All Articles Tagged - EURUSD

Market Comment – Geopolitics and Fedspeak keep stocks under pressure

Posted on April 17, 2024 at 8:22 am GMT

Stocks remain under pressure as Fedspeak and US data dent rate cuts chances Dollar remains dominant against both the euro and the yen UK inflation surprises on the upside; the pound tries to rally A plethora of Fed, ECB and BoE speakers to keep the market on its toes today Stocks remain under pressure across the globe The market’s attention remains firmly on Middle East developments. With Israel opting for a low-key verbal reaction over the past 24 hours, the [..]

Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch

Posted on April 16, 2024 at 8:02 am GMT

Volatility remains extremely high across the FX spectrum Commodities volatility reaches new highs; Bitcoin poised for smaller moves Equities volatility is off the charts led by the S&P 500 and DAX 40 indices Volatility in EUR/USD remains very high as the pair recorded a decent weekly drop following the stronger US CPI data. Geopolitical events have also played a crucial role in pushing volatility higher in the remaining currencies, including the yen crosses, with the market now looking for bigger [..]

Technical Analysis – EURUSD dives further near 1.0600

Posted on April 16, 2024 at 7:11 am GMT

EURUSD challenges new 5-month low Penetrates symmetrical triangle to the downside MACD and RSI continues bearish momentum EURUSD has been losing more than 2.5% since the pullback from the 1.0880 resistance level and is challenging a new five month low around the 1.0600 handle. The market has been experiencing a strong sell-off over the last five days, switching the short-term outlook to bearish. Technically, the RSI is holding beneath the 30 level, while the MACD is standing beneath its trigger [..]

Week Ahead – More inflation data on the way as rate cut bets thrown into disarray

Posted on April 12, 2024 at 10:53 am GMT

CPI numbers due in the UK, Japan, Canada and New Zealand China to also come into the spotlight as Q1 GDP eyed US retail sales to kickstart the week as earnings season gets underway CPI figures to headline UK data flurry After yet another hot CPI report in the United States, inflation data will remain at the forefront of the upcoming week’s releases, including in the United Kingdom. But first up on the UK agenda will be the February employment [..]

Technical Analysis – EURUSD plummets after US CPI and ECB decision

Posted on April 12, 2024 at 9:26 am GMT

As US CPI comes hotter than expected EURUSD tumbles After ECB interest rate decision EURUSD continues the fall Where is the next stop for the pair? How did EURUSD reacted after the US CPI release on Wednesday and the ECB interest rate decision on Thursday? EURUSD fell more than 100 pips after the US CPI data Since June 2023, both consumer price index (CPI) and producer prices have been relatively stable without significant changes. In addition, a crucial measure of [..]

Will US retail sales add juice to the dollar’s rally? – Preview

Posted on April 12, 2024 at 8:30 am GMT

US retail sales will hit the markets at 12:30 GMT Monday Early Easter holiday likely boosted consumer spending Another solid dataset could put more wind in the dollar’s sails US economy outperforms By most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, which has helped bolster consumer demand and in the process, reignited inflationary pressures. The Atlanta Fed estimates real economic growth hit an annualized pace of [..]

Market Comment – Dollar pulls back; ECB sends clearer cut signals

Posted on April 12, 2024 at 8:05 am GMT

Dollar takes a breather, but Fed bets remain unchanged Euro suffers as ECB points to June rate cut Yen intervention warnings intensify S&P 500 and Nasdaq rebound, gold hits fresh record high Fed officials say rate cut not imminent The US dollar pulled back against most of its major peers yesterday, taking a breather following Wednesday’s CPI-related rally, perhaps as the softer-than-expected PPI numbers allowed traders to lock in some profits. Having said that though, the market’s perception about how [..]

What’s behind the US economy’s resilience? – Special Report

Posted on April 11, 2024 at 8:23 am GMT

US economy is still sizzling, outperforming other regions Several factors behind this strength, such as heavy public spending For US dollar to enjoy a massive rally, it may also need risk aversion Why is the US economy still so strong? One of the most striking developments over the past year has been the extraordinary resilience of the US economy, despite the highest interest rates in a generation. The United States grew 2.5% last year, much faster than any other [..]

Market Comment – Dollar surges across the board on hot inflation data

Posted on April 11, 2024 at 7:37 am GMT

Dollar rallies on hotter-than-expected US CPI numbers Dollar/yen breaks above 152 and triggers fresh warnings BoC opens the door to June rate cut ECB to stand pat; likely to signal June cut as well Is June off the Fed’s rate-cut map? The US dollar skyrocketed yesterday against all its major peers as the US CPI data for March revealed hotter-than-anticipated inflation. Investors rushed to scale back their rate cut bets, taking the probability of a June cut down to 20% [..]

Market Comment – Dollar and equities trade higher in anticipation of US CPI release

Posted on April 10, 2024 at 8:05 am GMT

US dollar and stocks are in the green today ahead of the key US CPI report All eyes will be on equites if CPI surprises on the upside RBNZ remains hawkish; BoC could show a dovish tilt Dollar and stocks in the green ahead of US CPI The US dollar is higher today as the market is preparing for this week’s key event. While Thursday’s ECB meeting is crucial, today’s US inflation report could determine the wider market performance until [..]

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