Markets are bracing for a significant milestone: parity between the dollar and the euro. This rare event, expected to follow Donald Trump’s inauguration on January 20, has caught the attention of major financial institutions like Bank of New York Mellon (BNY) and Mizuho. The euro’s recent 7% drop against the dollar underscores the growing divergence […]
Dollar in the U.S. remained stable on Tuesday as investors looked ahead to crucial economic data, including Friday’s U.S. payrolls report, which could confirm an interest rate cut by the Federal Reserve later this month. As of 04:05 ET (09:05 GMT), the Dollar Index, which tracks the dollar against a basket of six major currencies, […]
Sellers’ momentum may increase EURUSD Price Analysis – 08 April If buyers can break over the $1.08 resistance level, they might be able to approach the $1.09 and $1.10 barrier levels shortly. If sellers can hold the price below the $1.07 barrier, prices may go below the support levels of $1.06 and $1.05. EUR/USD Market […]
The euro has experienced a surge in value following the European Central Bank’s (ECB) decision to raise interest rates by 25 basis points, in line with market expectations. This upward momentum in the euro’s strength is attributed to the ECB’s revised projections for inflation, despite a downward adjustment in economic growth estimates. The central bank’s […]
The EUR/USD currency pair finds itself at a critical juncture as it tests a prior level of resistance just shy of 1.0800. That said, in an encouraging turn of events, the pair has managed to reach a fresh two-week high, signaling potential bullish momentum. However, the market is likely to remain ensnared in a tight […]
Bears may continue to dominate EURUSD market EURUSD Price Analysis – 05 June In case the sellers are successful in breaching the $1.06 support level, the price could fall considerably farther toward the $1.05 and $1.04 barrier levels. If buyers are able to hold the $1.06 support level, the price may go toward the $1.07, […]
The euro had a tough time in the currency market this week, with losses piling up against its American counterpart, the US dollar. The EUR/USD pair saw its fourth week of consecutive losses, raising eyebrows and leaving currency traders wondering about the euro’s prospects. Despite European Central Bank (ECB) policymakers maintaining a bullish stance throughout […]
The euro faced a tough blow this week as Germany, the powerhouse of the Eurozone, slipped into a recession during the first quarter of 2023. Known for its economic prowess, Germany’s unexpected downturn has sent shockwaves through the currency markets, dampening sentiment toward the euro. As the nation grapples with rising inflation and a reduction […]
Inflation in the euro area just can’t seem to shake off its stickiness, making headlines once again with the finalized data for April. The numbers revealed a slight uptick in the headline print compared to the same period last year. However, when we removed the more volatile price items like food and fuel to get […]
