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.
EUR/USD trades sideways as investors await the Jackson Hole symposium. With mixed Eurozone data and a resilient US dollar, markets look to Fed Chair Powell’s remarks for clues on future monetary policy and near-term currency direction.
US dollar remains steady in early Wednesday trading as EUR/USD holds near 1.08 supported by softer US data and ECB rate outlook. USD/JPY struggles above 160 amid intervention concerns while BoJ maintains cautious stance. AUD/USD sees limited movement ahead of key macro events. Traders await Fed signals for direction.
EUR/USD maintains gains as traders look ahead to Federal Reserve Chair Powell’s testimony. Technical signals point to further upside, supported by eurozone resilience and expectations of fewer Fed hikes. Eyes remain on policy cues that could shape the currency pair’s near-term direction.
European markets slipped as risk sentiment weakened amid concerns over sustained monetary tightening, geopolitical tensions, and disappointing corporate earnings. Investors are bracing for a higher-for-longer interest rate environment that continues to pressure growth stocks across the continent. Original article credit: Mamta Mayani, Seeking Alpha.
EUR/USD is building bullish momentum, trading above key moving averages and forming an inverse head-and-shoulders pattern. A breakout above 1.0930 could propel the pair toward the critical 1.1000 level amid weakening USD and supportive macro factors. #ForexAnalysis
European markets remain subdued as the seasonal summer lull continues, with low volumes and rangebound trading prevailing. Investors are cautious ahead of key risk events this week, including central bank meetings and critical inflation data, awaiting clearer direction before making significant moves.
EUR/USD is consolidating near 1.0900 after recent bullish gains. Traders await a breakout above 1.0950 for upside targets toward 1.1000 and 1.1070. Watch for support at 1.0840 and resistance at 1.0930 as monetary policy and US data influence price action. Trading with confirmation recommended.
EUR/USD står over for fortsat pres i 2024 på grund af forskelle i pengepolitik mellem ECB og Fed, faldende europæisk inflation samt geopolitisk usikkerhed. Mads Christiansens opdaterede analyse hos ProInvestor giver indsigt i, hvordan disse faktorer kan forme valutaparets udvikling fremover.
EUR/USD and GBP/USD recently dipped to their 200-hour moving averages, where buyers stepped in on the first test, suggesting these technical levels are providing key short-term support in the forex market. Traders will watch if this buying interest leads to a rebound or if the pairs test lower support zones.
Analysts forecast the euro gaining strength against the US dollar by 2026, with EUR/USD potentially climbing toward 1.24. Key drivers include shifting Fed and ECB policies, slowing US growth, and a resilient Eurozone recovery shaping a favorable outlook for the euro. Stay informed as these dynamics evolve.
