EUR/USD Price Prediction: Stabilizes around 1.1545 before US Inflation report
Market Update: EUR/USD and US Economic Indicators On Wednesday, the EUR/USD pair is hovering around 1.1545 during trading in Asia. Other major currency pairs seem to be strengthening, with the US dollar remaining stable as investors await the Consumer Price Index (CPI) data set to be released at 12:30 GMT. At this point, the US […]
EUR/USD Update for Today 09/06: Negative Outlook Before ECB Meeting
Bearish Perspective Bullish Perspective The EUR/USD exchange rate dropped to a critical support point at 1.1500 on Tuesday, as market participants awaited decision-making from the European Central Bank (ECB) and the upcoming US consumer inflation data. Since its peak in May, it has decreased over 2.6%. ECB Interest Rate Decisions and US Inflation Data There […]
EUR/USD Price Outlook: Increases toward 1.1550 after bouncing back from channel low
EUR/USD Currency Update The EUR/USD pair bounced back after experiencing a decline of 0.75% the prior day, trading around 1.1530 during Asian hours on Monday. Technical indicators on the daily chart suggest that the bearish trend persists, as the pair hovers near the lower boundary of a descending channel. In the short term, the EUR/USD […]
EUR/USD on Alert as Markets Anticipate Important Employment Figures
EUR/USD faced continued pressure on Wednesday, hovering around 1.1629. The dollar found support due to stalled discussions between the U.S. and Iran, along with renewed tensions in the Middle East, which heightened demand for safe-haven assets. U.S. Central Command reported that Iran launched a ballistic missile towards a neighboring country, prompting U.S. forces to target […]
Eurozone core inflation increases more quickly than anticipated: What does this mean for EUR/USD?
The preliminary harmonized index of consumer prices (HICP) for the euro area in May was reported at 3.2% year-on-year, up from April’s 3%. Core HICP—excluding volatile items like food, energy, alcohol, and tobacco—hit 2.5%, surpassing expectations of 2.4% and last month’s 2.2%. Month-over-month, both the headline and core HICP increased slightly by 0.1% and 0.3%, […]
EUR/USD Price Outlook: 20-day EMA continues to be an important hurdle amid ongoing uncertainty in Iran
On Wednesday in Europe, the EUR/USD pair climbed slightly, hitting around 1.1640. The major currency pairings are showing a gradual uptick, with the euro maintaining its position amidst ongoing uncertainty tied to the U.S.-Iran agreement. Concerns about the U.S.-Iran deal have intensified after Tehran criticized the “defensive strikes” carried out by the U.S. Central Command. […]
EUR/USD Price Outlook: Stays around 1.1650 as buyers aim to push gains beyond 23.6% Fibo.
EUR/USD Outlook for the Week This week starts off with a bullish trend for EUR/USD as hopes for a potential peace deal between the US and Iran are affecting the US dollar’s (USD) status as a safe haven. The pair may inch upwards toward the mid-1.1600s during the Asian trading hours. However, it’s wise to […]
EUR/USD Price Outlook: 1.1600 support remains intact as negative momentum persists
The EUR/USD pair saw a slight rebound on Wednesday, helped by a decline in US Treasury yields, which capped further gains for the US dollar. The euro, in contrast, benefited from new inflation data out of the eurozone, raising hopes that the European Central Bank (ECB) might consider raising interest rates sooner than expected. As […]
EUR/USD Outlook for Today 18/05: Euro Declines (Video & Chart)
The euro experienced a decline on Friday as interest rates in the US continued to increase. While interest rates are also rising in Germany, traders seem to be feeling anxious about the current situation in the Middle East. It might be wise for them to wait for further news to gauge any potential progress towards […]
EUR/USD Price prediction: Reaches 1.1620 lows due to risk aversion and rising oil prices
The euro (EUR) continued its downward trend against the dollar (USD) on Friday, slipping below 1.1650 for the first time since early April. This puts it on track for a weekly drop of about 1.2%. Various factors are creating a challenging environment for the euro, including a cautious market sentiment, rising U.S. Treasury yields due […]