EUR/USD withered further on Wednesday, sagging below 1.0900. ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps. Final EU inflation figures are unlikely to move the needle on Thursday. EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s […]
EUR/USD faces pressure near 1.0950 as the US PPI came in hotter-than-expected. The Fed is expected to cut interest rates by 25 bps in November. The Euro holds strength despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures. EUR/USD falls back to near the key support of 1.0930 in Friday’s New York session. The […]
EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in […]
EUR/USD has broken below a key trendline and might have formed a bearish pattern. A Double Top reversal pattern could potentially be a bad omen for the pair. EUR/USD breaks below the trendline for the rally since June. On Tuesday it executes a throwback move to “air kiss the trendline goodbye” and now seems to be […]
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EUR/USD enters a bearish consolidation phase after last week’s downfall to mid-1.0900s. The USD preserves the post-NFP gains to a multi-week top and caps the upside for the pair. Bets for another ECB rate cut in October undermine the Euro and further act as a headwind. The EUR/USD pair kicks off the new week on […]
Fundamental Overview The US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40% as a result. On the data side, […]
EUR/USD falls sharply below 1.1100 on weak Eurozone preliminary Purchasing Managers’ Index data of September. ECB policymakers appear to be increasingly concerned about inflation remaining persistent. Markets expect the Fed to deliver a second consecutive 50 bps interest-rate cut in November. EUR/USD faces sharp selling pressure and falls below the crucial support of 1.1100 in Monday’s European […]
EUR/USD climbed on reaction to first Fed rate cut since March of 2020. Fed delivers a surprise 50 bps rate cut out of the gate. Fed dot plot eases lower in September, unemployment forecast ticks slightly higher. EUR/USD soared into a fresh high for September after the Federal Reserve (Fed) surprised markets with a full 50 bps […]
EUR/USD may have reached too far, too fast in midweek recovery. ECB rate cut bump proved fleeting as markets pivot to focus on Fed. Investors are jostling for position as rate market weigh odds of a 50 bps Fed cut. EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on the […]
EUR/USD: The Fed and beyond – Rabobank
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For very good reason the market is preoccupied by the potential policy decisions of the Federal Reserve, Rabobank’s Senior FX Strategist Jane Foley notes. Risk of EUR/USD dips back to 1.10 “In July, market expectations regarding a possible September rate cut from the Fed began to firm up. Consequently, since the start of that month […]
EUR/USD rises as increasing bets of a large cut by the Federal Reserve weigh on the US Dollar. The ECB said it remains data-dependent for further monetary policy action after Thursday’s cut. ECB’s President Lagarde refrained from providing a specific interest-rate cut path. EUR/USD strengthens at the expense of a weak US Dollar. The US […]
