All Articles Tagged - EURUSD

Is inflation about to fall off a cliff? – Special Report

Posted on June 14, 2023 at 12:56 pm GMT

Inflation may have finally peaked around the world, but central banks remain on alert amid an uptick in some countries and the stickiness of underlying price measures in others. Whilst the view that inflation will continue to decline in the coming months hasn’t changed, policymakers are concerned that it’s not coming down fast enough, and this raises the risk that inflation expectations may start to become unanchored. But what if the risk of that happening isn’t very high at all [..]

Daily Market Comment – Inflation data pushes dollar lower ahead of Fed decision

Posted on June 14, 2023 at 7:56 am GMT

Dollar slides as CPI numbers increase Fed skip chances Fed decides today, spotlight to fall on dot plot Wall Street extends rally after soft inflation prints US CPI data enhance the case for a Fed skip The dollar traded lower yesterday after data showed that US consumer prices barely rose in May, taking the headline year-on-year rate down to 4.0% from 4.9%. That was the smallest increase in more than two years, adding to the view that the Fed is [..]

ECB policy meeting: More rate hikes to come – Forex News Preview

Posted on June 13, 2023 at 3:21 pm GMT

An inflation peak is not enough for central banks to stop raising interest rates. The Reserve Bank of Australia and the Bank of Canada resumed their rate hike strategy unexpectedly last week for the sake of their inflation target, having previously pledged a pause. The European Central bank (ECB) could follow suit on Thursday at 12:15 GMT, but the announcement might not surprise investors, with guidance on future rate increases likely attracting the most attention. Pause not in sight as [..]

Technical Analysis – EURUSD gains on soft CPI, Fed and ECB decisions in sight

Posted on June 13, 2023 at 1:24 pm GMT

EURUSD had been repeatedly rejected just shy of the 1.0800 region in the past few days. However, a softer-than-expected US CPI print released earlier today enabled the pair to cross above that tough barrier, but bulls should not get excited just yet. The momentum indicators currently suggest that bullish forces are strengthening near their overbought zones. Specifically, the MACD jumped above its red signal line to its highest level since April 27, while the RSI has eased slightly below its 70-oberbought [..]

Daily Market Comment – Dollar slips, stocks soar ahead of US inflation report

Posted on June 13, 2023 at 8:33 am GMT

All eyes on US inflation data today, could influence Fed decision Dollar slips, sterling jumps after jobs data, stocks power higher China cuts interest rates, crash in oil prices warns of soft demand US inflation in focus Global markets are about to encounter turbulence today with the release of the US CPI report for May. Economist forecasts suggest the headline and the core CPI rates are due to decline in yearly terms, mostly thanks to lower energy prices and base [..]

Technical Analysis – EURUSD faces tough barrier near 1.0800

Posted on June 12, 2023 at 12:50 pm GMT

EURUSD has been experiencing a downside correction after peaking at the 13-month high of 1.1094 in late April. In addition, the pair sliced through both its 50-day simple moving average (SMA) and the ascending trendline that connected its lows since September 2022, while its latest attempts for recovery have been repelled just shy of the 1.0800 region. The momentum indicators are reflecting a cautiously bullish near-term bias. Specifically, the stochastic oscillator is ascending steeply near its 80-overbought zone, while the RSI [..]

Weekly Technical Analysis: 12/06/2023 – US 500, EURUSD, USDJPY

Posted on June 12, 2023 at 12:44 pm GMT

It will probably be the most important week of June as the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BoJ) will review their rate policy amid an uncertain global macroeconomic environment. The decision might be a close call between a pause or another rate hike for the Fed if Tuesday’s CPI inflation figures surprise to the upside. On the other hand, investors are certain that the ECB will deliver another rate hike, while the [..]

Daily Market Comment – Markets calm before the central bank storm

Posted on June 12, 2023 at 8:30 am GMT

Massive week begins, featuring rate decisions in US, Europe, and Japan US inflation report also on tap tomorrow, could influence Fed decision Yen hits seven-year low against pound, Turkish lira goes into freefall Calm ahead of key events A bombshell week lies ahead for global markets. Interest rate decisions in the United States, Eurozone, and Japan will almost certainly fuel volatility in every asset class, especially if the rhetoric of these central banks deviates from the prevailing market consensus. In [..]

Week Ahead – Fed, ECB, and BoJ meet after US inflation report

Posted on June 9, 2023 at 10:26 am GMT

A bombshell week is coming up, featuring rate decisions in the United States, Eurozone, and Japan. The Fed is likely to ‘pause’ according to market pricing, but the decision might ultimately depend on the inflation stats that will be released the previous day, fueling volatility in the dollar. By contrast, there isn’t much scope for surprises in Europe or Japan, leaving those currencies mostly in the hands of other forces. Split Fed decision? It will be a difficult decision for [..]

Will the Fed pause after 10 straight hikes? – Forex News Preview

Posted on June 9, 2023 at 9:46 am GMT

The FOMC will announce its interest rate decision on Wednesday at 18:00 GMT, with most market participants anticipating the Committee to hit the brakes on rate increases for the first time since March 2022. Having said that, market expectations could very well change just the day before the decision, when the US CPIs for May are due out, thereby impacting the way the dollar may react to the outcome of the meeting. So, what could officials decide and how may [..]

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