Approximately 22.7% of daily forex trades. This pair, often called “Fiber,” is the most traded due to the economic strength of the Eurozone and the United States, offering high liquidity and tight spreads.
The U.S. dollar rebounded strongly on June 14 after the University of Michigan Consumer Sentiment Index exceeded forecasts at 65.6. This upside surprise helped offset recent dovish inflation data and renewed dollar strength impacted major pairs including EUR/USD, GBP/USD, USD/CAD, and USD/JPY. Watch key technical levels as markets digest Fed policy signals and fresh economic data.
USD showed broad strength against major currencies for the week ending July 18, driven by solid US economic data and hawkish Fed comments. The euro, pound, and yen faced headwinds amid weaker overseas data. Full analysis by Adam Button, ForexLive via TradingView.
EUR/USD slips below 1.07 as reports emerge that former President Trump is advocating for higher tariffs on EU imports. Markets weigh potential trade tensions and their impact on eurozone exports and global economic outlook.
EUR/USD remains range-bound after the ECB holds policy steady, signaling patience despite economic risks. Meanwhile, political turmoil and tariff tensions driven by Trump keep markets volatile. Focus turns to upcoming US data and geopolitical developments as the pair searches for direction.
S&P 500 eyes new record highs above 6000 points as bullish momentum builds in 2024. Inflation easing, strong earnings, and a potentially dovish Fed support continued gains led by technology and broadening sector participation. Investors remain optimistic as the index breaks through 5300 and targets uncharted territory.
U.S. Dollar price action is showing mixed signals across key pairs as traders digest softer inflation data and Fed uncertainty. EUR/USD holds above 1.0600 support eyeing 1.0800 resistance. GBP/USD bounces from trendline near 1.2200 aiming for 1.2500. USD/JPY faces resistance around 145.50 amid BoJ policy watch. USD/CAD struggles below 1.3500 with oil prices in focus. Stay tuned for upcoming data and central bank cues. Analysis by James Stanley, Forex.com
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EUR/USD retreats amid reports that former President Trump seeks tougher US tariffs on European imports. Rising trade tensions weigh on the euro as investors favor the safe-haven dollar. Markets remain cautious amid the risk of renewed transatlantic trade disputes. Read more from XTB Market Analysis Team.
Citi Research revises its outlook on the yen as USD/JPY nears cyclical highs. Despite BoJ’s policy shifts, JPY stays weak amid yield differentials and persistent carry trades. Structural flows and global bond markets keep pressure on the yen, challenging expectations of sustained appreciation.
European markets closed higher as upbeat corporate earnings across banking and energy sectors shifted investor focus from inflation and policy worries. Strong profits helped ease concerns over economic growth and boosted optimism despite ongoing macro uncertainties.
