EUR/USD strengthens above 1.0500, all eyes are on Fed rate decision – FXStreet
EUR/USD gained momentum in Wednesday's Asian session to around 1.0505. The US Federal Reserve is expected to cut interest rates for the third time in a row at its December meeting on Wednesday. Rising expectations for further interest rate cuts from the ECB could cause the euro to fall. In early European trading on Wednesday, […]
EUR/USD weakens amid firm US Dollar ahead of US inflation, ECB dovish bets – FXStreet
EUR/USD is testing the level below 1.0500 as the euro (EUR) continues to weaken, weighed down by expectations for further interest rate cuts from the ECB. The ECB is expected to cut deposit facility rates by 25 bps on Thursday for the third consecutive meeting. Investors are waiting for US inflation data to guide new […]
EUR/USD slides as ECB is set to cut interest rates by 25 bps to 3% – FXStreet
EUR/USD fell to around 1.0530 as investors awaited major events such as US inflation and the ECB policy meeting. The ECB is widely expected to cut deposit facility rates by 25 basis points to 3% on Thursday. Economists expect U.S. annual core CPI to have grown steadily by 3.3% in November. EUR/USD fell to around […]
EURUSD backs off from topside resistance target – ForexLive
EUR/USD started trading around US time. 38.2% retracement level The rate of decline from the November high is 1.05628. After the initial reversal to the upside, the pair moved up towards the swing area between. 1.05926 and 1.06097reach the peak 1.05937 before the seller regains control. The resistance level was solid and the price subsequently […]
EUR/USD trades with caution ahead of French no-confidence vote – FXStreet
The EUR/USD pair fell slightly as investors focused on political instability in France as a vote of no confidence in the prime minister loomed. ECB President Holzmann supported a 25 basis point rate cut at the December 12 policy meeting. Investors will also be watching US private employment and services PMI data for November. EUR/USD […]
EUR/USD declines below 1.0500 amid escalating French government crisis – FXStreet
In early European trading on Tuesday, the EUR/USD pair was trading in negative territory for the second consecutive day at around 1.0490. Growing concerns about the possible collapse of the French government are weakening the euro. US manufacturing PMI in November exceeded expectations. EUR/USD fell to around 1.0490 in early European time on Tuesday. The […]
EUR/USD Price Analysis: Cable plunges below the 1.0500 level – FXStreet
EUR/USD started the week down more than 1%. The 1.0500 mark is gone and the pair has fallen further below the 20-day SMA. Indicators suggest there is room for further selling momentum. EUR/USD started the week sharply lower, dropping more than 1% and falling decisively below the psychological mark of 1.0500. The move also pushed […]
EUR/USD tumbles below 1.0550 as traders await ECB’s Lagarde speech, US PMI data – FXStreet
EUR/USD lost momentum in Asian trading on Monday near 1.0530. Eurozone inflation rose to 2.3% year-on-year in November. The Fed's cautious stance has provided some support for the USD and is a headwind for EUR/USD. EUR/USD faces selling pressure near 1.0530 as the US dollar (USD) strengthens in early Asian trading on Monday. Investors will […]
EUR/USD drops amid long US weekend, German HICP in focus – FXStreet
EUR/USD fell as the US dollar stabilized after a thin trading weekend due to the US Thanksgiving holiday. ECB President Schnabel ruled out the risk that inflation would fall below the central bank's target. Investors are awaiting German HICP data for new interest rate guidance from the ECB. EUR/USD fell on Thursday as the US […]
EUR/USD sinks to near two-year lows as preliminary Eurozone PMI contracts – FXStreet
EUR/USD fell sharply as the US dollar strengthened and the Eurozone Composite PMI unexpectedly contracted. The Eurozone Services PMI surprisingly fell to 49.2, suggesting business activity contracted in November for the first time since January. The dollar strengthened as traders questioned the Fed's rate cut in December. EUR/USD hit a nearly two-year low near 1.0330 […]