The EUR/USD currency pair remains stable around the 1.1625 mark during the early hours of the Asian session on Friday. Waller from the Federal Reserve indicated his intention to endorse maintaining the current interest rates during the upcoming September meeting. The ECB is anticipated to implement a second rate increase in September, according to the … Read more
EUR/USD is currently trading in a stable manner at approximately 1.1590 during the early hours of Thursday’s Asian session. Traders have increased their wagers on a September rate hike following the remarks made by Fed Warsh. ECB’s Makhlouf stated that the central bank must be ready to increase interest rates further. The EUR/USD pair remains … Read more
EUR/USD has softened to approximately 1.1575 during the early European session on Wednesday. Further consolidation cannot be dismissed given the lack of directional momentum indicated by the RSI. The first upside barrier emerges at 1.1600; the initial support level to watch is 1.1565. The EUR/USD pair experiences a decline, approaching 1.1575 in the early European … Read more
EUR/USD records slight increases around 1.1620 during the early hours of Tuesday’s Asian session. Germany’s CPI inflation increased to 2.9% year-on-year in August. Traders are increasing their wagers on a potential rate hike following remarks from the Fed’s Warsh regarding the need to address inflationary pressures. The EUR/USD pair is experiencing slight increases, hovering around … Read more
EUR/USD is showing resilience as it approaches 1.1590 during the early hours of the European session on Monday. Fed’s Warsh signalled that further tightening may be needed to curb price pressure. The first upside barrier is identified at 1.1677, while the initial support level is observed at 1.1570. The EUR/USD pair is currently positioned in … Read more
The EUR/USD pair experiences an upward movement, propelled by the hawkish stance of the European Central Bank, which has led to gains in the euro. Market participants are increasingly factoring in a potential deposit rate hike to 2.50% in September. ECB official Schnabel cautions that the conflict in the Middle East, coupled with economic resilience, … Read more
EUR/USD records slight increases around 1.1655 during the early hours of Thursday’s Asian session. Money markets are preparing for a more aggressive stance from the ECB. Fed Chairman Kevin Warsh’s speech at the Jackson Hole symposium will be the focal point on Friday. The EUR/USD pair advances to approximately 1.1655 in the early hours of … Read more
EUR/USD remains stable at approximately 1.1675 during the early hours of Wednesday’s Asian session. US Treasury buybacks may exert downward pressure on the US Dollar, as traders prepare for the US PCE data to provide new momentum. The United States has issued a warning of imposing stringent sanctions on nations that maintain economic relationships with … Read more
The Euro appreciates as increasing oil prices, elevated bond yields, and tensions in the Middle East bolster expectations for a rate hike by the ECB in September. The US Dollar continues to face downward pressure following the Treasury’s announcement of a plan to double its long-term bond buybacks. Markets are poised for the release of … Read more
The EUR/USD pair experiences an uptick as the US Dollar weakens in response to the announced buyback plans for US Treasury bonds. Escalating geopolitical tensions between the US and Iran may bolster demand for safe-haven assets, thereby constraining additional losses for the US Dollar. Above-target Eurozone inflation bolsters expectations for additional ECB rate hikes, supporting … Read more
