In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162. By contrast EUR/USD has been stuck between 1.06 and 1.10, Rabobank’s FX analyst Jane Foley notes. Potential risks for a break higher coming from a softer USD “The lack of strong direction in EUR/USD is despite a […]
Fundamental Overview The surprisingly weak US NFP report last Friday triggered risk-off flows. Interestingly, while many major currencies weakened against the USD, the Euro strengthened a lot which reminded the famous words from former ECB’s President Draghi when he said “The Euro is like a Bumblebee. This is a mystery of nature because it shouldn’t […]
EUR/USD bumps back over 1.0900 after bad US NFP print. Broad-market concerns of a US slowdown jumped on Friday. Coming up next week: US ISM Manufacturing PMI, EU Retail Sales EUR/USD caught a ride higher on Friday after the Greenback got pummeled following a bad data beat in US Nonfarm Payroll (NFP) figures. Market fears […]
EUR/USD jumps to near 1.0900 as the US Dollar plunges after a weak US NFP report for July. US labor demand appears to have slowed significantly, with slower wage growth. The Euro fails to capitalize on increased doubts over market expectations for two more ECB rate cuts this year. EUR/USD climbs to near the round-level resistance of 1.0900 in […]
EUR/USD: Breaks above 1.09 – Scotiabank
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EUR/USD edged a little higher in European trade, reflecting the general drift in the US Dollar (USD), and broke above 1.09, Scotiabank’s FX strategist Shaun Osborne notes. EUR trades above 1.09 intraday “The Euro (EUR) has steadied against the CHF after the cross fell sharply overall this week as havens have been in demand amid […]
EUR/USD gained a little ground on Friday, but still down for the week. Market sentiment continues to get lead by Fed rate cut hopes. Key EU inflation data due next week ahead of next Fed rate call. EUR/USD found a slim foothold on Friday, rising one-fifth of one percent at the bell but still ending […]
Germany IFO – Expectations came in at 86.9, below expectations (89) in July Source link
EUR/USD weakens near 1.0835 in Wednesday’s early Asian session. ECB’s Guindos hinted at a possible interest rate cut in September. US S&P Global Manufacturing PMI dropped to 49.5; Services PMI improved to 56 in July. The EUR/USD pair trades in negative territory for the third consecutive day around 1.0835 during the Asian session on Thursday. […]
EUR/USD dips slightly under 1.09. ECB kept rates on hold as expected and left a September rate decision ‘wide open’ and data dependent, DBS FX & Credit Strategist Chang Wei Liang notes. ECB to lean towards caution “EUR/USD dipped slightly under 1.09, with the ECB keeping rates on hold as expected and leaving a September […]
EUR/USD inches lower with expectations of the ECB maintaining current interest rates at Thursday’s meeting. Fed Governor Christopher Waller stated that the US central bank is ‘getting closer’ to a rate cut. Firm Fed rate-cut prospects have weighed on the US Dollar. EUR/USD depreciates in Thursday’s European session after rallying to a fresh four-month high […]
EUR/USD climbed into a five-week peak amid broad-market Greenback selling. US PPI inflation rose faster than expected in June, but investors pin hopes on rate cuts. ECB rate cut looms ahead next week, US Retail Sales due next Tuesday. Broad-market hopes for an accelerated pace of rate cuts from the US Federal Reserve (Fed) reached […]
EUR/USD exhibits strength as growing speculation for Fed rate cuts in September weighs on the US Dollar. US labor market conditions appear to have lost momentum. Unexpected progress by the left-wing in French elections has increased uncertainty over the economy’s fiscal outlook. EUR/USD stabilizes above the round-level support of 1.0800 in Monday’s American session. The major […]
