The EURUSD currency pair is trading downwards on Friday as the US dollar surges on safe haven propulsion. As of this writing, the pair traded at 1.1503, down by 0.67% on the daily chart, with risk aversion on the rise following an escalation of war tension in the Middle East. Israel launched military strikes on…
Market spotlight on the US Personal Consumption Expenditure Price Index; its data is crucial and will play a key role in influencing expectations about the Fed’s policy, particularly concerning interest rates. Cutting interest rates will drive demand for the USD and increase momentum for the EUR/USD pair heading into the weekend. And then the market…
The EUR/USD pair has good support at 1.0945. which gives the EUR/USD the strength to keep going up and reach the 1.1200 level. The US dollar weakens against the euro after the release of the US April inflation data. The US-CPI index measured that the change in the consumer prices declined to 2.3% YOY in…
Investors are paying close attention to the U.S.-China trade discussions in Switzerland on Saturday. Additionally, this trade war between Washington and Beijing is a key mover for the downward revisions in the global economic growth, given the labor cost competitive advantage of China. While the US index today is quickly reversing as it trades near…
EUR/USD has rebounded sharply, climbing above the 1.09 mark as dollar weakness fuels renewed upside momentum. The move comes after the pair bottomed near 1.04 earlier this year, signalling a potential shift in market sentiment. The question now: Can this rally be sustained, or will the euro face resistance at key levels? Key Drivers Behind…
The euro extended its gains against the US dollar for the third session in a row as soft US economic data and trade tariff war continue to define the markets. The EURUSD trading pair was up by 0.1% and traded at 1.0395 at the time of writing. The DXY index, which weighs the US dollar…
The euro’s attempt to strengthen has been short-lived, with cautious ECB rhetoric and resilient U.S. data keeping buyers on edge. Earlier this week, the dollar weakened due to speculation that the Federal Reserve could relax policy later this year, yet hawkish remarks from Fed officials have constrained the decline for the greenback. Here’s what’s driving…
EURUSD will likely be the most volatile currency pair into the weekend with economic data from Germany and the US. EURUSD – Weekly Chart The price of the EURUSD exchange rate is hovering above the resistance at 1.1150. The next target to the upside would be at 1.1277. Investors could wait for confirmation on a…
What is EUR/USD EURUSD is the exchange rate value of one euro to US dollars. It indicates how many US dollars (USD) are needed to purchase one euro (EUR). For example, if the EUR/USD rate is 1.50, it means that 1 euro can be exchanged for 1.50 US dollars. EURUSD pair is the most traded…
The US central bank cut interest rates by 50 basis points on Wednesday but did not create volatility for the EURUSD exchange rate. EURUSD – Daily Chart The price of EURUSD was trading at the 1.1140 level where there is some resistance ahead of the larger 1.1277 barrier. There are supports at 1.10 and 1.06…
