Gold lost some ground and settled around $1,820 per ounce, but crude oil prices kept rising amid supply concerns. G7 leaders discussed an agreement to impose a price cap on Russian oil, as sanctions on the crypto sent crude prices skyrocketing. WTI is now at around $111.60 a barrel.The US …
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The US dollar gains momentum during the US trading session whereas the Euro records fresh lows versus the dollar, the Swiss Franc and British pound.Stocks have erased some gains in Wall Street. The EUR/USD pair dropped further and bottomed at 1.0501, the lowest level since Thursday. It then trimmed losses, …
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The EUR/USD pair surged further during the US session and climbed to 1.0614, reaching the highest level in two weeks. The euro pulled back under 1.0600. It is holding onto daily gains, still unable to consolidate above 1.0600.Risk sentiment improvement weakened the US dollar. The Dollar Index is falling 0.25% …
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The EUR/USD pair trimmed most of its weekly gains on Thursday, hovering around 1.0530. The US dollar benefited from a souring market sentiment. The negative sentiment was triggered by more comments by Fed Chair Jerome Powell and macroeconomic data pointing to a sharp economic slowdown.The flash S&P Global PMIs for …
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Powell’s Testimony is being awaited and eyed amid market talk over the longevity of Fed’s 75 bps rate hike. The EUR/USD pair holds onto the previous two-day gains around 1.0535-40 during Wednesday’s initial Asian session. The pair’s latest rebound could be linked to the softer US dollar, as well as …
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German Economy Minister Robert Habeck said on Tuesday that the reduced gas supply had “another dimension” and that it was an economic attack by Russia against Germany, as reported by Reuters.Habeck has added that the gas supply situation could become worse than the coronavirus pandemic. Markets have not reacted to …
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The Euro seems under pressure after ECB emergency meeting. Meanwhile, the US dollar’s performance is mixed ahead of the Fed’s decision. FOMC statement will be released at 18:00 GMT.The EUR/USD is falling on Wednesday, trading at daily lows near 1.0380 ahead of the Fed’s decision. The US dollar is posting …
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European Central Bank Governing Council member Isabel Schnabel said on Tuesday that the monetary policy can and should respond to a disorderly repricing of risk premia, as reported by Reuters.Key Quotes“We will react to new emergencies with existing and potentially new tools.”“There can be no doubt that, if and when …
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The EUR/USD continue to pull back after the beginning of the US session and it is hovering around 1.0410, slight above Monday’s close. Earlier on Tuesday, the pair peaked at 1.0485 but then lost momentum as Wall Street turned to the downside and as US yields hit fresh highs.After a …
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The EUR/USD bears stay the course and continue to eye a test of 1.04 the figure. The US dollar has climbed to score fresh bull cycle highs ahead of the Fed. At 1.0448, the Euro is still trailing to the US dollar by some 0.65% despite the recent bid in …
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