Tag: Euro Price

February 23, 2024

German GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]

July 6, 2023

The economic situation in Europe continues to deteriorate as the latest data points: Eurozone retail sales and German construction PMIs disappoint. Retail sales in the Eurozone during the month of June was flat despite forecasts of a modest 0.2% improvement […]

March 10, 2023

The euro gathered some support this Friday morning with a marginally weaker USD and better than expected German CPI data (see economic calendar below). Although actual numbers printed in line with forecasts, the 8.7% figure highlights the elevated and stubborn […]

September 27, 2022

EURO FUNDAMENTAL BACKDROP The euro found some support this Tuesday after a poor performance against the greenback yesterday. The euro remains vulnerable to downside risk as fundamental headwinds significantly outweigh any sort of positivity at the moment as the eurozone […]

September 20, 2022

EURO FUNDAMENTAL BACKDROP The euro has managed to pull itself above parity once more against the greenback despite quite shocking German PPI data for August (see economic calendar below). EUR/USD ECONOMIC CALENDAR Looking at the PPI comparison with and excluding […]

June 17, 2022

The eurozone core inflation print came in as expected at 3.8% (see calendar below) for the month of May which bolstered euro upside post-release after a negative start to the European trading session. We can expect this to continue to […]

June 8, 2022

Money markets are becoming increasingly optimistic about a more aggressive European Central Bank (ECB) tomorrow after adding a few extra basis points yearly forecast. There has been much talk around a 50bps rate hike in July and rumors of a […]

June 6, 2022

The euro opened stronger on Monday despite rising tensions between Russia and Ukraine after the Asian session fed off the risk on mood post-Chinese PMI. Although the economy remains in a contractionary state, both composite and services improved on the […]

June 1, 2022

The euro has enjoyed some much needed respite since mid-May after extended long positioning on the U.S. dollar faded. Yesterday’s oil embargo on Russia has now heightened fears of further downward growth revision within the euro zone despite inflation data […]

May 16, 2022

The European Commission’s Spring Forecast for 2022 revised Eurozone inflation upward to 6.1% in 2022 as expected with forecasts expected to decline to 2.7% in 2023. Growth projections in the region were subsequently lowered to 2.3% from 2.7% in February. […]

April 15, 2022

Euro plunged more than 1.3% against the US Dollar today with the post-ECB sell-off driving EUR/USD into fresh yearly lows. That said, we have yet to validate a break of support with an extended holiday break on the horizon- looking […]

April 1, 2022

EUR/USD struggles to retain the advance from earlier this week after testing the 50-Day SMA (1.1173), and fresh data prints coming out of the US may drag on the exchange rate as the US Non-Farm Payrolls (NFP) report is anticipated […]

March 17, 2022

Euro rallied more than 1.9% against the US Dollar since the start of the week with EUR/USD surging on the heels of yesterdays FOMC interest rate decision. The bulls haven’t grasped control just yet as the rally keeps price within […]

March 7, 2022

The Euro is hitting fresh multi-month lows against a rampant US dollar and is testing the 108.00 big figure as the ongoing Ukrainian crisis continues to unfold in the foreign exchange market. With little in the way of technical support, […]

February 10, 2022

Euro surged more than 3% off the January lows against the US Dollar with EUR/USD threatening a breakout today on the heels of a hotter than expected US inflation print today. January CPI recorded another 40-year high with headline inflation […]

November 17, 2021

The tumble in EUR/USD that has taken it from a high of 1.2266 on May 25 to only just above 1.13 now shows no sign of ending anytime soon. Indeed, the price has now broken below the support line connecting […]