EUR/USD is trading right above 1.1600 at the time of writing on Friday, practically flat on the daily chart and on track to complete a three-week lowing streak. The pair depreciated 0.34% the previous day, as strong US employment and manufacturing reports cemented the view that the Federal Reserve (Fed) will keep interest rates unchanged in the coming months. Economic […]
The EUR/USD pair edges higher to near 1.1655 during the early European session on Monday. The US Dollar (USD) softens against the Euro (EUR) amid renewed concerns over US Federal Reserve (Fed) independence. Traders await the US Consumer Price Index (CPI) inflation report on Tuesday. Fed Chair Jerome Powell said in a statement that the US Justice Department has threatened criminal charges […]
The EUR/CAD pair oscillates in a range around mid-1.6100s through the early European session on Friday, though it seems to have stalled the previous day’s modest pullback from over a three-week high. Spot prices, however, lack any firm intraday direction as traders opt to wait for the release of Canadian monthly employment details before placing […]
EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. The 14-day Relative Strength Index (RSI) momentum indicator at 39 (bearish) trends lower, confirming fading momentum rather than oversold conditions. The technical analysis of the daily chart shows that the EUR/USD pair sits beneath the nine- and 50-day Exponential Moving […]
The EUR/GBP pair recovers its early losses and trades marginally higher to near 0.8680 during the late Asian trading session on Thursday. The pair gains as investors brush off soft Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for December. Eurostat reported on Wednesday that the headline HICP grew at an annualized pace of 2%, as expected, slower […]
EUR/CAD extends its gains for the fourth successive session, trading around 1.6200 during the Asian hours on Thursday. The currency cross advances as the commodity-linked Canadian Dollar (CAD) comes under pressure after US President Donald Trump signaled efforts to restore Venezuelan crude imports, stoking concerns over increased supply and tougher competition for Canadian oil demand. […]
EUR/JPY trades around 182.90 on Wednesday at the time of writing, down 0.10% on the day. The cross remains under pressure as the Japanese Yen (JPY) benefits from a more defensive market environment, amid rising geopolitical tensions in Asia and continued firm signals from the Bank of Japan (BoJ). On the European side, the latest […]
EUR/USD is practically flat, trading at 1.1685 at the time of writing, with the bearish bias from December highs intact. Trading ranges remain tight on Wednesday with investors awaiting the release of a string of key US employment figures, largely unfazed by the growing geopolitical tensions after the intervention in Venezuela. The Euro (EUR) extended its […]
EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October. Monthly Retail Sales fell 0.6% in November, against a 0.3% decline […]
The EUR/GBP cross trades on a flat note near 0.8655 during the early European trading hours on Tuesday. However, the potential upside for the cross might be limited as the Bank of England (BoE) guided that the monetary policy will remain on a gradual downward path, lifting the Pound Sterling (GBP). The preliminary reading of the German […]