EUR/USD declined by more than 0.49% on Wednesday, following the release of the Federal Reserve’s minutes, which suggested that the central bank might forgo an interest rate cut during the December meeting, as indicated. The pair is currently at 1.1524, following a daily low just below 1.1600. EUR/USD declines as the likelihood of a December … Read more
The EUR/USD pair has moved into negative territory today, dropping below the 1.1600 level for the second day in a row amid a risk-off sentiment. Investors are currently awaiting the earnings report from NVIDIA while also processing US labor market data and orders in anticipation of Thursday’s Nonfarm Payrolls report. The currency pair is currently … Read more
The EUR/USD experiences a decline during the North American session, down 0.30%, as the Greenback benefits from a robust recovery amid speculation that the Federal Reserve may maintain rates at their current level. The pair is currently at 1.1589, having peaked at a daily high of 1.1624. EUR/USD has pulled back to 1.1589 as market … Read more
The EUR/USD concluded Friday with a decline of 0.10%, yet the week wrapped up positively with an increase of 0.51%, as risk appetite waned due to rising speculation regarding a potential pause in the Federal Reserve’s easing cycle next month. Nonetheless, the pair concluded above the 1.1600 level, setting the stage for additional upward movement. … Read more
The EUR/USD pair rises above the 1.1600 level on Thursday, hitting a two-week high of 1.1656, yet faces challenges in surpassing the important resistance point of the 50-day Simple Moving Average at 1.1661. Catalysts such as the reopening of the US government and high US Treasury yields failed to bolster the US Dollar, which continued … Read more
The Euro remains steady for the second consecutive day, failing to breach the 1.1600 level as risk appetite strengthens in light of the upcoming re-opening of the US government, following the House of Representatives’ vote on the stopgap funding bill. EUR/USD is currently stabilizing around 1.1590 as market participants anticipate the House vote on the … Read more
The Euro strengthens in the North American session, recording an increase of 0.30% as the Greenback declines following disappointing US jobs data and a shift in business sentiment towards a more pessimistic economic outlook. The EUR/USD is currently trading at 1.1590, having rebounded from daily lows of 1.1547. The EUR/USD pair experiences an upward movement … Read more
EUR/USD remains steady at approximately 1.1550 on Monday, showing little movement as the Greenback recovers some of its earlier losses following reports that the White House supports a deal to resolve the US shutdown in the near future. Currently, the pair is trading steady at 1.1560. EUR/USD remains stable as the White House’s support for … Read more
EUR/USD has recovered some of its earlier losses, increasing by 0.16% during the late hours of the North American session on Friday, in light of a limited economic calendar on both sides of the Atlantic. The US government shutdown has now extended to its 38th day, and with a light docket in Europe, the pair … Read more
EUR/USD shows signs of recovery on Thursday, reflecting a gain of 0.45% after rebounding from daily lows of 1.1486, attributed to a weakening of the Greenback. The recent soft jobs data in the US has heightened speculation regarding a potential Fed rate cut at the upcoming December meeting. The currency pair is currently trading at … Read more