The euro traded at 1.1192 against the dollar on Wednesday, October 7, reflecting a decline of 71 pips or 0.63% from Tuesday’s close of 1.1263. The session range extended from 1.1266 at its peak to 1.1186 at its trough. That low stands 26 pips above Monday’s 1.1160 trough, marking the weakest level for the single … Read more
The euro commences the concluding week of September at a disadvantage. EUR/USD is currently at 1.1377, reflecting a decline of 0.13% from the previous session. Throughout the Asian and European mornings, the pair has fluctuated between a one-month low of 1.1360 and the 1.1400 threshold. The pair has not maintained a position above 1.1400 since … Read more
The EUR/USD pair fluctuated within the range of 1.1375 to 1.1385 on Thursday, marking a continuation of its decline for a third consecutive session and reaching its lowest point since July 28 during the Asian trading hours. The pair has now declined in seven of the past nine sessions, with the euro depreciating by 2.53% … Read more
EUR/USD is experiencing upward momentum, approaching 1.1475 during the early European session on Tuesday. The negative tone of the pair persists beneath the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is positioned at 1.1445, while the first upside barrier is identified at 1.1545. The EUR/USD pair is currently positioned in positive … Read more
EUR/USD remains constrained beneath 1.1500, thereby exposing the 1.1450 support area. Fed’s Goolsbee reiterated that the US faces an inflation issue, suggesting the possibility of additional rate hikes in the future. In Europe, the increasing uncertainty in Germany has counterbalanced the favourable effects of declining oil prices. The Euro is consolidating last week’s decline against … Read more
EUR/USD records slight increases around 1.1480 during the early Asian trading session on Friday. Easing Treasury yields and a pullback in oil are exerting downward pressure on the US Dollar. ECB policymakers perceive a heightened risk of inflationary pressures. The EUR/USD pair is experiencing modest gains, hovering around 1.1480 in the early hours of the … Read more
The EUR/USD exchange rate declined to 1.1536 on Tuesday, reflecting a decrease of 0.11% for the session and marking the continuation of a four-day losing streak. The euro has experienced a decline in each session following the European Central Bank’s rate hike last Thursday, closing on Monday at approximately 1.1550, reflecting a decrease of 0.42%. … Read more
EUR/USD stabilises around 1.1610 during the early Asian session on Friday. The ECB has increased its key deposit rate by 25 basis points to 2.50%, a decision that was largely anticipated by market participants. Markets are currently reflecting a 70% probability of a Federal Reserve rate increase in September. The EUR/USD pair remains stable at … Read more
EUR/USD trades at 1.16298, reflecting an increase of 0.0005 or 0.05%, with the emphasis on the lack of significant movement. The pair has appreciated by 0.76% over the past month, while it has depreciated by 0.62% over the course of twelve months. During a session in which Brent reached $101, the U.S. 10-year yield registered … Read more
The EUR/USD stands out as our currency pair of the week, primarily because the ECB’s policy decision is positioned between two significant US inflation data releases. However, with a sparse calendar in the initial days of the week, traders will derive their insights from oil prices, which are on the rise due to the increasing … Read more
