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 […]
EUR/USD reduces its increase as the US Dollar strengthens with the approaching tariffs deadline.
The euro is expected to dip from its two-week peak against the US dollar due to rising concerns about the EU-US trade deal. The US dollar is likely to see a slight increase as President Trump announces a significant trade agreement with Japan. The immediate outlook for EUR/USD remains positive, though any downside movements appear […]
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 […]
EUR/USD rises above 1.1740 as appetite for risk affects the Dollar, attention on ECB
The EUR/USD has surpassed the simple moving average (SMA) of 1.1704, reaching a daily peak of 1.1747. The US is expected to slow progress in trade talks with the EU. Trade relations with the Philippines are providing limited support for the dollar. The European Central Bank (ECB) noted its retention rate on July 24 as […]
EUR/USD inches up as tariff uncertainty begins to affect the US Dollar.
The Euro Gains Strength Thanks to ECB Survey and Weaker US Dollar The Euro appreciates further due to a favorable ECB loan survey and a declining US dollar. Concerns over Trump’s tariffs contribute to a loss of momentum for the US dollar. Federal Reserve Chairman Jerome Powell is set to speak on Tuesday as pressure […]
EUR/USD stays strong close to 1.1700 as US-EU trade disputes continue
The EUR/USD has shown solid trading after Monday’s rebound, hovering around 1.1700 despite increasing trade tensions between the US and EU. President Trump has proposed raising the baseline tariff rate on EU imports from 10% to between 15% and 20%. Both the European Central Bank (ECB) and the Federal Reserve are expected to maintain their […]
EUR/USD remains uncertain at earlier levels as Trump tariff deadline approaches
The ECB is Optimistic but Tariff Uncertainty Persists The ECB expresses a positive outlook on the economy, although concerns about tariffs remain. Trump has heightened tensions in the EU by raising proposed tariffs to between 15% and 20%. The EUR/USD pair continues to operate within a bearish channel, facing resistance in the range of 1.1655 […]
EUR/USD slips closer to 1.1600 as traders exercise caution over US-EU trade uncertainty
EUR/USD is facing challenges as the US dollar remains steady amid anticipated developments in US-EU trade. U.S. Secretary of Commerce Howard Lutnick expressed optimism about a potential agreement between the US and the EU. The US dollar may encounter difficulties as uncertainty regarding the Federal Reserve’s interest rate outlook increases. Following a profitable previous session, […]
EUR/USD Weekly Outlook: Quick Outcomes and Changing Speculative Trends
The EUR/USD experienced a sharp decline after reaching highs near the 1.18400 level on July 1st. Despite this, day traders might have been tempted to capitalize on the idea that EUR/USD was undervalued over the past few weeks. However, uncertainty still looms over the forex market, including the EUR/USD pair, making the outlook increasingly unclear. […]
EUR/USD falls below 1.1600 as robust US data reduces chances of Fed rate cuts
The US dollar is seeing strong support from the workforce and retail sectors, while Trump addresses rumors about firing Powell, easing market concerns. Recent unemployment claims and retail sales could exceed forecasts, boosting the dollar’s value. Officials from the Federal Reserve are exercising caution regarding interest rate cuts, pointing to inflation and uncertainties brought on […]