What to watch for on Tuesday, August 30: The dollar started the week strong, but ended the day with modest losses across the currency board. Market traders were caught between recession fears and hawkish politicians hinting at tighter monetary policies. Following the Jackson Hole Symposium, the odds of a 75 basis point US Federal Reserve […]
Tag: EURUSD
ECB: Inflation expected to remain high in the near term — Philip Lane
The chief economist of the European Central Bank (ECB), Philip Lane, on Monday that inflation in the eurozone is expected to remain high in the short term, but added that long-term inflation expectations remain close to 2%, Reuters reported. Commenting on the outlook for monetary policy, Lane explained that “it is important to maintain a […]
EUR/USD Price Analysis Have you made a provisional ceiling?
EUR/USD regains composure after earlier drop near 0.9900. Bullish attempts should find the initial hurdle near 1.0100. EUR/USD reverses early pessimism, including a test of the 0.9900 area on Monday. The recent failure to advance beyond 1.0100 leaves this region as a potential short-term top, while the 0.9900 neighborhood looks to offer decent enough containment […]
EUR/USD: The impact of energy on growth will limit the ECB’s ability to support the euro – MUFG
The current rise in gas prices in Europe has encouraged market participants to anticipate further tightening by the European Central Bank (ECB). However, according to economists from MUFG Bankthe Growth risks will keep the euro under pressure. Higher risks of the ECB defaulting on rate hikes compared to the Fed “If EUR/USD extends further lower […]
EUR/USD: Euro zone inflation data will only give euro limited support – Commerzbank
Some members of the council of the European Central Bank (ECB) also took advantage of the Jackson Hole symposium to convince the market of their efforts in the fight against inflation. Eurozone inflation data on Wednesday could support the euro, but to a limited extentreport economists from Commerzbank. “The ECB’s speech is more or less […]
EUR/USD will continue to slide towards 0.95 in the coming months – Danske Bank
The EUR/USD pair bounced on Friday amid signs of strength from the Federal Reserve and the European Central Bank (ECB), but ended the week below par. The Danske Bank economists expect the world’s most popular currency pair to extend its decline. Those responsible for the ECB warn that a “sacrifice” is necessary “The ECB appears […]
EUR/USD: We can see a sustained pullback below 0.9870 – UOB
Forex Strategists UOB Group, Quek Ser Leang, and Peter Chia, suggest that the EUR/USD You risk further losses if the 0.9870 level is breached. 24 hour outlook: “Last Friday we highlighted that the outlook for the euro was mixed and we expected the euro to trade within a range of 0.9925/1.0020. However, the euro rallied […]
EUR/USD Price Analysis: Powell fails to break markets, status quo targets 1.0120/50
EUR/USD bulls still in play despite Powell’s speech. The bulls can target 1.0120/50 as long as 1.0000/0.9980 holds. Federal Reserve Chairman Jerome Powell’s speech in jackson hole It did create some volatility, but nothing outside of daily ranges as it didn’t say anything significantly different than what Fed members have already been talking about. He […]
EUR/USD rises to fresh weekly highs, paring modest gains
EUR/USD hits a daily high of 1.0075, after sources report that ECB members are seeking a 75 basis point rate hike. The Fed’s favorite inflation gauge shows it’s slowing. FOMC Chairman Jerome Powell speaks at the Jackson Hole Symposium – live stream The shared currency regained parity, breaking back above the 1.0020 area on Friday, […]
EUR/USD will struggle to break above 1.00 – BBH
The EUR/USD it has tested parity but has failed to sustainably break that key level. The BBH economists they believe the pair is still on track to test the September 2002 low near 0.9615. European Central Bank Minutes underline its new standardization approach “EUR/USD should continue to struggle to advance above 1.00. We believe the […]
