EUR/USD loses earlier gains before Eurozone consumption data
The euro remains constrained as investors anticipate critical data. The July retail sales indicate a significant drop in consumption, more than market expectations. Later today, the US ADP employment report may provide some hope regarding potential Federal Reserve easing. The EUR/USD pair has experienced losses, hovering around 1.1650 in Thursday’s European session. This position follows […]
EUR/USD reduces recent increases as Eurozone CPI data takes center stage
The euro is likely to decline from its recent peak as the US dollar deals with growing risk aversion. Unexpectedly high inflation data in the eurozone hasn’t been enough to bolster the euro. Following a slight dip, the US dollar is recovering ahead of significant business activity and employment reports from the US. The EUR/USD […]
EUR/GBP weakens as Eurozone PMI strength does not support the Euro
The EUR/GBP dipped below 0.8660, ending a two-day increase after reaching an intraday high of 0.8670. The Eurozone’s manufacturing PMI increased to 50.7 in August, surpassing flash estimates of 50.5. The UK’s manufacturing PMI fell to 47.0, missing the forecast of 47.3. The Euro has weakened against the British Pound, with the Euro/GBP trading just […]
EUR/JPY stays within limits as attention shifts to Eurozone outlook and Japan’s inflation data
EUR/JPY shows a slight recovery after reaching a weekly low earlier today. Germany’s GFK Consumer Trust (for September) has declined for the third month in a row. Attention now turns to the Eurozone Sentiment Survey on Thursday and Japan’s extensive data releases on Friday. The Euro (EUR) managed to regain some lost ground against the […]
EUR/USD remains below 1.1650 before Eurozone PMI data
EUR/USD remains subdued as traders look ahead to HCOB Purchase Manager Index data. The forecast for the Eurozone HCOB PMIs is 49.5 for manufacturing and 50.6 for services. FOMC meeting minutes revealed that most members considered keeping interest rates unchanged appropriate. After a slight uptick in the prior session, the EUR/USD remained low, hovering around […]
EUR/USD remains stable near 1.1700 before Q2 Eurozone GDP and US PPI data
EUR/USD remains steady as it awaits the release of total eurozone production figures for the second quarter. CME’s FedWatch tool indicates a nearly 94% probability of a 25 basis point rate cut in September. U.S. Treasury Secretary Scott Bescent believes that the Fed could implement a 50 basis point rate reduction in September. The EUR/USD […]
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/CAD Price Prediction: Fluctuates above 1.6000 before Eurozone ZEW Survey results
The EUR/CAD is hovering around 1.6020 as the Eurozone prepares to release its ZEW survey – economic sentiment data for August. Concerns regarding the Canadian labor market are prompting speculations about possible interest rate cuts by the Bank of Canada (BOC). Despite this, the EUR/CAD pair is generally on an upward trend, supported by the […]
EUR/USD holds steady under 1.1600 as weak US employment numbers raise hopes for an interest rate cut, while Eurozone outlook weakens.
The EUR/USD pair remains steady near 1.1600 on Monday, reflecting Friday’s robust NFP gains. Investor sentiment in the Eurozone declines as the Sentix Investor Confidence Index drops from 4.5 in July to -3.7 in August. US factory orders decreased by 4.8% in June, reversing the 8.3% increase seen in May and hinting at a slowdown […]
EUR/USD remains below 1.1750 before Eurozone Consumer Confidence report
The EUR/USD is expected to decline as the US dollar strengthens following a new trade agreement. Trump took this opportunity to criticize Fed Chairman Powell, suggesting he will be out in eight months. The ECB is likely to keep interest rates unchanged on Thursday. The EUR/USD pair has retreated from a two-week peak, hovering around […]