EUR/USD shows slight upward movement around 1.1725 during the early hours of Tuesday’s Asian session. Iran has proposed to restore access to the Strait of Hormuz contingent upon the lifting of the US blockade and the conclusion of hostilities. Market participants prepare for the upcoming rate decisions from the Fed and ECB on Wednesday and … Read more
EUR/USD has pulled back from session peaks near 1.1730, yet it maintains a stable position above 1.1700 at this point. In May, German GfK Consumer Confidence declined more than anticipated. Market participants continue to express optimism regarding a potential US-Iran peace agreement, contributing to the ongoing softness of the safe-haven USD. The Euro continues to … Read more
The EUR/USD pair experiences a decline, settling near 1.1780 during the early hours of the Asian session on Friday. Trump indicated that a permanent ceasefire between the US and Iran could be achievable, yet significant uncertainty persists. ECB policymakers continue to adopt a data-driven strategy. The EUR/USD pair is currently positioned in negative territory, hovering … Read more
EUR/USD is experiencing slight upward movement, hovering around 1.1540 during the early Asian session on Friday. Galhau from the ECB indicated that a rate hike is “highly likely,” although the timing remains uncertain. Geopolitical tensions in the Middle East may provide support for the US Dollar, recognized as a safe-haven currency. The EUR/USD pair experiences … Read more
The EUR/USD exchange rate experienced a modest decline, despite Christine Lagarde signaling the potential for interest rate increases by the European Central Bank. It was positioned at 1.1560, slightly beneath this week’s peak of 1.1630. The EUR/USD pair continued to face downward pressure following remarks from Lagarde, the president of the European Central Bank, suggesting … Read more
EUR/USD eases to approximately 1.1560 during the early Asian session on Monday. Iran has stated that it will strike the energy facilities in the region should the US or Israel target power plants. Market participants anticipate that the ECB will implement an interest rate increase as soon as April, driven by escalating inflation concerns stemming … Read more
Francesco Pesole emphasizes that the ECB’s careful communication conceals a hawkish pivot, as officials are said to be contemplating an April rate increase should inflation exceed expectations. Current market conditions reflect expectations for earlier tightening and increased probabilities of consecutive rate adjustments. Economists anticipates a heightened upside potential for the Euro, suggesting that EUR/USD could … Read more
EUR/USD holds steady around 1.1770 in the early Asian session on Friday. The uncertainty surrounding the leadership of the ECB could put strain on the Euro. Market participants will closely monitor the upcoming flash US Q4 GDP and PCE inflation reports, set to be released later on Friday. The EUR/USD pair is showing a consistent … Read more
The Euro continues to decline on Thursday following the European Central Bank’s decision to keep rates steady in a rather uneventful monetary policy meeting. The jobs data in the United States came in below expectations, leading to increased speculation regarding potential rate cuts by the Federal Reserve. The EUR/USD is currently at 1.1777, reflecting a … Read more
EUR/USD is showing positive momentum, approaching 1.1755 during the early European session on Friday. The major pair maintains a positive outlook, remaining above the significant 100-day EMA, accompanied by rising RSI momentum. The primary resistance level to monitor is 1.1820, while the first support level is identified at 1.1655. The EUR/USD pair is currently positioned … Read more