Search results

EUR/USD Dips as Diverging Central Bank Policies Drive Market Sentiment In the ever-volatile currency markets, the EUR/USD pair demonstrated a downward trajectory on Wednesday, eventually stabilizing in a narrow band between 1.082 and 1.084. Despite Spanish inflation data for March meeting...

Dollar rally stalls as market participants wait for more signals of the strength of the US economy The EUR/USD pair is showing resilience, defending its near-term support level at 1.08. Broad, albeit slight dollar weakness contributed to the strength of the pair. However, recent economic data...

EUR/USD Sees Modest Rise Amidst Dollar Weakness At the dawn of the trading week, the EUR/USD pair has started on a modestly positive note, edging higher by 0.2%, however remaining below the intraday resistance level at 1.0850. This upward movement comes against the backdrop of a weakened US...

EURUSD remains range-bound as markets look for fresh upside catalysts EUR/USD advanced slightly on Friday following strong bearish backlash after the pair tested horizontal resistance level on Thursday. Despite the intensive pullback, managed to sustain pricing above 1.08, with technical...

US Dollar Wavers as Disinflation Narrative Persists Amid Mixed Economic Signals The US Dollar (USD) finds itself in a precarious position, relinquishing its recent gains following a surge triggered by a red-hot inflation report earlier in the week. However Fed members are cautioning against...

Resilient US Inflation Presents Growing Dilemma for the Fed The latest report from the US Bureau of Labor Statistics (BLS) revealed a slight softening in inflationary pressures in the United States, with the Consumer Price Index (CPI) showing a year-on-year increase of 3.1% in January, down...

Dollar Rises on Strong Data, Technicals Signal Near Pullback Point The latest data on the American economy show that it is growing significantly faster than previously thought: over the past two weeks, the estimate of the quarterly GDP growth rate, calculated by the New York Federal Reserve...

Selling risks persist for EURUSD as key bearish targets are yet to be met The EUR/USD pair isn't catching a break, heading south for the second day straight and hovering around 1.0790 during the European session on Thursday. The mighty US Dollar is gaining traction against the Euro, riding...

European PMI aids the Euro in overcoming bearish retracement The US Dollar faced a broad decline against major currencies on Wednesday, driven by positive developments in European economic indicators and uncertainties surrounding the upcoming US PMI release. The initial shift occurred with the...

EURUSD and USJDPY analysis: strong dollar caps any upside but situation could quickly change The Bank of Japan left the parameters of monetary policy unchanged at today's meeting. BOJ Governor Ueda adopted an ambiguous position regarding withdrawal from QE policy and interest rate hikes, even...

First batch of US labor market data trims chances for Fed rate cut in March The EURUSD is attempting to develop the ascending impulse that emerged in the second half of the American session yesterday. However, resistance appeared above the 1.09 level, causing the price to drop below, and it...

Global Markets React to Economic Data and Central Bank Actions: EUR/USD, GBP, AUD in Focus The EUR/USD pair faced slight downward pressure during the European session, however later recovered to the equilibrium rate of 1.0950 which has been sustained by the market from the last week amid of...

US CPI: analysis of preliminary data points to potential upside surprise The currency market and the US bond market are in a bit of a pickle, prices moving in tight ranges or resembling fading oscillations. It seems like all the hot info that came out recently is already baked into the...

AUDUSD: Potential U-Turn at the Start of the New Year Fueled by Continued CPI Slowdown The EURUSD's mid-term uptrend has hit the pause button, chilling in a tight range of 1.09-1.10 for the sixth day straight, hugging the lower edge of the trend channel: Last Friday's dollar-buying...

Mixed Signals in the Markets: US Employment and PMI Reports Shake Things Up The job report and Services PMI in the US gave the market a bit of a rollercoaster ride last Friday. The dollar flexed its muscles after the employment stats revealed the US added 216K jobs in December, beating the...

Weak US GDP data points to dovish surprise in Core PCE report The US dollar found itself on the back foot Thursday after a mixed bag of economic releases, including a downward revision to the third-quarter GDP growth estimate from 5.2% to 4.9%. The GDP Price Index also saw a downward...

Central Bank Meetings Overview: Igniting the Chase for Yield This week saw a series of central bank meetings that delivered a plethora of surprises. In particular, the communication from both the Federal Reserve and the European Central Bank diverged from market consensus expectations. Strong...

Fed dovish pivot expectations shift to 1Q 2024 as November US CPI shows resilience The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold, the...

NFP preview: US employment resilience persists amid mixed labor market signals In the latter half of the week, bearish pressure on European currencies has somewhat eased, with EURUSD consolidating in the range of 1.0750-1.08 and GBPUSD at 1.25-1.26. This hints that the upcoming direction may...

Currency Shifts, Oil Decline, and Speculative Assets: Analyzing Market Trends and Powell's Impact in the Week Ahead European currencies experienced a continued decline on Monday, with EURUSD finding support around 1.0850, and GBPUSD sliding from its recent peak of 1.27 to 1.2650. Both...