Euro gains back some earlier losses against Japanese Yen, attention on ECB policy
The Euro (EUR) is slowly recovering from early losses against the Japanese Yen (JPY) during Tuesday’s European trading session. As it stands, EUR/JPY has dipped by 0.3% to approximately 178.85 after previously hitting a low of 177.85. Despite the recent recovery, the general outlook for this currency pair seems bearish. Market analysts anticipate a strong […]
EUR/GBP Price Outlook: Euro retreats from the peak of a triangle pattern
The Euro (EUR) is experiencing some modest declines against the British Pound (GBP) on Wednesday. Following a brief recovery over the last two days, the currency has once again hit a significant resistance zone between 0.8580 and 0.8585, which is aligned with the peak of an upward triangle pattern. On this particular Wednesday, both the […]
Euro rises against Canadian Dollar before Germany’s HICP figures
EUR/CAD saw a rebound after two consecutive days of decline, trading near 1.6120 during the European session on Monday. Traders are keeping a close eye on upcoming German inflation data, specifically the preliminary Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP), set to be released later today for further directional insights. Eurozone […]
Euro strengthens against Japanese Yen as September rate hikes from ECB and BoJ are anticipated
The EUR/JPY pair saw a slight increase of 0.15% on Friday, trading close to 184.15 as of this writing. There’s an expectation among investors for more monetary tightening in the eurozone. Meanwhile, indications that Japan may raise interest rates soon—potentially as early as September—are supporting the pair. In Europe, there’s a strong consensus that the […]
EUR/USD Price Prediction: Support for Euro from Hawkish ECB Outlook
On Friday in European trading, the euro (EUR) was hovering around 1.1550, showing a slight increase of 0.17% against the US dollar (USD). The rise in the euro, along with major currency pairs, reflects strong expectations that the European Central Bank (ECB) will raise interest rates during its upcoming September policy meeting. A poll conducted […]
Euro reduces losses against the British Pound after strong German inflation figures
The euro (EUR) gained some ground against the British pound (GBP) after hitting lows earlier this week. This came as higher inflation figures from Germany provided some support, even as anxieties rose in the Middle East. Currently, EUR/GBP is above 0.8540 but has pulled back from last week’s peak of over 0.8580, keeping a bearish […]
Euro exchanges cautiously with US Dollar ahead of US CPI data
As European markets opened on Wednesday, the euro (EUR) was slightly down against the US dollar (USD), hovering around 1.1534. Major currency pairs also showed minor declines as investors appeared more cautious ahead of the US Consumer Price Index (CPI) data for July, due to be released at 12:30 pm Japan time. At that moment, […]
Euro reduces daily declines as German preliminary GDP exceeds forecasts
The euro (EUR) dipped slightly against the US dollar (USD) on Wednesday, even after experiencing a modest uptick following Germany’s GDP data which exceeded expectations. Currently, EUR/USD stands at 1.1450, down from a high of 1.1475 reached earlier that day. This decline is attributed to a deteriorating market sentiment, primarily influenced by rising tensions in […]
Euro slips slightly to around 1.1450 as the Fed keeps rates unchanged, traders look ahead to Eurozone and German GDP.
The EUR/USD pair is slightly down, hovering around 1.1465 during the early Asian trading hours on Thursday. The US dollar has gained marginally against the euro following the Federal Reserve’s decision to maintain a hawkish stance on interest rates. Traders are now anticipating the preliminary GDP data for the second quarter from Germany and the […]
EUR/JPY Analysis 28/07: Euro Pauses at 186.50
Euro/Yen The euro gained against the Japanese yen on Monday, showing some initial strength, but the upward trend wavered later as concerns grew about risk appetite during US trading hours. Even with this slight dip, holding the euro here could yield a positive swap. Notably, the 186.50 yen level is acting as a crucial barrier […]