EUR/USD struggle s to sustain beyond the 1.0200 level. However, the bad mood in the market exerted downward pressure on the pair. Energy problems in Europe contribute to the dismal performance of the pair. Nevertheless, the USD lagged for almost 12 hours. Subsequently, this allowed the EUR/USD to record an in-day height of 1.0247. Both […]
Yesterday EUR/USD was among the weakest pair, as it was bought and sold at around 1.0180. Averting risk was the predominant flow of the day in the Forex market. This occurred during the first two trading sessions when the United States House Speaker was deciding to visit Taiwan. However, this stoked the fire of the […]
EUR/USD was sold and bought under the 1.0200 price level. This happened even though the request for USD declined. ECB (European Central Bank) increased the interest rate by 50 bps but emphasized the development and inflation worries. EUR/USD boosted towards its every week height, following the announcement of a rate increase by the ECB. Furthermore, […]
EUR/USDis hovering around the 1.02220 price level, following its getting to 1.0268 in a day. Predictions that the ECB (European Central Bank) might become less traditionalist combined with other news to affect the Eurozone. This propelled EUR as the USD lags. Chatters proposed that the ECB members may price in a rate increase of 25 […]
The EUR/USD is focusing on higher value levels while the United States Retail Sales become the result of rising inflation in the economy. Last week, the United States Retail Sales was published at 1%, which is more than the last -0.3%, and anticipated 0fuel The high cost of fuel and food caused a spike in […]
EUR/USD slides to 1.0279, reaching its lowest depth since the last month (December) of 2002. The US dollar rallied while stocks dipped, and this portrays market worries. The S&P Global published the last version of European Unions Purchasing Manager Indices. Subsequently, the published PMIs revealed that economic development in Europe declined to a 1 year […]
The euro (EUR) continued on a bearish trajectory Thursday after losing form against the dollar on Tuesday. The USD enjoyed support from growing safe-haven demand as inflation and global recession worries increased. The single currency currently trades at 1.0410, down by 0.26% in the US session, giving it a 48-hour decline of -1%. With that, […]
EUR/USD is getting close to the 1.0600 mark today. This is because of the action of downward forces on the USD. Stocks in Europe rose beyond 1%, as it obtains strength from Asian and American counterparts. This made investors reconsider if the central bank will continue with its violent rate increase, as economic development decreases. […]
EUR/USD staged a mild recovery last week after refreshing its May low near 1.0350, closing the week a few points below the 1.0600. The mild bullish momentum was restricted from crossing the 1.0600 mark as sellers defended against any bullish extension. In the last few months, inflation-related concerns have morphed into recession fears as risk […]
