Strong inflation in the Eurozone, coupled with escalating petrol prices, bolsters expectations for additional interest rate increases by the ECB. Resurgent US Treasury yields may limit EUR/USD gains despite the Treasury’s bond buyback efforts. Fed’s Musalem observes that financial conditions are accommodative, yet cautions that the underlying inflation rate of 2.5%–3% is still excessively elevated. … Read more
EUR/USD edges higher to approximately 1.1585 in the early European session on Wednesday. The pair maintains a positive perspective above the 100-day SMA, supported by bullish RSI momentum. The first upside barrier emerges at 1.1614; the initial support level to watch is 1.1570. The EUR/USD pair is positioned in positive territory close to 1.1585 during … Read more
The EUR/USD pair experiences a decline to approximately 1.1575, interrupting its three-day upward trend during the early European session on Tuesday. The Euro edges lower against the US Dollar as traders remain cautious about the US-Iran conflict and the closure of the Strait of Hormuz. On Tuesday, a source indicated that the UK Maritime Trade … Read more
EUR/USD advances slightly to approach 1.1575 during the early hours of Monday’s Asian session. The probability of a September Federal Reserve rate increase has decreased to 33.1%. The United States and Iran persist in their ongoing conflict and contention regarding the Strait of Hormuz. The EUR/USD pair strengthens to approximately 1.1575 during the early Asian … Read more
EUR/USD stood at 1.1537 on Friday, as markets continued to analyse the latest economic data. Soft US inflation figures have diminished expectations for a Federal Reserve rate hike in September. Data released on Thursday indicated that producer prices remained unchanged in July. Together with the benign CPI report, this indicates that inflationary pressures have not … Read more
The EUR/USD pair experiences an uptick as the US Dollar faces challenges due to a moderation in US inflation for July, which in turn diminishes expectations for a rate hike by the Federal Reserve in September. Stalled US-Iran nuclear negotiations concerning Gulf conflict resolution could constrain potential upward movement for EUR/USD. Stronger Q2 Eurozone growth … Read more
EUR/USD remains positioned beneath 1.1550 following a retreat from the previous week’s peak at 1.1580. Robust inflation in Germany has not bolstered the Euro, as apprehensions regarding escalating tensions in the Middle East continue to exert downward pressure. The US Dollar’s rallies appear constrained as investors anticipate the forthcoming release of US CPI figures. The … Read more
EUR/USD depreciates as rising geopolitical tensions in the Strait of Hormuz disrupt global markets. Market caution rises as Iran considers banning US and Israeli ships and penalizing hostile cargo until blockades lift. Rebounding oil prices threaten expectations that falling energy costs would ease pressure on the ECB to cut rates. EUR/USD extends its losses for … Read more
The EUR/USD pair has strengthened, reaching approximately 1.1555 during the early hours of the Asian session on Thursday. US companies added 44,000 jobs in July, according to data. Iran and Oman have reached an agreement regarding the coordinates of maritime routes in the Strait of Hormuz. The EUR/USD pair advances to approximately 1.1555 during the … Read more
EUR/USD declines to approximately 1.1530 during the Asian session on Wednesday. Iran dismissed the assertion made by the United States regarding the status of the Strait of Hormuz. US JOLTS Job Openings decreased to 7.35 million in June, falling short of expectations. The EUR/USD pair is experiencing slight declines, hovering around 1.1530 during the Asian … Read more
