EUR/USD commences the last week of July at 1.1369. Friday’s modest decline in energy prices diminished expectations that the Federal Reserve might raise rates as soon as its forthcoming meeting, set for Tuesday and Wednesday. Simultaneously, the primary currency pair hovers near the monthly low established in late June. Markets persist in anticipating a minimum … Read more
EUR/USD edges higher to around 1.1385 in the early European session on Friday. ECB maintains current interest rates while leaving the possibility for further tightening on the table, thereby bolstering the Euro. The US military executed another series of strikes during the night aimed at Iranian targets. The EUR/USD pair strengthens to approach 1.1385 during … Read more
The EUR/USD pair is experiencing an upward movement as market participants look forward to the forthcoming interest rate decision from the European Central Bank. The ECB is anticipated to maintain its deposit rate at 2.25%, directing market attention towards Christine Lagarde’s forthcoming conference. The US Dollar encounters pressure as traders assess the implications of renewed … Read more
EUR/USD records slight increases around 1.1405 during the early hours of Wednesday’s Asian session. Increasing energy expenses may reignite inflationary pressures and bolster the argument for additional tightening measures by the ECB. Trump downplayed the likelihood of prompt negotiations with Iran as the United States continues its assaults on the nation for the 11th consecutive … Read more
EUR/USD is experiencing slight declines, hovering around 1.1410 in the early hours of Tuesday’s Asian session. The United States has initiated new military actions against Iran, while the Houthis have declared a maritime embargo. Market participants perceive a diminished likelihood of an interest rate increase during the Federal Reserve’s July meeting. The EUR/USD pair experiences … Read more
EUR/USD is gaining traction, approaching 1.1445 during the early European session on Monday. The pair maintains a bearish sentiment beneath the 100-day SMA, with the RSI consistently positioned below the midpoint. The first upside barrier emerges at 1.1470; the initial support level to watch is 1.1415. The EUR/USD pair is positioned in positive territory near … Read more
EUR/USD is trading in a stable manner around 1.1445 during the early European session on Friday. Iran instructed the Houthis to obstruct the Red Sea oil route should the United States target the power network. Rising tensions in the Middle East have led to an increase in crude oil prices, causing markets to speculate on … Read more
EUR/USD inches upward, approaching the upper boundary of the monthly range at approximately 1.1485. The US Dollar retreats following PPI data that further dampened expectations for immediate Fed rate hikes. In Europe, officials from the ECB continue to advocate for elevated interest rates as a means to address inflationary pressures. The Euro edges higher on … Read more
The early Asian session on Wednesday saw an increase in EUR/USD to about 1.1425. The US Consumer Price Index rose by 3.5% year-over-year in June, a figure that was lower than anticipated. Traders have increased their expectations for an ECB rate hike following the recent surge in oil prices. The EUR/USD pair advances to approximately … Read more
EUR/USD is experiencing slight increases, hovering around 1.1385 during the early hours of Tuesday’s Asian session. Trump stated that the US will impose a blockade on Iran in the Strait of Hormuz and levy a 20% fee on ships for safe passage. Traders prepare for the release of the US Consumer Price Index data later … Read more
