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.
Following Jerome Powell’s hawkish speech at Jackson Hole, the US dollar surged to its highest level since June as markets price in the Fed’s commitment to higher rates for longer to combat persistent inflation. Treasury yields also climbed, reflecting confidence in sustained restrictive policy.
Political uncertainty in France after Macron’s snap election and growing US election risks are set to increase FX market volatility. The euro faces pressure amid fears of a fractured parliament while the dollar gains on risk aversion and higher yields. Watch key currency pairs for heightened swings in the coming months.
EUR/USD remains in consolidation as key support near 1.0800 holds but downside risks grow. Technical signals show weakening bullish momentum while ECB and Fed policy divergence keeps traders cautious. Watch 1.0780 for potential breakdown and 1.0880 for a bullish rebound opportunity. Full analysis by FXStreet on Mitrade.com.
The US dollar is strengthening amid hawkish Federal Reserve signals, putting pressure on the Japanese yen and euro. Diverging central bank policies and uneven economic data are driving volatility as investors price in prolonged US rate hikes while questioning further tightening in Japan and Europe. Currency markets remain watchful for policy shifts.
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Adapted and expanded from an article by Justin Low | Source: ForexLive via TradingView
Federal Reserve Chair Jerome Powell’s dovish comments triggered a decline in the US dollar, causing EUR/USD to break above key technical levels. The pair surpassed its 100- and 200-day moving averages, signaling bullish momentum. Technical indicators including RSI, stochastic, and MACD support continued upside potential, with immediate support near 1.0800 and resistance around 1.0900. Traders are reevaluating rate expectations as Powell’s tone suggests a more cautious approach to future hikes. Watch for price action around psychological and longer-term resistance levels as market sentiment evolves.
The new trading week kicks off with broad USD strength across major pairs. The dollar gains particularly versus commodity currencies and the yen, supported by higher US yields and technical momentum. EUR/USD and GBP/USD hover below key moving averages, while USD/JPY breaks resistance toward 2023 highs. Traders watch key levels and await upcoming US data for directional cues.
Gold is showing strong bullish momentum, supported by rising EMAs and bullish candlesticks while testing resistance near $1,980. Key levels to watch include $2,000 psychological barrier and $2,070 all-time highs. Technical and macro factors suggest continued upside as traders eye safe-haven demand amid policy uncertainty and inflation trends. #GoldForecast #XAUUSD
EUR/USD remains range-bound between 1.0880 support and 1.0950 resistance as markets await key US and Eurozone data. Technical indicators suggest consolidation while traders monitor central bank signals and economic releases for breakout direction.
As August closes, EUR/USD traders face a critical week of data including U.S. job openings, Eurozone inflation, and key inflation indexes. Market moves will hinge on signals from Fed and ECB policy outlooks, with potential volatility as investors seek clarity on rate paths and economic momentum.
