Forex Today: Sentiment brightens as EU-US tensions ease, focus shifts to US data
Market Update for January 22nd The atmosphere in the markets brightened as the week progressed, particularly with the reduction of tensions between the United States and the European Union. Today, the U.S. Bureau of Economic Analysis will provide updated data on third-quarter gross domestic product (GDP) as well as personal consumption expenditure (PCE) figures 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 […]
AUD/USD increases as EU-US tensions impact the US Dollar, RBA Minutes approaching
The RBA is in the spotlight, pushing the AUD/USD slightly higher. EU-US trade tensions are weighing on the USD, as pressure mounts on the Fed. Technical analysis for AUD/USD: Moving beyond the key moving average in a rising wedge. The Australian Dollar (AUD) gained ground against the US Dollar (USD) on Monday, driven by escalating […]