Tag: EURUSD
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Euro Update: After the release of the EU GDP, the US CPI is looming, EUR/USD Holds Early Gains
Price, Chart, and Analysis for EUR/USD Seasonally adjusted GDP climbed by 0.1% in the Euro Area and held steady in the EU in the fourth quarter of 2022 compared to the third quarter. According to the official statement released by Eurostat, the European Union’s statistical agency, GDP increased by 0.3% in the third quarter of […]
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EUR/USD Forecast: Market Braces for Impact of US Inflation and EU GDP Data
Economic Releases and the EUR/USD Exchange Rate Fundamental Perspective Any possible positive swings in the EUR/USD exchange rate have been constrained by the present market environment, which is defined by a risk-averse attitude. This comes before tomorrow’s anticipated releases of statistics on US inflation and the EU’s GDP. Recently, the European Commission offered upbeat predictions […]
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Euro/US Dollar Exchange Rate: EUR/USD Advances Despite Germany’s Miss on Inflation
Euro to Dollar Exchange Rate (EUR/USD) Supported by ECB Rate Hike Bets On Thursday, the Euro to US Dollar exchange rate increased steadily. The EUR/USD was supported by persistent expectations on more rate increases from the European Central Bank (ECB). However, the return of risk appetite and lower-than-expected German inflation rates put pressure on the […]
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From Reversal to Range, Market Interest Increases as SPX Ebbs
Talking points on the EURUSD, range, futures, open interest, and sentiment: Behind the most liquid exchange rate in the world, traders had a lot to think about due to event risk, which included anything from the Fed and ECB rate decisions to the NFPs and ISM service sector ‘beats’. Despite this, there hasn’t been much […]
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EUR/USD Exchange Rates Tumble: German Recession Fears Spark a Shift in Global Risk Appetite
Exchange rates between the US dollar and the euro suffer as the US dollar increases globally As of Tuesday, the EUR/USD exchange rate was down by 0.4%, with the US Dollar rising as a result of a decline in global risk appetite. Poor industrial statistics in Germany increased concerns about a possible recession, which caused […]
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Trend Reversal in EURUSD Stalls Following Powell Remarks
Talking points about the dollar, interest rates, and FOMC Discussion Points The EURUSD hasn’t exactly been moving in a straight line during the previous four months, but with the release of the October nonfarm payrolls on November 4th, the bulls have mostly been in charge of the benchmark pair (NFPs). The market would eventually find […]
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Global Market Frenzy: Dollar, Gold, and Interest Rates in Focus as Fed Chairman Speaks
The Dollar Reverses Direction Treasury rates and the US dollar both witnessed a minor decline, which provided an opportunity for other G10 currencies to gain ground. Gold thus saw a chance to shine on Tuesday morning. However, the market’s course in February may be affected by the effect of last Friday’s strong jobs report. Rates […]
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EUR/USD Climbs to Seven-Month High, Defying Bearish Sentiment
Overview of EUR/USD Performance The recent expansion in the Eurozone economy was a major factor in the Euro’s victory against the US Dollar on Friday. A seven-month high of 50.3 was recorded in January by the most recent S&P Global Composite Purchasing Managers Index for the Eurozone, beating both December’s reading of 49.3 and the […]
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breaking news: ECB raises rates by 50 basis points, leaving EURUSD vulnerable
Key Points of the ECB Rate Decision: In accordance with forecasts, the European Central Bank increased interest rates by 50 basis points. In order to guarantee that inflation reaches its medium-term objective of 2% in a timely manner, the central bank anticipates raising rates further. The ECB has confirmed that it will raise interest rates […]