EUR/USD Hovers Near Mid-August Lows, Remains Vulnerable Around 1.0975
EUR/USD Hovers Near Mid-August Lows, Remains Vulnerable Around 1.0975 The EUR/USD pair starts the week on a subdued note, consolidating last week’s sharp losses, which brought it to its lowest level since mid-August following strong US employment data on Friday. The pair is currently trading around the 1.0975 level, looking vulnerable to further declines after […]
EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD
EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD The EUR/USD pair has seen selling pressure for the fifth consecutive day, dipping to a fresh three-week low near the 1.1030 mark during Thursday’s Asian session. This bearish momentum is driven by broad US Dollar (USD) strength, pushing the pair below the 50-day Simple Moving Average […]
EUR/USD Posts Modest Gains Above 1.1050, Traders Eye US ADP Report
EUR/USD Posts Modest Gains Above 1.1050, Traders Eye US ADP Report The EUR/USD pair is experiencing slight gains, trading around 1.1070 during Asian trading hours on Wednesday. However, any escalation in geopolitical tensions, particularly in the Middle East, could weigh on risk-sensitive assets like the Euro (EUR). Investors are also focusing on the US ADP […]
EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts
EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts EUR/USD started the week on a positive note, trading around 1.1170 during the Asian session on Monday. This uptick can be attributed to a weakening US Dollar (USD), driven by expectations of continued policy easing from the US Federal Reserve in November. On Friday, […]
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech The EUR/USD pair is trading stronger near 1.1140 during Thursday’s Asian session, supported by a broadly weaker US Dollar. On the agenda for Thursday are speeches by multiple US Federal Reserve (Fed) officials, including Chair Jerome Powell. Additionally, key economic data releases, such as the US […]
EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data
EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data The EUR/USD pair remains steady around 1.1160 during Monday’s Asian trading session. The US Dollar (USD) could weaken due to the increasing possibility of further interest rate cuts by the Federal Reserve (Fed) in 2024, which may support the EUR/USD pair. Last week, the US […]
EUR/USD Price Outlook: Positive Momentum Sustains Above 1.1150
EUR/USD Price Outlook: Positive Momentum Sustains Above 1.1150 The EUR/USD pair remains on an upward trajectory for the third straight day, trading near 1.1165 during Friday’s Asian session. The pair’s strength is supported by a weaker US Dollar (USD), following an unexpected 50 basis point (bps) rate cut by the US Federal Reserve (Fed) at […]
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation The EUR/USD began the week on a positive trajectory, trading around 1.1090 during Monday’s Asian session. Investors are now closely watching the US Federal Reserve’s (Fed) highly anticipated policy decision later this week, with uncertainty surrounding the size of the potential rate cut. Markets remain split […]
Nonfarm Payrolls Data to Test US Labor Market in August After July’s Slowdown
Nonfarm Payrolls Data to Test US Labor Market in August After July’s Slowdown The US Bureau of Labor Statistics (BLS) will release the much-anticipated Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT. This labor market data is crucial for assessing the US Federal Reserve’s (Fed) upcoming interest rate decisions, particularly regarding a […]
Forex Today: Choppy Market Action Persists as Investors Await Next Catalyst
Forex Today: Choppy Market Action Persists as Investors Await Next Catalyst After hitting its lowest level in over a year near 100.50, the US Dollar Index (DXY) rebounded toward 101.00 during the European session on Wednesday. With no high-impact economic data releases scheduled for midweek, investors remain focused on central bank commentary and geopolitical developments. […]
EUR/USD Rises Above 1.1150 Amid Market Optimism
EUR/USD Rises Above 1.1150 Amid Market Optimism The EUR/USD pair has rebounded from its recent losses, trading around 1.1170 during Tuesday’s Asian session. This recovery is fueled by growing market optimism following comments from U.S. Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, who told Reuters that fears of a wider […]
EUR/USD Slips Below 1.1150 as Eurozone and US PMI Data Loom
EUR/USD Slips Below 1.1150 as Eurozone and US PMI Data Loom The EUR/USD pair is trading with mild losses around 1.1145, breaking its four-day winning streak during the Asian session on Thursday. Despite the current dip, downside risks for the pair appear limited due to strong expectations that the US Federal Reserve (Fed) may begin […]
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data After a brief recovery earlier in the day on Wednesday, the US Dollar Index reversed course during the American session, marking its fourth consecutive day of losses. As of Thursday’s European trading hours, all eyes are on the preliminary August PMI data from […]
EUR/USD Holds Firm Above 1.1100 with Fed Minutes Awaited
EUR/USD Holds Firm Above 1.1100 with Fed Minutes Awaited EUR/USD is hovering around 1.1130 during Wednesday’s North American session, marking its highest level this year. The currency pair is eyeing a revisit to the 2024 high of 1.1140 as the US Dollar (USD) weakens amid growing optimism for Federal Reserve (Fed) interest rate cuts in […]
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs The EUR/USD pair is holding around 1.1080 during Tuesday’s Asian session, after easing back slightly from an eight-month high of 1.1087. This minor pullback is linked to a stronger US Dollar (USD) amid a rise in risk-averse sentiment. However, the USD might face challenges ahead as the […]
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts The EUR/USD pair climbed to year-to-date (YTD) highs, nearing 1.1040, during early European trading on Monday. This rise is supported by a broad weakening of the US Dollar (USD) amid increasing speculation that the Federal Reserve (Fed) might cut interest rates in September. […]
EUR/USD Steadies Above 1.1000 Ahead of US Retail Sales Data
EUR/USD Steadies Above 1.1000 Ahead of US Retail Sales Data The EUR/USD pair is holding steady near 1.1010, consolidating its gains after pulling back from a recent seven-month high during the Asian session on Thursday. The Euro (EUR) strengthened against the US Dollar (USD) after the Eurozone’s second-quarter (Q2) Gross Domestic Product (GDP) growth met […]
EUR/USD Holds Below 1.1000 as Markets Await Eurozone GDP and US CPI Data
EUR/USD Holds Below 1.1000 as Markets Await Eurozone GDP and US CPI Data The EUR/USD pair is trading flat around 1.0990 during the early European session on Wednesday, as traders remain cautious ahead of the release of key economic data from both the Eurozone and the US. The focus is on the Eurozone’s Gross Domestic […]