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 […]
The EUR/USD pair is currently on the edge of its seat, waiting with bated breath for the FOMC rate decision and press conference tonight (18:00 and 18:30 GMT) and the ECB decision and press conference tomorrow (12:15 and 12:45 GMT). These two pivotal events will determine the fate of the EUR/USD over the coming weeks […]
Bears may dominate EURUSD market EURUSD Price Analysis – 01 May The price may increase significantly more into the $1.12 and $1.13 barrier levels if the bulls are successful in breaking through the $1.11 resistance level. The price may drop toward the $1.10, $1.09, and $1.08 support levels if the Bears are able to hold […]
The Euro-US Dollar (EUR/USD) currency pair has seen some interesting moves this week. Traders have been on high alert, with heavyweight data releases from the Euro Area and the US on the horizon. Market sentiment has been swinging back and forth as traders try to digest the latest economic data and central bank commentary. US […]
