Tag Archives: eur/usd

The EUR/USD pair’s upside momentum faltered once again around 1.0530. The breakout of that resistance could lead up to a test of 1.0713. The EUR/USD pair gives away initial gains and sinks in the red territory below the 1.0500 support on Thursday. The constructive outlook for EUR/USD should remain unchanged …

The Euro is retracing against the US dollar after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the EUR/USD is trading at 1.0610, above its opening price by …

The US dollar’s strength continues on Tuesday despite the declining Manufacturing PMI data. On the other hand, the Euro extends its losses as a reaction to Germany’s inflation data. So far, the dollar recovered and reached fresh two-week highs, although T-yields retreated.The US Dollar Index climbs close to 1%, at …

The Euro sheds some ground against the US dollar on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading …

After the EUR/USD pair had made a run to weekly highs, it eventually retreated. The pair now is closer to the daily low as US yields rise.The stocks market turns negative, while crude oil sinks. The EUR/USD pair failed to break the current range despite hitting the highest level in …

The US Consumer Price Index is expected to be cooler. Sliding CPI data is in the favour of the Euro, due to less hawkish tightening anticipated the Federal Reserve.The awaited CPI data will be released on Tuesday, estimates refer to falling from 7.7% in the previous month’s reading to a …

EUR/USD is firmly higher on Thursday due to diminishing expectations for the Fed to keep raising interest rates at the same aggressive pace. A rise in weekly jobless claims suggests that the labour market is slowing down. EUR/USD is currently 0.38% higher having rallied from a low of 1.0489 to …

Trade Balance data in the United States has indicated shows the deficit widening, a headwind for the US Dollar. Germany’s Factory Orders helped the Euro to hold buoyant amid low expectations, while December’s monetary policy meetings by the Fed and the ECB will help to keep the EUR/USD pair within …

The Euro is falling against the US Dollar after hitting a six-month high nearby 1.0600. Eurozone data was mixed, though slanted towards the negative territory as Retail Sales retreated. Therefore, the Euro is almost unchanged against the dollar following the release of the positive US ISM Services PMI that underpinned …

The EUR/USD pair has flattened again as the US session heads into the late afternoon. The pair fell from the 1.0394 high to the 1.0325 low on the day so far and steadies near 1.0340 at the time of writing. Growth stocks on Wall Street experience extended declines, overshadowing a …