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 falls as Fed keeps rates steady; Waller and Bowman disagree
The Fed remains stable, with two governors supporting a 25 bps cut. The statement indicates “increased uncertainty” and moderate growth early this year. EUR/USD is set to decline near 1.1475, with main support at 1.1450. During the North American session, the EUR/USD pair experienced a decline. This was largely influenced by the Federal Open Market […]
EUR/USD declines to 1.1550 as the Dollar gains strength despite poor US data
EUR/USD has dipped 0.33%, marking its biggest daily decline since December 2024 on Monday. US job openings fell short of expectations at 200k, and while consumer confidence has improved, concerns about the job market linger. Traders are on edge, awaiting insights from the Fed, EU inflation, as well as employment and growth data to inform […]
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 […]
EUR/USD stays under 1.1600 as US-EU trade agreement seems to benefit the US economy.
EUR/USD Outlook as US Trade Optimism Grows The EUR/USD may face challenges as the US dollar gains strength from US trade optimism. Recent trade agreements between the US and the EU have resulted in 15% tariffs on a majority of European goods. France has criticized the US-EU trade deal, calling it a “dark day” for […]
EUR/USD declines as the EU-US agreement fails to meet expectations
The euro continues to decline as investors assess the nuances of the EU-US trade agreement. Eurozone goods will incur a 15% tariff in exchange for significant EU investments and large purchases of energy and military supplies from the US. The US dollar retains a moderately positive outlook, bolstered by favorable US economic data. In the […]
EUR/USD Price Outlook: Positive trend persists as long as it stays above 1.1700, 100-SMA on H4
The EUR/USD is having a tough time taking advantage of a small bullish gap stemming from the US-EU trade agreement. The technical indicators suggest there might be opportunities for buying dips as the USD weakens. Nevertheless, traders are likely to hold off until after the two-day FOMC meeting results. The EUR/USD pair is kicking off […]
EUR/USD maintains strength above 1.1750 after US-EU trade deal
The EUR/USD is seeing positive movement thanks to a new trade agreement between the US and the European Union, which has alleviated concerns regarding broader trade tensions. The recent trade deal involves a 15% tariff on most goods imported from Europe. The Federal Reserve is anticipated to maintain benchmark interest rates within the 4.25% to […]
EUR/USD remains steady following positive US data and a strict ECB
Market Update: Euro Trends Amid US Dollar Strength The euro is expected to experience slight fluctuations on Friday, as the US dollar approaches higher levels. Positive US macroeconomic data diminished the effects of a recent hawkish statement from the European Central Bank (ECB). There’s optimism surrounding a potential US-EU trade agreement. On Friday, the EUR/USD […]
EUR/USD Update 24/07: Climbs as Buyers Aim for 1.200 (Chart)
Strong Outlook Buy the EUR/USD pair, aiming for a target of 1.1900. Set a stop-loss at 1.1650. Timeframe: 1-2 days. Bearish Outlook Sell EUR/USD pairs with a target of 1.1650. Set a stop-loss at 1900. The EUR/USD exchange rate continues to hover around previous levels in anticipation of the European Central Bank’s (ECB) decision. There’s […]