The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed. European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are …
Read More »EUR/USD Opens Risk To 1.1000, FOMC Minutes Eyed
On Tuesday, the EUR/USD pair is slightly up by 0.14% after moving from a 1.1226 low and reaching as high as 1.1275. However, not much more can be expected on a day where markets are subdued ahead of the Thanksgiving Day holiday Thursday in the US and key data Wednesday. …
Read More »EUR/USD Sharply Drops On Lockdown News
The EUR/USD pair considerably fell Friday, dropping below the 1.13 level as coronavirus infections in Europe are getting worse every day. Rising inflation combined with a deteriorating pandemic and ultra-dovish ECB policy, in terms of tapering stimulus are among multi factors leading to a lockdown inflation spiral, eventually getting out …
Read More »Why is IFO Business Index for Germany Disappointing?
The IFO Institute’s Business Climate index for Germany declined to 97.7 in September, which is significantly below expectations of a 98.2 result. The unexpected drop in business sentiment was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.This forex …
Read More »Weaker dollar pushes EUR/USD up to test 1.1650
EUR/USD erased daily losses amid a decline of the dollar. EUR/USD pair is modestly rising after a rebound from 1.1615. During the American session, the pair climbed to 1.1651, slightly below the registered daily highs. On Wednesday, the U. S. dollar fell across the board amid risk appetite across financial …
Read More »Lane: Markets haven’t fully absorbed forward guidance
ECB chief economist Philip Lane said on Tuesday that it is challenging to reconcile the market rate pricing with forward guidance.According to Lane, market expectations for future interest rates do not square with the European Central Bank’s guidance for no hike until inflation is seen stably at 2%.“When you look …
Read More »EUR/USD slides to new 2021 lows at 1.1524
EUR/USD is sliding during the New York session, downward pressured 0.23%, trading at 1.1526. The single currency is trading near the 2021 year lows.The market sentiment is still under risk-off environment, portrayed by US stock indices falling between 0.15% and 0.34%. Safe-haven currencies like the Japanese yen and the Swiss …
Read More »EUR/USD stabilizes around 1.1570 on NFP report
EUR/USD has risen above Thursday’s daily highs is trading at 1.1572, gaining 0.17% during the New York session. Earlier in the American session, it reached a daily high at 1.1586, but as most G8 currencies, retreated the move.Despite an awful US employment report, the market seems aware that nothing will …
Read More »Week begins in slow motion as investors await a new catalyst
USD/JPY trades above the 111.00 level as the trading week started in slow motion, with the U. S. dollar edging diffidently lower against high-yielding rivals, but up roaring vs the JPY. The Japanese currency was hit by higher US Treasury yields on the 10-year note’s surge to 1.51%, its highest …
Read More »EUR/USD slides to fresh monthly lows, Investors awaiting FOMC meeting
EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …
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