On Wednesday, the US dollar declines across the board versus rivals, while the euro rises. The US ISM Services PMI’s unexpected dip has allayed worries that the Fed may become more hawkish. The Eurozone CPI earlier on Wednesday showed less forceful price pressures in March than anticipated. During the US …
Read More »Market Drivers; US Session, April 2
As European investors got back to work after the long Easter break, the US dollar declined from its recent highs, providing some much-needed relief in the risk-linked world. The USD Index (DXY) dropped to 104.70 from recent heights over 105.00 as a result of fresh selling pressure on the US …
Read More »EUR/USD attempts to recover after dovish remarks by ECB officials
After declining in response to hawkish sentiment surrounding the US Fed, the EUR/USD pair is making an attempt to rebound and is currently trading at 1.0789. Stronger inflation data may cause Fed’s Waller support the postponement of the interest rate cuts.ECB’s François Villeroy de Galhau stated that the bank can …
Read More »Market Drivers; US Session, March 28
Due to hawkish comments made by Fed member Waller, which implied that the US central bank would maintain rates at their present, restrictive levels for an extended period of time, the US dollar strengthened on Thursday. Bond rates for the near term rose, and the stock markets continued their upward …
Read More »EUR/USD finds support amid ECB dovish signals
The EUR/USD pair found support despite the dovish move by the ECB and conflicting signals from Fed officials. ECB officials give a dovish tone to the policy outlook during wage inflation talks, hinting at a possible rate decrease in June. The US GDP and core PCE inflation numbers are anticipated …
Read More »Market Drivers; US Session, March 25
The USD Index (DXY) declined from recent highs during the week’s bearish opening, although it continued to trade over the 104.00 mark. The Conference Board’s tracking of US Consumer Confidence, together with the FHFA’s House Price Index and Durable Goods Orders, will be the main topics of interest on March …
Read More »EUR/USD benefits from softer dollar amid fresh statements by Fed officials
The crucial 200-day moving average is quickly approaching for the EUR/USD pair, indicating a wave of cautious optimism in the currency markets. ECB optimism about inflation and future rate decreases contrasts with mixed views from the Fed and worse US housing data.Updates to the economic outlook are anticipated from the …
Read More »EUR/USD declines for second successive day
The shared currency weakened against the US Dollar for the second day in a row, ending the week near its lowest point since early March.The Euro fell as much as 1.3% during North American trading earlier on Friday. But it was able to regain some of its losses, closing at …
Read More »Despite Upbeat European Data, Euro Weakens Ahead of FOMC Decision
Market jitters ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday are putting pressure on the Euro (EUR) against the US Dollar. The EUR/USD is trading at 1.0863, down 0.08% at the time of writing.Positive signs in Eurozone:Investor sentiment in the Eurozone received a boost after Germany’s ZEW …
Read More »EUR/USD declines following US economic data
The EUR/USD pair has fallen to the lower 1.0900s following the release of US macroeconomic data, which indicates continued inflationary pressures in the economy. The pair is trading at 1.0902, down 0.42% at the time of writing.EUR/USD Reacts to Economic DataFactory gate prices rose more than expected in February, while …
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