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The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks byย Federal Reserveย (Fed) Chair Kevin Warsh.ย Fed Chairman said on Friday at the Jackson Hole economic […]
Dollar and Treasury yields rise on the hawkish tone of Fed Chair Kevin Warshโs Jackson Hole remarks EURUSD is falling following the release of Fed Chair Kevin Warshโs speech and during his remarks, as markets interpreted his message as clearly hawkish. The key point was not that Warsh explicitly signaled a rate hike, but rather […]
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warshโs speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursdayโs highs right below 0.8580, with the weekly chart showing marginal gains. […]
All ECB policymakers agreed to leave rates unchanged at the July meeting, following the first rate hike since 2023 in June, citing elevated uncertainty and the fact that the full inflationary impact of the energy shock had yet to emerge, according to the latest minutes. However, some said they would not have opposed another hike, […]
EUR/JPY gains ground after posting minor losses in the previous day, trading around 185.70 during the Asian hours on Thursday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias. The EUR/JPY cross is maintaining a bullish near-term bias as it […]
Tuesdayโs EURUSD session is seeing the dollar strengthen slightly, but the situation in the foreign exchange market remains much more complicated than it was just a few days ago. The euro-dollar pair has pulled back from around 1.17, but a number of developments are emerging in the background that could have a much greater impact […]
EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias. The EUR/JPY cross is maintaining a bullish near-term tone as it holds above both the nine-day and 50-day […]
EUR/USD trades flat on Monday as the US Dollar (USD) steadies and markets settle into a calmer tone following the sharp volatility triggered by the US Treasuryโs surprise buyback announcement last week. At the time of writing, the pair trades around 1.1670, hovering near levels last seen in mid-May. The US Dollar Index (DXY), which […]
EUR/USD remains stronger for the fourth successive trading day, hovering around 1.1680 during the Asian hours on Monday. The currency pair holds its ground as the US Dollar (USD) struggles under pressure from newly announced United States (US) fiscal moves. The Treasury Department surprised financial markets by pledging to at least double its buybacks of longer-dated […]
EUR/USDย heads for a fourth consecutive weekly gain on Friday, although it has erased its earlier intraday advance. At the time of writing, the pair trades around 1.1682 after briefly rising above 1.1700, its highest level since May 14. Strategists at Scotiabank note that the โsolid gains in the EURย this weekย largely reflect a broadly lower USD.โ […]
