Upcoming Week: US Dollar falters amid trade uncertainty with NFP and Eurozone HICP on the horizon
This week, the U.S. dollar (USD) experienced some stagnation, primarily due to ongoing geopolitical tensions and shifts in U.S. trade policies. Following the Supreme Court’s declaration that the Trump administration’s tariffs were illegal, the former administration imposed new tariffs in response. Interestingly, despite the release of better-than-expected producer price index (PPI) figures, the dollar didn’t […]
EUR/USD rebounds from lows as attention turns to Eurozone HICP data
Euro Makes Slight Gains Against the Dollar The euro (EUR) is edging up against the US dollar (USD), currently trading at 1.1825, which is fairly close to its weekly low of 1.1775. The disappointment stemming from the Eurozone’s HCOB Services Purchasing Managers’ Index (PMI) hasn’t heavily impacted the currency, as traders seem cautious, awaiting January’s […]
Euro rises above 1.1800 before Eurozone HICP announcement
EUR/USD Shows Stability Amid Economic Developments EUR/USD held steady around the 1.1830 mark during early European trading on Wednesday. However, there are signs that gains for major currency pairs might be capped as traders exercise caution with the recent resolution of the partial government shutdown. Focus will shift to the Eurozone’s harmonized consumer price index […]
EUR/USD retains losses after lower-than-expected Eurozone HICP figures
As of now, the EUR/USD has settled at 1.1715, marking a retreat from its peak above 1.1800 earlier this week. The U.S. dollar has gained a bit of strength, especially following the release of the delayed jobs data, while European indicators such as German business confidence and inflation figures failed to impress. The final consumer […]
Eurozone preliminary HICP increases to 2.2%, surpassing 2.1% in October
The annual Harmonized Index of Consumer Prices (HICP) for the euro area showed a rise of 2.2%, slightly above the previously expected increase of 2.1%. However, for the month, there was a decline of 0.3% in the headline HICP. When it comes to the core HICP, which excludes fluctuating categories like food, energy, and tobacco, […]
EUR/USD stabilizes close to peaks before the Eurozone HICP announcement
EUR/USD Market Update The EUR/USD saw a slight increase on Tuesday, trading at 1.1615, following a drop from a two-week peak of over 1.1650 the day before. The U.S. dollar has bounced back from its recent lows as investors exercise caution while they await the preliminary data on the Eurozone’s Harmonized Consumer Price Index (HICP) […]
EUR/USD loses ground as German HICP approaches
The EUR/USD currency pair has pulled back from highs above 1.1600, now trading around 1.1560. This shift comes after a mixed bag of data from the euro zone, with traders now anticipating Germany’s upcoming inflation figures. Overall, there’s a prevailing sentiment that the U.S. Federal Reserve may lower interest rates in December, adding pressure to […]
What is the timing of Eurozone Prelim HICP inflation and how might it influence EUR/USD?
Eurozone Inflation Update Official data from EuroStat released on Wednesday indicated a rise in the Harmonized Index of Consumer Prices (HICP), which saw an annual increase of 2.2% in September, compared to a 2% rise in August. The market had anticipated a reading of 2.2%. Core HICP also grew, hitting 2.3% year-on-year in September, up […]
What is the timing of the Eurozone’s initial HICP inflation report and what might be its impact on EUR/USD?
Eurozone Qualifying HICP Overview On Tuesday at 0900 GMT, Eurostat will publish the preliminary inflation data for the Eurozone for August. The Harmonized Consumer Price Index (HICP) is projected to increase to 2.0% year-over-year in August, up from the previous year. Meanwhile, core inflation is anticipated to dip slightly to 2.2%, down from 2.3%. Last […]
EUR/USD remains down around 1.1400 before Eurozone HICP inflation figures
EUR/USD has weakened as the US dollar (USD) rebounds from previous technical corrections. The European Union has cautioned that Trump’s new proposal to double US tariffs on steel and aluminum could jeopardize trade negotiations. The ISM Manufacturing PMI in the US declined from 48.7 in April to 48.5 in May. EUR/USD is showing a downturn […]