EUR/USD Drops Below 1.0500 Amid French Government Crisis
The EUR/USD pair slipped to approximately 1.0490 during the early European session……
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data The EUR/USD pair extended its decline to around 1.0530 during early Asian trading on Monday, pressured by a strengthening US Dollar (USD). Traders are focusing on key events scheduled for later in the day, including European Central Bank (ECB) President Christine Lagarde’s […]
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand The EUR/USD pair has edged higher, trading around 1.0550 during Thursday’s Asian session, following losses in the previous session. However, upside momentum remains limited as safe-haven flows gain strength due to escalating geopolitical tensions between Russia and Ukraine. According to Reuters, Ukraine deployed British Storm Shadow […]
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking The EUR/USD pair remains steady with a positive bias around the 1.0600 mark during Tuesday’s Asian session. The pair’s upward momentum appears supported by a softer US Dollar (USD), which is undergoing profit-taking after its recent rally. Despite the USD’s pullback, its downside remains limited […]
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech The EUR/USD pair remains stable, trading slightly above the psychological support level of 1.0500 at the start of the week. The currency pair consolidates as the US Dollar (USD) rally pauses after hitting a fresh annual high. The US Dollar Index (DXY), which measures the Greenback against […]
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows The EUR/USD pair has broken its five-day losing streak, trading close to 1.0540 during the Asian session on Friday. This recovery appears to stem from a pullback in the US Dollar (USD) following recent remarks by Federal Reserve Chair Jerome Powell. Powell noted that the US economy […]
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports EUR/USD continues its downward trend for the fifth consecutive day, trading near 1.0550 during Thursday’s Asian session, hitting new yearly lows. The pair’s decline is primarily driven by the strengthening US Dollar (USD), fueled by “Trump trades.” Investors are now […]
US CPI Inflation Data Expected to Rebound in October as Markets Assess Trump Victory Impact
US CPI Inflation Data Expected to Rebound in October as Markets Assess Trump Victory Impact The Bureau of Labor Statistics (BLS) is set to release the United States (US) Consumer Price Index (CPI) data for October on Wednesday at 13:30 GMT, with significant market interest expected. The US Dollar (USD) is likely to experience high […]
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data The EUR/USD pair continues its downward trajectory on Wednesday, hovering just above the 1.0600 mark during Asian trading. This marks the fourth consecutive day of losses for the Euro, with downward momentum driven largely by a strengthening US Dollar (USD). The recent pressure on the EUR/USD […]
EUR/USD Pressured Ahead of Fed Speeches and US Inflation Data
EUR/USD Pressured Ahead of Fed Speeches and US Inflation Data The EUR/USD pair is trading cautiously near a four-month low around 1.0700 in Monday’s European session. The currency pair remains under pressure, bolstered by recent shifts in the US Dollar’s (USD) outlook following Republican Donald Trump’s election as President. This outcome has strengthened the USD, […]
EUR/USD Hovering Near 1.0750 with Downward Pressure Amid Political Shifts in the U.S
EUR/USD Hovering Near 1.0750 with Downward Pressure Amid Political Shifts in the U.S The EUR/USD pair remains around 1.0740 during the Asian session on Thursday, after experiencing a 2% decline in the previous session. The pair appears to be under downside pressure as the U.S. Dollar gains traction, potentially benefiting from renewed interest in “Trump […]
EUR/USD Dives as Trump Claims US Presidential Victory
EUR/USD Dives as Trump Claims US Presidential Victory The EUR/USD pair tumbled on Wednesday, hitting a four-month low near 1.0700 before edging up to 1.0750 during the European session. The euro was battered as Donald Trump, the Republican candidate, appears poised to take control of the Senate, with the GOP gaining significant leads in key […]
EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index
EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index The EUR/USD pair faltered just before dawn, slipping below the mid-1.0800s. The numbers showed a partial retreat from yesterday’s high near 1.0870—a figure that hadn’t been seen in over a week and a half. Buyers had slowed, and the dollar, never one […]
The Role of Technical Analysis in Trading Major Forex Pairs
The Role of Technical Analysis in Trading Major Forex Pairs In forex trading, a solid understanding of major currency pairs is key for traders. Pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF are among the most actively traded and hold great significance. Due to their high volume, these pairs offer enhanced liquidity and market efficiency. To […]
EUR/USD Falls Near 1.0800 Ahead of Key Eurozone and German GDP Data
EUR/USD Falls Near 1.0800 Ahead of Key Eurozone and German GDP Data EUR/USD slipped on Wednesday, trading around 1.0810 in the Asian session after two days of gains. The Euro faces downward pressure amid expectations that the European Central Bank (ECB) may cut its Deposit Facility Rate again. Current market predictions indicate a nearly 50% […]
EUR/USD Price Analysis: Holding Above 1.0800, Testing the Descending Channel’s Upper Boundary
EUR/USD Price Analysis: Holding Above 1.0800, Testing the Descending Channel’s Upper Boundary The EUR/USD pair has eased back from its recent gains, trading near 1.0810 in the Asian session on Tuesday. On the daily chart, the pair is currently testing the upper boundary of the descending channel, hinting at a potential reinforcement of a bearish […]
EUR/USD Steady Below 1.0800 Amid Speculation of a Less Dovish Fed Stance
EUR/USD Steady Below 1.0800 Amid Speculation of a Less Dovish Fed Stance The EUR/USD pair remains stable around 1.0790 during Monday’s Asian trading hours, following previous session losses. However, it could face resistance from a strengthening U.S. Dollar (USD) as recent positive U.S. economic data fuels expectations for a potentially less dovish Federal Reserve (Fed) […]
EUR/USD Rebounds from Multi-Month Low, Eyes 1.0800 Ahead of Flash PMIs
EUR/USD Rebounds from Multi-Month Low, Eyes 1.0800 Ahead of Flash PMIs The EUR/USD pair is showing signs of recovery during Thursday’s Asian session, breaking a three-day losing streak that saw it hit its lowest level since early July, near the 1.0760 region. Spot prices have edged closer to the 1.0800 level in recent hours, buoyed […]