EUR/USD, Oil Forecast: Two trades to watch
EUR/USD is set for a weekly gains; German data is in focus. Oil is on track for a weekly loss on worries of high rates for longer.
EUR/USD analysis: Dollar weakness could be temporary
Eurozone PMIs mixed as focus turns to US data. The dollar weakness is not fundamentally justified, though, which means the EUR/USD may weaken again. EUR/USD technical analysis: 1.0890-1.0900 is key resistance
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD holds above 1.26 ahead of the FOMC minutes. EUR/USD holds above 1.08 as it waits for Fed minutes, eurozone consumer confidence.
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EUR/USD, FTSE 100 Forecast: Two trades to watch
EUR/USD inches higher but lacks conviction. FTSE 100 struggles as miners fall.
JPY futures near sentiment extreme, USD set to retrace? COT report
With the USD showing signs of a potential pullbacks and JPY futures nearing a potential sentiment extreme, USD/JPY may well struggle to break and hold above 152. EUR/USD also looks set to bounce despite lower net-long exposure, and gold future may struggle to hold above $2000 given the rise in short and trimming of long bets.
EUR/USD Forecast: Can PMIs Break the Bearish Trend?
For this week, Eurozone PMIs and central bank speakers will be the big focus - see the key levels to watch on EUR/USD!
Euro Price Outlook: EUR/USD Breakdown Pulls Back as USD Holds 105
Euro bears have been persistent so far this year, but they’ve also shown a degree of hesitancy on tests of fresh lows as the longer-term range remains in-play.
EUR/USD analysis: Hawkish Lagarde underpins euro ahead of key US data
Christine Lagarde emphasises increasing significance of wages in driving inflation, with US dollar weakening as risk appetite improves ahead of US data dump and following its sharp CPI-related gains on Tuesday.
U.S. Dollar Price Action Webinar: DXY, Gold, Bitcoin, FX Majors
The U.S. Dollar set another fresh high yesterday, extending the bullish structure that’s priced in so far this year.
EUR/USD: Dangling precariously as supports give way
There’s now a very real possibility the ECB will cut interest rates earlier and more aggressively than the US Federal Reserve this year, putting EUR/USD under the pump and eyeing more downside.
U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.
EUR/USD weekly reversal signals potential directional shift
US economic exceptionalism is back. US bond yields are rising as Fed rate cut bets are slashed. For an economic block with so much pessimism factored into the outlook, it’s a backdrop in which EUR/USD should be getting battered. But it’s not.
EUR/USD, US dollar, Dow Jones, crude oil analysis: COT report
Traders increased their bearish exposure to EUR/USD futures at their fastest pace in 20 months last week, and large speculators increased their net-long exposure to US dollar index futures despite being on the cusp of flipping to net-short exposure the week prior.
EUR/USD outlook: Forex Friday – February 9, 2024
Welcome to another edition of Forex Friday. In this week’s report, we will discuss the US dollar, upcoming data releases from the US next week, and why we think the EUR/USD is heading lower. In short, a sluggish Eurozone economy is holding back the euro, while hawkish Fed keeps US dollar underpinned ahead of CPI and retail sales and other data highlights next week.
EUR/USD, GBP/USD, USD/JPY: What 40+ Years of Fed Rate Cuts Tell Us About Trading Forex
Perhaps contrary to popular opinion, the start of a new Fed rate cut cycle has NOT been a consistent bearish catalyst for the US dollar. Read on to for more!
Dollar and EUR/USD analysis – February 7, 2024
Dollar weakness is lacking fundamental justification, with the Dollar Index looking to bounce back as it tests key support, while EUR/USD is back to probe broken support at 1.0780, which could turn into resistance.
EUR/USD and US Dollar analysis: Technical Tuesday – February 6, 2024
In this shortened edition of Technical Tuesday, we will get technical on the EUR/USD analysis as the pair continues to show bearish price characteristics, while the Dollar Index is continuing to push higher following robust data and hawkish Fed signals.
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EUR/USD, GBP/USD extend NFP losses, focus now on ISM, Fed and BOE
The US dollar extended Friday's NFP gains in Asia's Monday trade. But with an ISM services report and central bankers on tap, EUR/USD and GBP/USD show the potential to recoup some of their earlier losses.
Euro Forecast: EUR/USD Downtrend to Extend to New 2024 Lows?
EUR/USD’s path of least resistance remains to the downside, with potential for the selling to accelerate toward 1.0700 depending on economic data...
EUR/USD holds key support ahead of NFP, US dollar on the ropes
The US dollar was lower across the board after traders digested the latest Fed meeting and are now focusing on four cuts this year, beginning in May. EUR/USD is just one of several pairs to form engulfing days against the US dollar.
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD falls post Fed rate decision and ahead of the BoE announcement. EUR/USD dropped to a 7-week low after the Fed dampened March rate cut bets and ahead of Eurozone inflation data.
EUR/USD, USD/JPY, gold analysis heading into FOMC
Implied volatility levels for gold, USD/JPY and EUR/USD are elevated heading into this month’s FOMC meeting, where traders are hoping for clues on future Fed policy.
Euro to US dollar analysis: EUR/USD rebounds as focus shifts towards FOMC
EUR/USD traders’ focus turns to US data and FOMC. Today saw the EUR/USD bounce back as German GDP weakness was offset by stronger data from Spain, Italy and France.