EUR/USD experienced a notable increase of over 0.59% on Wednesday following the Federal Reserve’s anticipated rate cut. This “dovish hold” led traders to move away from the Dollar and invest in the Euro. Currently, the pair is trading close to daily highs of 1.1695, following a rebound from daily lows of 1.1620. The EUR/USD pair … Read more
The EUR/USD pair advances to approximately 1.1645 in the early European session on Tuesday. The anticipation of a US interest rate cut on Wednesday exerts pressure on the US Dollar in comparison to the Euro. Market participants will monitor the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October, … Read more
The EUR/USD pair commenced the week favorably, climbing to 1.1653. The recent shift was driven by increasing anticipation for a Federal Reserve rate cut this Wednesday, which continues to exert pressure on the US dollar. The current market assessment indicates an 88% likelihood of a 25-basis-point cut, reflecting a notable rise from the 67% probability … Read more
The EUR/USD held its ground, set to conclude the week with an increase of 0.39%. Trading activity slowed, constrained by the 1.1650 level as market participants focused on the Federal Reserve’s upcoming decision next week. EUR/USD is currently consolidating around 1.1650, as technical indicators suggest a potential bearish momentum. US inflation meets expectations, and there … Read more
The Euro experienced a slight decline on Thursday as market participants analyze the latest US employment figures while preparing for the upcoming release of the Federal Reserve’s favored inflation measure, the Core Personal Consumption Expenditures Price Index. Currently, the EUR/USD is positioned at 1.1649, reflecting a decrease of 0.19%. US Initial Jobless Claims experienced a … Read more
EUR/USD increased by more than 0.40% on Wednesday following US economic data that strengthened expectations for a rate cut by the Federal Reserve at the upcoming December 9-10 meeting. The pair is currently trading at 1.1668, having recovered from daily lows of 1.1617. ADP indicates that US private companies have reduced employment at the quickest … Read more
The EUR/USD experiences slight increases of 0.12% late on Tuesday in the North American session, reflecting an improvement in risk appetite. Anticipation for an additional Fed rate cut in December, coupled with the Eurozone’s high inflation figures, sustains demand for the shared currency. The EUR/USD is currently positioned at 1.1625, having rebounded from daily lows … Read more
EUR/USD holds steady around the 1.1600 level, recording slight gains of more than 0.15% on Monday as the Greenback declines in response to hawkish comments from Kazuo Ueda, the Governor of the Bank of Japan. The limited economic agenda on both sides of the Atlantic enhanced the Euro’s outlook. The Euro experiences a slight increase … Read more
EUR/USD stabilizes in Friday’s North American session, set to finish both the week and November positively with gains of 0.81% and 0.59%, respectively, as market participants seem assured that the Federal Reserve will make rate cuts in December. The pair is currently at 1.1601, having bounced back from daily lows of 1.1555. EUR/USD remains steady … Read more
EUR/USD remains unchanged on Thursday due to low trading liquidity, as US markets are closed for Thanksgiving. Ongoing expectations regarding a potential reduction in borrowing costs by the Federal Reserve continue to exert pressure on the Greenback, while the Euro appears set to conclude the week with gains. The pair is currently positioned at 1.1596. … Read more