EUR/USD edges higher toward 1.1800 ahead of key Eurozone and German data
EUR/USD is extending its gains for the fourth straight session, trading near 1.1780 during Asian hours on Tuesday. The Euro (EUR) is strengthening as markets await the release of Eurozone Industrial Production figures for July and Germany’s ZEW Economic Sentiment Survey for September. Support for the common currency comes from hawkish remarks by European Central […]
EUR/USD stays capped below 1.1750 ahead of Michigan Consumer Sentiment release
The EUR/USD pair edged lower to around 1.1725 during Friday’s Asian session, weighed down by renewed US Dollar (USD) strength. Still, downside momentum may remain limited as traders increasingly anticipate a Federal Reserve (Fed) rate cut next week. Focus now turns to Germany’s August Harmonized Index of Consumer Prices (HICP) and the University of Michigan […]
EUR/USD edges higher toward 1.1800 as traders eye ECB decision
The EUR/USD pair continued its upward momentum for a third straight session, trading near 1.1780 during Asian hours on Tuesday. The euro advanced as the US Dollar (USD) remained under pressure, weighed down by last week’s weaker-than-expected August jobs report, which strengthened bets on a Federal Reserve (Fed) rate cut in September. Market pricing now […]
EUR/GBP slips as French confidence vote weighs on Euro
The Euro (EUR) came under renewed pressure against the British Pound (GBP) on Monday, with EUR/GBP holding just above 0.8660 at the time of writing. Traders remain cautious ahead of a crucial confidence vote in France later today. French Prime Minister François Bayrou, who leads a fragile minority government, faces a make-or-break vote in the […]
EUR/USD Climbs Above 1.1750 Ahead of ECB Rate Decision
The EUR/USD pair continued its upward momentum on Thursday, rising toward 1.1775 in early European trading. The Euro gained strength against the US Dollar amid growing optimism over a potential trade agreement between the European Union (EU) and the United States (US). Hopes are rising that both sides may reach a deal that includes a […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
EUR/USD Steady Near 1.1700 as US-EU Trade Tensions Intensify
The EUR/USD pair is holding firm around the 1.1700 level during Tuesday’s Asian session, extending the gains made on Monday. The euro continues to benefit from a pullback in the US Dollar (USD), which weakened following renewed trade tensions between the United States and the European Union. The US Dollar Index (DXY), which measures the […]
EUR/USD Edges Higher Toward 1.0450, Upside Limited Amid Risk-Off Sentiment
EUR/USD pauses its two-day decline, trading near 1.0440 during Wednesday’s Asian session. However, upside potential remains capped as risk-off sentiment prevails ahead of the Federal Reserve’s (Fed) interest rate decision later in the North American session. The US Dollar (USD) remains supported by the Fed’s cautious policy stance. According to the CME FedWatch tool, markets […]
EUR/USD Stalls Recovery Amid Midweek Slowdown
The EUR/USD pair slipped slightly on Wednesday, losing approximately 0.1% as markets entered a quiet phase ahead of key economic data releases later in the week. U.S. President Donald Trump has temporarily paused his ongoing trade war rhetoric and threats of broad-based import taxes, leaving investors with limited drivers for market movement. Thursday’s trading session […]
EUR/USD Edges Lower Near 1.0400 Amid Trump’s Tariff Threats
The EUR/USD pair dipped slightly to around 1.0415 during Wednesday’s Asian trading session, with the Euro (EUR) under pressure against the US Dollar (USD). This decline follows US President Donald Trump’s announcement of potential tariffs on the European Union (EU). Traders now await a speech from European Central Bank (ECB) President Christine Lagarde later today […]
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/GBP Steady Below 0.8350 Ahead of German CPI Data
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data The EUR/GBP pair remains stable near 0.8330 during Thursday’s early European trading session. A cautious outlook and diminishing expectations for a Bank of England (BoE) rate cut in December lend support to the Pound Sterling (GBP), exerting slight downward pressure on the cross. BoE officials continue […]
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 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 Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI The EUR/USD pair remains confined to a tight range below the mid-1.0900s during Thursday’s Asian session, consolidating its recent losses after hitting a nearly two-month low the previous day. The U.S. Dollar (USD) is holding firm near its highest level since August […]
EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data
EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data The EUR/USD pair remains steady around 1.1160 during Monday’s Asian trading session. The US Dollar (USD) could weaken due to the increasing possibility of further interest rate cuts by the Federal Reserve (Fed) in 2024, which may support the EUR/USD pair. Last week, the US […]
EUR/GBP Drops Near 0.8400 Ahead of Eurozone Retail Sales
EUR/GBP Drops Near 0.8400 Ahead of Eurozone Retail Sales EUR/GBP surrenders its recent gains from the previous session, trading around 0.8420 during Thursday’s Asian session. Traders are closely watching the Eurozone Retail Sales data set to be released later in the day. The decline in the EUR/GBP pair is driven by growing speculation that the […]
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech The EUR/GBP pair continues its downward trend, trading near 0.8485 during early European trading hours on Friday. The decrease in expectations for a Bank of England (BoE) interest rate cut in September, following positive Purchasing Managers’ Index (PMI) data, is supporting the Pound Sterling (GBP) […]