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Tag: euro


Finance Tech, Liquidity

Euro (EUR) Latest: EUR/USD Treads Water Ahead of FOMC and US Data Releases

November 23, 2022

Via: DailyFX

The latest Euro Area flash PMIs beat to the upside this morning but still remain entrenched in contractionary territory. The data suggests the Euro Area economy shrinking by around 0.2% in Q4, and while November’s figures were better-than-expected, a recession […]


Finance Tech, Liquidity

EUR/USD Technical Outlook: Trading Around Long-term Resistance Levels

November 15, 2022

Via: DailyFX

Last week EUR/USD exploded higher on the US CPI release, and with the surge the outlook for a bear-flag to continue developing went out the window. Heading into the release it was a scenario I had painted, and was clearly […]


Finance Tech, Liquidity

Euro Holds High Ground as US Dollar Sidelined Ahead of Mid-Terms. Higher EUR/USD?

November 8, 2022

Via: DailyFX

The Euro has held onto gains against the US Dollar made since last Friday after favourable data yesterday and ahead of today’s mid-term elections. Swiss jobs data and German industrial production figures helped to underpin EUR/USD into the New York […]


Finance Tech, Liquidity

Euro Price Forecast: Fed to Out-Hawk ECB Leaving EUR Exposed

September 14, 2022

Via: DailyFX

EURO FUNDAMENTAL BACKDROP Yesterday’s U.S. inflation beat so global markets reverse expectations around a less aggressive Federal Reserve bringing the EUR/USD currency pair all the way back below parity. The previous hawkish meeting by the European Central Bank (ECB) was […]


Finance Tech, Liquidity

Euro Holds the High Ground Ahead of US CPI. Will EUR/USD Break Topside Resistance?

September 13, 2022

Via: DailyFX

The Euro has mostly held onto recent gains as the European Central Bank’s Isabel Schnabel reiterated hawkish weekend comments by fellow ECB board member and Bundesbank President Joachim Nagel over the weekend. The single currency was further aided by the […]


News

Breaking News: German ZEW Economic Sentiment Drops to Levels Last Seen in 2008

August 16, 2022

Via: DailyFX

ENERGY COSTS TO EAT INTO BOTTOM LINE Stubbornly high inflation and anticipated increase in energy costs is expected to weaken profits in the private consumption sector Already weak economic growth expected to decline further However, expectation for the financial sector […]


Capital, Finance Tech

Euro Breaking News: German and EZ PMI’s Touch Contractionary Territory, Parity Resurgence?

July 22, 2022

Via: DailyFX

The euro began its descent today beginning with French PMI’s missing estimates followed by German data which often services as a barometer for the entire EU region. Unsurprisingly, EZ PMI’s followed suite (see economic calendar below), augmenting the weaker euro. Manufacturing and services fell across […]


Finance Tech, Liquidity

Defining Week for the Euro: ECB Lift-Off, CPI and Bond Market Jitters

July 18, 2022

Via: DailyFX

ECB to Finally Achieve Lift-off This week Thursday we have the European Central Bank (ECB) rate decision on hand. The much anticipated 25 basis point hike has been communicated extensively by ECB Governing Council members for many weeks now but […]


Finance Tech, Trading

Global shares fall as investors await US inflation update

July 12, 2022

Via: ABC News

Global shares mostly fell Tuesday after a slump on Wall Street erased recent gains. U.S. futures and oil prices also declined. Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are […]


Finance Tech, Liquidity

EUR/USD Price Forecast: Euro Ekes Out Marginal Gains Ahead of ECB Minutes

July 7, 2022

Via: DailyFX

The euro has been under significant pressure ever since global recessionary fears gripped markets causing price to pierce through multi-decade lows. This morning, the euro clawed back some of its recent losses after the FOMC minutes yesterday saw Federal Reserve […]


Finance Tech, Trading

Global benchmarks mixed as euro hovers at 20-year low to USD

July 6, 2022

Via: ABC News

Global shares were mixed Wednesday as European benchmarks rose in early trading despite looming worries about a global recession that have pushed the euro to a 20-year low against the U.S. dollar. Asian markets finished mostly lower. Oil prices recouped […]


Finance Tech, Liquidity

Euro Price Forecast: Some Respite for EUR/USD as EU Core Inflation Remains Elevated at 3.8%

June 17, 2022

Via: DailyFX

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 […]


Finance Tech, Liquidity

Euro Price Forecast: Hawkish ECB on the Cards for EUR/USD Tomorrow?

June 8, 2022

Via: DailyFX

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 […]


Finance Tech, Liquidity

Euro Price Forecast: EUR/USD Gearing Up for ECB Rate Decision

June 6, 2022

Via: DailyFX

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 […]


Finance Tech, Liquidity

Euro Price Forecast: Is the EUR/USD Bear Market Rally Coming to an End?

June 1, 2022

Via: DailyFX

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 […]


Finance Tech, Liquidity

Euro Breaking News: European Commission Spring Forecast Buoys EUR/USD

May 16, 2022

Via: DailyFX

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. […]


Finance Tech, Liquidity

EUR/USD Forecast: Euro Ekes Out Marginal Gains Ahead of US CPI

May 11, 2022

Via: DailyFX

Earlier this morning, German inflation data (see economic calendar below) for April printed in line with forecasts at 7.4% thus continuing its incremental rise for 2022. German data often acts as a barometer for the EU region leaving the ECB […]


Finance Tech, Liquidity

Euro Latest – EUR/USD Back Above 1.0900 on Further Hawkish Commentary

April 21, 2022

Via: DailyFX

Comments from ECB Vice-President Luis de Guindos are behind the latest move in the Euro with EURUSD now breaking above 1.0900. In an interview with Bloomberg, Mr. de Guindos said that the central bank sees neither stagflation nor a recession […]


Finance Tech, Liquidity

EUR/USD Technical Price Outlook: Dollar Breakout or Euro Fake-out?

April 15, 2022

Via: DailyFX

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 […]


Finance Tech, Liquidity

EUR/USD Price Outlook: Strong Dollar, Weak Euro Ahead of ECB Meeting

April 8, 2022

Via: DailyFX

Next week the ECB will deliver their interest rate decision which is not expected to reveal a surprise rate hike but more importantly, market participants will be hanging on every word from ECB President Christine Lagarde regarding the end of […]