The EUR/USD pair recorded a goodish bounce for its second consecutive week to tap the 1.0765 top after touching a multi-year low of 1.0348 on May 13. A weak dollar was responsible for this bullish rally recorded by the euro as the USD tumbled despite lingering risk aversion sentiment. However, investors have exhibited caution in […]
The US Dollar Index (DXY) fell to its lowest point since April 26 in the London session on Tuesday, as the euro bolstered gains and Wall Street grabbed attention away from safe-haven assets. The DXY fell to the 101.74 low but currently trades at 101.96 at press time. The euro emerged as the top gainer […]
The euro recorded a sharp rally on Thursday as investors price in the possibility of an aggressive policy outlook by the European Central Bank (ECB) in the near term, amid a retrace in the dollar following significant gains in previous sessions. Reports show that money markets are pricing in a potential 106 basis points (bps) […]
The euro recorded a spike against all major currencies in the European session on Thursday, following strengthening expectations of an interest rate hike by the European Central Bank in July. Bundesbank President Joachim Nagel was the latest policymaker to assert that the ECB will raise its interest rate at the start of Q3 2022. Another […]
EURUSD Price Analysis – April 18 The breaking down of the support level at $1.07 may push the price to $1.06 and $1.05 support levels. Should the support level of $1.07 is defended by the bulls price may reverse and face the resistance levels of $1.09, $1.11 and $1.17 EUR/USD Market Key Levels: Resistance levels: […]
The financial markets recorded some notable developments last week, as the euro experienced a roller coaster weekly session. Firstly, the US bond yield curve became inverted for the first time in three years. The US yields, including the two-year yield and the 10-year yield, were some of the most talked-about topics in the market last […]
The EUR/USD pair has maintained a downward trend for the past few days, although this trend follows a non-linear pattern. The pair traded around the 1.1000 mark in the London session on Tuesday as investors remained on the sidelines ahead of the speech from the European Central Board (ECB)’s President Christian Lagarde and the announcement […]
The EUR/GBP pair climbed higher in the London session on Thursday and touched a two-day peak at 0.8349 in the last two hours. That said, the pair recorded a minor dip following the two-day top sighting, falling to the 0.8323 low as bulls continue to push for a return above the 0.8360 resistance level. The […]
The US dollar continued to show weakness in the European session on Thursday, as the euro extended its gains against the safe-haven currency amid a hawkish change in outlook by the European Central Bank (ECB) last week and the release of the US Consumer Price Index (CPI) later today. The CPI data release is expected […]
