run at the […]
Eurozone Consumer Confidence meets forecasts (-12.4) in November Source link
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. […]
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 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 […]
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 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 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 […]
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 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 […]
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 […]
