The euro gained ground against the U.S. dollar on Thursday, breaking above the key 1.09 level and challenging this month’s high. The rally was driven by a combination of factors, including upbeat risk sentiment, a weaker greenback, and stronger-than-expected inflation data from Germany. The main catalyst for the euro’s rise was the release of the […]
Traders, you might want to keep an eye on the EUR/USD currency pair as it continues to rise. Since September 2022, the pair has been on a steep uptrend, thanks to a hawkish European Central Bank (ECB) and a weaker US dollar. The ECB has remained committed to raising rates until inflation shows significant signs […]
Bulls are dominating EURUSD market EURUSD Price Analysis – 13 March EURUSD may increase to the $1.09 and $1.10 resistance levels if the Bulls are able to break above the $1.07 barrier level. The $1.04 and $1.03 levels may be reached if sellers apply more pressure, pushing the price past the $1.06 support level. EUR/USD […]
Bullish momentum may increase in EURUSD market EURUSD Price Analysis – 06 March In case Bulls are able to break above the $1.07 resistance level, the price may rise to the $1.09, and $1.10 resistance levels. If sellers exert more pressure, EURUSD may move past the $1.06 support level and hit the $1.04 and $1.03 […]
The euro took a bit of a tumble on Thursday as inflation in the eurozone dropped to 8.5% in February, down from 8.6% in January. This drop came as a bit of a surprise to investors, who had been expecting inflation to remain high based on recent national readings. It just goes to show that […]
The EUR/USD exchange rate has been volatile in recent weeks, with the pair fluctuating between 1.06 and 1.21. The latest data on Eurozone inflation indicate that annual inflation has dropped to 8.6% in the euro area and down to 10.0% in the EU. The decline is due to a fall in energy prices, which has […]
The EUR/USD pair recently witnessed a fall as the euro weakened against the US dollar, causing a stir in the markets. The euro’s fall has come amid concerns about the possible overtightening of ECB policy as well as the divergence in economic performance between the Eurozone and the US. The US has been recovering from […]
The EUR/USD has failed to show any significant moves this morning despite the European Commission raising its 2023 growth forecast for the EU. Market sentiment remains risk-averse ahead of tomorrow’s release of EU GDP and US inflation data. The EU economy has started the year in a better position than expected in the fall. This […]
The euro continued its upward trajectory on Thursday, peaking at around 1.0790, driven by risk-on sentiment and a slight pullback in recent days. Over the past few months, the EUR/USD exchange rate has risen more than 13%, rebounding from its bear market lows of below 0.9600 in September 2022. The euro’s rapid recovery has been […]
