EUR/USD climbs close to 1.1200 as the US Dollar weakens due to budget worries.
The US dollar is expected to strengthen even as it weakens in light of a downgrade in the US credit rating. Moody’s anticipates a significant increase in US federal debt, projecting it to reach about 134% of GDP by 2035, up from 98% in 2023. There are hopes for another interest rate cut from the […]
EUR/USD moves back close to 1.1200 before the release of the UoM Consumer Sentiment Index.
With the recent decline of the US dollar, EUR/USD pairs are trending higher. The US producer price index dropped by 0.5% month-over-month, while the core PPI (excluding food and energy) decreased by 0.4% in April. However, gains for the euro may be limited as European Central Bank officials hint at potential interest rate cuts. The […]
EUR/USD fluctuates on Thursday, finishing precisely where it began.
The EUR/USD dropped early Thursday but bounced back to the day’s opening bid. US PPI inflation saw a faster-than-expected decline, easing concerns about potential tariff impacts for now. The latest consumer sentiment survey from UOM is set to be released on Friday. The EUR/USD experienced some volatility on Thursday, briefly dipping below its 50-day EMA […]
EUR/USD rises close to 1.1200 as confidence in the market comes back.
The EUR/USD is positioned to trade positively around 1.1195 during Wednesday’s Asian session. US CPI inflation dipped slightly below the April expectations. After discussions between the US and China, traders are revising their expectations for an ECB rate decrease. During the Asian trading hours on Wednesday, the EUR/USD pair is set to hover near 1.1195. […]
EURUSD is nearing an important resistance point as the dollar shows some weakness.
There hasn’t been a clear reason for the sudden decline of the US dollar, but this situation could present a significant chance for dollar bulls. It’s worth noting that the short dollar positions are somewhat crowded, and it’s reasonable to anticipate an increase in Treasury yields in the upcoming weeks. We’re starting to have our […]
EUR/USD recovers on Tuesday as demand for the dollar fades.
With the USD weakening on Tuesday, the EUR/USD has moved back toward the 1.1200 mark. Market optimism is rising, partly due to trade agreements that may divert attention from the Trump administration’s tariff policies. Key data on EU GDP growth, the US PPI, and the University of Michigan’s consumer sentiment remain on the radar. The […]
EUR/USD holds steady above 1.1100 before US inflation figures
The EUR/USD may face fresh challenges as the US dollar gains traction from ongoing US-China trade talks. Both nations appear to have come to a preliminary deal aimed at substantially reducing tariffs, hinting at a possible easing of trade tensions. The European Central Bank has managed to prolong its monetary easing strategy due to decreasing […]
EUR/USD slips once more as optimism over trade agreements strengthens demand for the dollar
EUR/USD again dipped towards the low end on Thursday, approaching 1.1200. The US dollar is currently trending upwards, following the expected announcement of trade deals between the US and the UK. While the trade agreement hasn’t been officially announced yet, there’s hope among investors for a reduction in tariffs. The EUR/USD rate fell on Thursday, […]
EUR/USD Price Forecast: Tests support near 1.1350, potential for upside based on positive outlook.
EUR/USD is expected to revisit its peak of 1.1573 from April 21, which would be its highest point since November 2021. The RSI remains above the 50 level, indicating a continued bullish sentiment. The pair is currently testing important support at the nine-day EMA, around 1.1320. During Wednesday’s Asian session, EUR/USD has reclaimed gains from […]
EUR/USD retains its gains before the Fed’s monetary policy decision
The EUR/USD drops to around 1.1350 as the US dollar experiences a slight increase ahead of the Fed’s decision on monetary policy. Market participants will be closely watching the Fed’s guidance regarding the outlook for monetary policy. Conservative politician Friedrich Merz has been appointed German Prime Minister after a second attempt. The EUR/USD is set […]