It’s a notion once thought impossible. As the British pound trades at its weakest level against the dollar in more than two years on Friday, some economists expect it could close in on parity with the...
Tag: EURUSD
EUR/USD forex signal as EU and US economy divergence widens
The EUR/USD price was stuck at the parity level after the latest US non-farm payrolls (NFP) data. The current price is in the range where the pair was in the past few days. It is also slightly above l...
EUR/USD forecast as bets against the euro rises
The EUR/USD price formed an inverted cup and handle pattern as bets against the euro continued. The pair dropped to a low of 0.9930 on Monday, which is close to this month’s low of 0.9900. It has fall...
The Fed isn’t pivoting. Why were stock investors the last to know?
After Friday’s brutal session for stocks, it appears equities were the last asset class to accept the notion that the Federal Reserve likely won’t be pivoting to a less aggressive monetary policy stan...
Where to Sell EUR-USD this Week Amid Resilience?
Investors are eyeing popular currency pairs like EUR-USD as the financial sector finds its rhythm. The EU nat gas prices are shifting higher with an increase in inventory levels. The week witnessed th...
Is it safe to buy EUR/USD after reaching the lowest in two decades?
The US dollar continues its rally against the euro as reflected by the EUR/USD exchange rate dropping to a two-decade low. The pair traded as low as 0.99 yesterday, in what seems to be an almost verti...
EUR/USD comes under selling pressure as bears target parity
The EUR/USD price dropped to an important support level as investors waited for the upcoming FOMC minutes and US retail sales data. It fell to a low of 1.0200, which was the lowest level since August ...
EUR/USD forecast as US sinks to a recession and EU confidence slips
The EUR/USD price dropped sharply on Thursday after economic data from the US showed that the economy sunk to a recession in the second quarter. The pair dropped to a low of 1.0110, which was sharply ...
EUR/USD Price Forecast – The Euro Has Initially Rallied During the Session Only to Give Up Gains
Euro vs US Dollar Technical Analysis The Euro initially tried to rally a bit during the session on Monday, as we continue to see a lot of volatility. That being said, the market certainly looks as if ...
EUR/USD price forecast amid dropping to parity
2022 has not been kind to EUR/USD bulls. The exchange rate just touched parity today for the first time in 20 years, and the sentiment remains bearish. Despite the European Central Bank (ECB)’s effort...
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed on the common c...
EUR/USD Weekly Price Forecast – Euro Gets Destroyed
Euro vs US Dollar Weekly Technical Analysis The Euro had a very difficult week, as we continue to see a lot of negativity out there, and I think it is probably only a matter of time before we see pari...
EUR/USD Price Forecast – The Euro Continues to Look Weak
Euro vs US Dollar Technical Analysis The Euro initially tried to rally a bit during the trading session on Thursday but gave back gains rather rapidly to show signs of weakness yet again. That being s...
EUR/USD Price Prediction – Flat After Producer Prices Report
Key Insights Euro Area PPI inflation was below analyst expectations in May. ECB will try to limit spreads between the bonds of the EU members, but it remains to be seen whether this financial operatio...
EUR/USD Forex Technical Analysis – Pressured by Pessimism about Outlook for Global Economy
The Euro is trading lower late in the session on Friday as pessimism about the outlook for the global economy boosted demand for the safe-haven U.S. Dollar. The single currency is hovering just above ...
EUR/USD price forecast amid inflation reaching 10.2% in Spain
The last trading week of June is a special one for FX traders. First, the trading month ends on Thursday, and so the volatility is expected to increase during the main fixing times. Second, June’s NFP...
EUR/USD Forex Technical Analysis – Lower after Lagarde Downplays Recession, Aggressive Rate Hikes
The Euro is edging lower on Tuesday after European Central Bank (ECB) President Christine Lagarde failed to deliver the hawkish outlook on interest rates that investors were expecting. Earlier in the ...
EUR/USD signal for July: bears to remain in control
As summer trading conditions affect financial markets, the week ahead may be different because volatility may rise. Despite Friday being the first trading day of the new month, the Non-Farm Payrolls r...
Asian markets mostly fall ahead of U.S. holiday
TOKYO (AP) — Asian markets were mostly lower in cautious trading Monday ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring...
Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions
European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Go...
EUR/USD Price Forecast – Euro Continues to Lose Ground
Euro vs US Dollar Technical Analysis The Euro has fallen again during the trading session on Monday as we continue to see a lot of risk appetite destroyed. At this point, the US dollar continues to be...
EUR/USD Forex Technical Analysis – Weakens Under 1.0519, Strengthens Over 1.0571
The Euro fell to a three-week low against the U.S. Dollar on Friday, after U.S. government data revealed U.S. consumer prices accelerated in May. The news drove Treasury yields and the dollar sharply ...
EUR/USD Weekly Price Forecast – Euro Continues to Fight
Euro vs US Dollar Weekly Technical Analysis The Euro has gone back and forth during the course of the weekends we continue to see a lot of volatility. The 1.08 level looks to offer quite a bit of resi...
EUR/USD Forex Technical Analysis – Rally Stalls after Hitting Short-Covering Rally Objective
The Euro is edging lower early Tuesday as U.S. Treasury yields rose for a third session. The move helped underpin the U.S. Dollar. Nonetheless, the single currency is still on course for its best mont...
EUR/USD Forex Technical Analysis – Bulls Facing Next Challenge at 1.0770 – 1.0868
The Euro edged higher on Friday, posting its second weekly advance as traders pared expectations for U.S. Federal Reserve interest rate hikes and as improving inflation and consumer spending data ease...
EUR/USD Price Forecast – Euro Continues to Threaten Resistance
Euro vs US Dollar Technical Analysis The Euro has rallied a bit during the trading session on Monday, reaching toward the 1.08 level, an area that has been important multiple times. At this point, I w...
EUR/USD Weekly Price Forecast – Euro Has an Explosive Week
Euro vs US Dollar Weekly Technical Analysis The Euro rallied rather significantly during the course of the trading week to break well above the 1.07 level. There is a significant amount of resistance ...
EUR/USD jumps as Lagarde hints at rate hikes
The FX trading week started with the common currency, the euro, rallying. Comments from the European Central Bank (ECB) head, Christine Lagarde, that the bank plans to exit negative territory this yea...
EUR/USD forecast as ECB member hints at a 0.50% hike
The euro went parabolic on Tuesday after the relatively hawkish statement by the Dutch central bank president. The EUR/USD pair rose to a high of 1.0545, which was the highest level since May 11th. It...
EUR/USD Price Forecast – Euro Continues to Attempt a Recovery
Euro vs US Dollar Technical Analysis The Euro has rallied ever so slightly during the trading session on Monday as we continue to see the Euro try to regain some footing. That being said, the market c...