Euro rises despite poor Eurozone outlook; US CPI shows mixed results
The euro climbed over 30 pips to around 1.1630, ending its two-day winning streak after mixed US inflation figures. US headline inflation increased by 0.2% in July, with the annual rate easing to 2.7%. Core consumer prices are expected to rise by 0.3% month-over-month and 3.1% year-over-year, exceeding forecasts. On Tuesday, the euro gained some […]
EUR/USD Outlook: Euro still needs to overcome important resistance level
During Monday’s European session, EUR/USD is expected to hover around 1.1650. Dovish comments from the Fed hinder the US dollar’s strength. Attention will be on developments in US-China trade negotiations. After a slight uptick last week, the EUR/USD has settled on Monday, trading around 1.1650 during European hours. The technical landscape indicates that there’s a […]
Euro remains stable near 1.1650 as expectations for a Fed rate cut grow
EUR/USD may recover as traders anticipate a 25 basis point rate cut in September. Trump has chosen Stephen Milan to take over from Adriana Coogler on a committee with Federal Reserve Presidents. The euro might gain traction as the ECB is projected to halt its easing cycle in September. EUR/USD is holding steady after three […]
Euro holds onto its gains as the US Dollar dips following weak Services PMI.
The euro made a slight gain against the US dollar on Tuesday, even as investor sentiment remained cautious and momentum weakened. Recent US data offers a mixed view: while the S&P Global PMIs indicate resilience, the ISM services PMI shows a drop, highlighting concerns in employment and new orders. In the eurozone, although final PMI […]
Jess Carter eager to come back to Gotham after Euro chaos
Jess Carter participated in celebrations in the UK after the Lioness victory at the European Women’s Championships, which might have alleviated some of the pressure from a tough international outing for veteran defenders. However, she quickly returned to rejoin her Gotham teammates, preparing for the NWSL season against a Chicago team on Friday night. “I […]
New euro banknotes ignite Franco-Polish controversy regarding Marie Curie’s name
The design of the upcoming Euro banknotes has reignited a longstanding discussion between France and Poland regarding the legacy of Marie Curie, a Nobel Prize-winning scientist. Curie, born in Warsaw in 1867, later relocated to France, where she made history by becoming the first woman to win a Nobel Prize in 1903, sharing the honor […]
EUR/USD falls as Powell’s firm stance and robust US GDP data impact the Euro
The FED’s Stance and Currency Movements The Federal Reserve remains stable, but Jerome Powell is cautious about inflation and tariffs, adopting a hawkish tone. Recent US GDP and labor data have exceeded expectations, reinforcing the Fed’s position on higher interest rates. The EUR/USD pair is at risk of further decline due to Eurozone growth issues […]
EUR/USD: Euro Falls 1.3% for Its Worst Day Since May. What Caused the Decline After the US-EU Agreement?
Euro Faces Significant Losses Key Points: The euro is facing sudden declines. Trade relations between the US and EU are struggling. Concerns have been voiced by both German and French officials. Recent discussions among some EU members express worry that the agreement between Trump and von der Leyen may negatively impact the eurozone economy in […]
ECB advisor questions whether the digital euro can compete with US dollar stablecoins.
ECB Advisor on CBDC and Dollar-Based Stablecoins An advisor to the European Central Bank (ECB) has suggested that the central bank’s digital currency (CBDC) alone may not be sufficient to compete with the growing prevalence of dollar-linked stablecoins. In a blog post on the ECB’s website, Jurgen Schaaf laid out several strategic options for the […]
Stocks rise and euro remains stable after trade deal between US and EU
On Monday, global stock markets experienced gains, and the euro reached a strong position, fueled by positive sentiment regarding trade agreements between the US and the EU. This optimism came at a crucial time, just before a significant policy meeting involving the Federal Reserve and the Bank of Japan. The US has struck a framework […]