EUR

The EUR/USD pair trades flat around 1.1625 during the early European session on Wednesday. Markets turn cautious ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday, in which a 25 basis points (bps) rate cut is almost fully priced in. The Fed is expected to deliver a further interest rate cut at its December […]

The EUR/USD pair gains ground to near 1.1645 during the early European session on Tuesday. The prospect of a US interest rate cut on Wednesday weighs on the US Dollar (USD) against the Euro (EUR). Traders will keep an eye on the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October […]

JP Morgan issued a recommendation for the EURUSD currency pair. The Bank recommends taking a long position on the pair with following levels: Entry: 1,1666 Target: 1.1800 Stop: 1.1590 JP Morgan recommends taking a long position on EURUSD at 1.1666 with a target of 1.1800 and a stop loss order placed at 1,1590. Source: xStation5 […]

Facts: Trade: LONG EURUSD at market price EURUSD (D1) Source: xStation5 Opinion: The Euro has strengthened against the dollar over the past year. This is a culmination of the dovish policy of the FED compared to the ECB. The market has already priced in at least 2-3 cuts of 25 basis points, but investors may […]

The EUR/USD pair edges lower during the Asian session on Thursday and erodes a part of the previous day’s strong gains to its highest level since October 17. Spot prices currently trade around the 1.1660-1.1655 region, though the downside seems limited amid a supportive fundamental backdrop. The US Dollar (USD) is attempting a modest recovery from […]

The EUR/USD pair extends its upside to around 1.1635 during the Asian trading hours on Wednesday. Signals that the European Central Bank (ECB) is done cutting interest rates provide some support to the Euro (EUR) against the US Dollar (USD). ECB President Christine Lagarde noted last week that borrowing costs are at the “right level.”   The ECB is anticipated […]

The EUR/USD pair extends its upside to near 1.1615 during the Asian trading hours on Tuesday. The US Dollar (USD) weakens against the Euro (EUR) as weaker-than-expected US Manufacturing PMI data heaps pressure on the Federal Reserve (Fed) to cut interest rates later this month.   Data released by the Institute for Supply Management (ISM) on Monday revealed that US manufacturing contracted for […]