The euro kicks off the week on a high note as it gains strength, thanks to the recent remarks made by Federal Reserve Chair Jerome Powell that have led to a revision in interest rate expectations towards a more dovish stance. This shift in sentiment has diminished the likelihood of a 25 basis point rate […]
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 […]
EUR/USD kicked off the week with a moderate bounce, managing to find its footing at the crucial support level of 1.0840. The currency pair’s resilience is commendable, considering the tumultuous ride it experienced last week when a resurgent US dollar and souring market sentiment exerted downward pressure. ECB Policymaker Sending Mixed Signals The European Central […]
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 […]
EUR/USD is the talk of the town as the pair continues to trade above the yearly high of 1.1033 against the US dollar. The bullish move is largely driven by the interest rate differential between the German 10-year bund yield and the US 10-year Treasury yield. In other words, investors are betting on the euro, […]
The EUR/USD currency pair held steady at 1.0900 on Friday following the release of mixed US jobs data. The euro (EUR) has had a decent week, with gains of 0.61%, but it failed to reclaim the 1.1000 level. The US Department of Labor released March’s job report, which showed that payrolls rose by 236K, slightly […]
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 […]
The euro has managed to squeeze out some gains against the US dollar in early trading today, following a slightly weaker greenback and better-than-expected German CPI data. Although the actual numbers were in line with forecasts, the 8.7% figure highlights the elevated and stubborn inflationary pressures in Germany, and this data is seen as a […]
