Goldman Sachs: Caution on near-term EUR/USD downside despite weak momentum – TradingView
daily euro dollar Goldman Sachs emphasizes the need to be cautious about the short-term decline in the EUR/USD pair. Although momentum is weak, the European Central Bank is unlikely to shift to a more aggressive policy stance, which could support the euro in the short term. Important points: Limited ECB guidance: Despite an expected 25 […]
EUR/USD remains below 1.0900, further downside seems possible as the ECB decision looms – FXStreet
EUR/USD weakens as the ECB may cut interest rates by 25 basis points on key refinancing operations and deposit facilities. The dollar index is hovering around 103.35, the two-month high hit on Monday. Atlanta Fed President Rafael Bostic expects there will be just one more 25 basis point rate cut in 2024. EUR/USD remains in […]
EUR/USD extends decline as ECB rate call looms ahead – FXStreet
EUR/USD fell by another fifth on Tuesday. The results of the ECB bank survey have reduced the euro's bullish potential. The ECB is widely expected to cut rates by another 25 basis points this week. EUR/USD fell further to the bearish side on Tuesday, dropping by a fifth of 1% and falling below the 200-day […]
EUR/USD falls back as US CPI inflation data prints above expectations – FXStreet
EUR/USD fell on Thursday with the 200-day EMA revealed. This week, Fiber will focus on US statistics as euro statistics remain scant. Scheduled to be released on Friday: US PPI inflation rate, unit of consumer sentiment. EUR/USD managed to maintain a finger grip on the chart paper north of the 1.9000 handle. Fiber closed lower […]
EUR/USD drifts higher above 1.0950 ahead of German Industrial Production – FXStreet
Early in Tuesday's European session, EUR/USD held steady around 1.0985. ECB policymakers continue to prepare for an accommodative policy stance. Traders have withdrawn their bets that the Fed will cut rates aggressively at its November meeting. EUR/USD extended its recovery to around 1.0985 in early European trading on Tuesday. Major currency pairs are rising while […]
EUR/USD Price Forecast: Path of least resistance appears to the downside – FXStreet
EUR/USD fell to near 1.0965 in early European trading on Monday. The bullish outlook for this pair looks fragile on the daily chart as the RSI indicator remains below the midline. The first support level is seen at 1.0881. The immediate resistance level is located at 1.1000. EUR/USD has been trading in negative territory for […]
EUR/USD posts modest gains above 1.1050, traders await US ADP report – FXStreet
In Wednesday's Asian session, EUR/USD remained steady around 1.1070. US ISM Manufacturing PMI in September was weaker than expected. Eurozone inflation fell below the ECB target in September. During Wednesday's Asian trading session, the EUR/USD pair was moving moderately higher around 1.1070. Meanwhile, signs of rising geopolitical tensions in the Middle East could weigh on […]
EUR/USD Price Forecast: Flat lines below 1.1200 ahead of German consumer inflation data – FXStreet
EUR/USD lacks solid direction during the day, remaining within the range from a few days ago. The technical setup is mixed, so caution is required before positioning for a short-term trajectory. Traders are eyeing preliminary German CPI numbers for some stimulus ahead of Fed Chairman Jerome Powell's speech. The new week begins on a subdued […]
EUR/USD pares losses as soft US PCE inflation weighs on US Dollar – FXStreet
EUR/USD reversed intraday losses after August US PCE inflation report was softer than expected. France's CPI preliminary figures (EU standards) and Spain's HICP in September were below 2% year-on-year. The ECB increased expectations for a rate cut in October after weaker-than-expected inflation data from France and Spain. EUR/USD recovered most of its intraday losses in […]
EUR/USD rebounds with Fed Powell’s speech on the horizon – FXStreet
EUR/USD consolidated to around 1.1120 before moving higher as the US Dollar struggled to extend its recovery. Fed Chairman Powell's speech will likely provide clues about the size of the rate cut in November. The ECB is likely to cut interest rates for the second time in a row in October. EUR/USD has rebounded to […]