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 […]
The Euro (EUR) could break 1.1025; the next support at 1.0995 could be out of reach for now. In the longer run, if EUR breaks below 1.1025, it could decline further to 1.0995, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Below 1.1025 EUR may test 1.0995 24-HOUR VIEW: “Last Friday, EUR […]
EUR: Holding pattern pre ECB – ING
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EUR/USD failed to hold intra-day gains on Friday as investors again struggled to take a clear view on whether the Fed will cut by 25 or 50bp, ING’s FX strategist Chris Turner notes. Source link
The Greenback regained balance and returned in a strong fashion following Monday’s inconclusive price action amidst the Labor Day holiday, advancing to two-week highs against the backdrop of further weakness in the risk-linked assets. Here is what you need to know on Wednesday, September 4: The US Dollar Index (DXY) advanced further and flirted with […]
EUR/USD strengthens near 1.1055 in Monday’s early European session. The pair maintains the positive view above the key 100-day EMA, but RSI indicator shows the neutral momentum. The first upside barrier emerges at 1.1185; the crucial support level is seen at 1.1000. The EUR/USD pair trades with mild gains around 1.1055, snapping the three-day losing streak during […]
EUR/USD trimmed to the downside on Friday, extending into a three day down streak. EU inflation brought no surprises, US PCE inflation kept rate bets on balance. Coming up next week: Last US NFP jobs data print before next Fed rate call. EUR/USD tilted further into the red on Friday, extending a downside move into […]
EUR/USD falls to near 1.1050 as the Eurozone inflation declines in line with estimates. Soft German inflation already boosted hopes of another ECB interest-rate cut in September. US PCE inflation for July rose steadily and remains softer than estimates. EUR/USD edges lower and remains below 1.1100 in Friday’s North American session. The major currency rises as the US Dollar […]
The Euro (EUR) is likely to strengthen against the US Dollar (USD) further towards 1.1225, but the significant resistance level at 1.1275 is unlikely to come into view today, UOB Group FX strategists Quek Ser Leang and Lee Sue Ann note. EUR targets the 2023 high of 1.1275 24-HOUR VIEW: “Last Friday, we expected EUR […]
EUR/USD tipped into 1.1300 for the first time in over a year on Friday. Fed policymakers open the door to rate cuts during Jackson Hole. Coming up next week: key EU and US inflation prints. EUR/USD rallied into its second-best day of August, climbing seven-tenths of one percent as the US Dollar tumbles across the […]
EUR/USD: The time has come – Rabobank
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Through most of this year, EUR/USD has been contained by a 1.10 to 1.06 range, Rabobank’s Senior FX Strategist Jane Foley notes. EUR/USD set to trade at 1.12 on a 3-month scale “This month’s break higher and the advent of a new policy cycle for the Fed suggests that a new range is in the […]
A persistent selling bias kept the Greenback’s price action subdued for yet another session, a view that was bolstered by further confirmation of the downward path of US inflation, as per July’s CPI data. Here is what you need to know on Thursday, August 15: The USD Index (DXY) dropped to multi-day lows near 102.30 […]
EUR/USD wrapped up the trading week nearly where it started. Market balance has broadly recovered as wait to Fed cuts resumes. Coming up next week: EU GDP & US CPI inflation. EUR/USD finished off a sedate trading week close to where it began, trading within a tight range of slightly more than 1%. Fiber tried […]
