FX Market Insight

EUR/USD Gains

EUR/USD Gains  EUR/USD is holding higher, trading close to 1.0500, as the US dollar retreats amid an improvement in risk sentiment. US Economy  On the 17th of May,  the Board of Governors of the Federal Reserve released the Industrial Production. In April, total industrial production increased 1.1%—the fourth consecutive month of gains of 0.8% or greater—and manufacturing output rose 0.8%. The index...

EUR/USD drops below 1.0600

EUR/USD drops below 1.0600 The EUR/USD  dropped below 1.0600, as the US dollar recovered from the FED's shock. The euro is being weighed down by the EU's oil embargo and ECB Panetta's statements. US Economy  On the 4th of May, the Institute for Supply Management (ISM) announced the PMI  Services Purchasing Managers Index (PMI) which shows that economic activity in the services sector...

EUR/USD Advance

EUR/USD Advance  EUR/USD is maintaining gains over 1.0900 after Germany's Industrial Production beat estimates by 0.2% in February. The investor's focus is on the ECB minutes. US Economy  On the 5th of April Markit Economics released the Services Purchasing Managers Index (PMI). New business expansion accelerates to the fastest since June 2021. Selling prices rise at the sharpest pace on record Backlogs of...

EUR/USD Recovers

EUR/USD Recovers  The EUR/USD moved higher toward 1.1000 following the market reaction to the upbeat Markit PMI data from Germany and the eurozone which revealed that in early March, business activity grew at a faster rate than expected. EU Economy  Today, Markit Economics released the PMI monthly Composite Reports on Manufacturing and Services which shows the flash Eurozone PMI Composite Output Index...

EUR/USD Remains Under Pressure

EUR/USD Remains Under Pressure The EUR/USD is trading below 1.1050, following a cautiously positive market tone. The US dollar dips with Treasury rates,  after the hawkish Fed decision. US Economy  On the 16th of March, the FED announced the Interest Rate Decision. Over the long run, the Committee aims to achieve maximum employment and inflation of 2%. Decided to raise the target range for...

EUR/USD Clings to 1.1050

EUR/USD Clings to 1.1050 The EUR/USD is under pressure at 1.1050, amid a tepid recovery in the U.S dollar. In the face of the Ukraine crisis and stagflationary risks, the ECB may retreat from its hawkish pivot. US Economy  On the 8th of March, the Bureau of Economic Analysis and the US Census Bureau released the Goods and Services Trade Balance. They...

EUR/USD Under Pressure

EUR/USD Under Pressure  The EUR/USD is trading at 1.1100, weighed down by continued demand for the safe-haven US dollar. US Treasury rates have stabilized at higher levels as investors remain concerned about the Russia-Ukraine conflict and the upcoming round of second negotiations. US Economy  On the 1st of March, the Institute for Supply Management released the Manufacturing Purchasing Managers Index (PMI). The...

EUR/USD recovers to 1.1250

EUR/USD Recovers to 1.1250 The EUR/USD is recovering towards 1.1250 as markets take a pause and digest the latest developments after Russia's military invasion in Ukraine. The G7 meeting is awaited. US Economy  On the 21st of February, Markit Economics released the Manufacturing Purchasing Managers Index (PMI). Flash US Composite Output Index at 56.0 (51.1 in January). Flash US Services Business Activity...

EUR/USD holds steady above 1.1400

 EUR/USD holds steady above 1.1400 The EUR/USD pair is holding stable at 1.1400, slowing its recovery from weekly lows. In contrast to Fed speakers, ECB policymakers believe that inflation and GDP growth will be slower in the coming years. US Economy  On the 8th of February, the Bureau of Economic Analysis and the US Census Bureau released the Goods and Services Trade...

EUR/USD holds steady around 1.1300

EUR/USD holds steady around 1.1300  The EUR/USD is hovering around 1.1300, with the upside limited by a strengthening of the US dollar and rising Treasury rates. Inflationary pressures and an all-time low unemployment rate back potential ECB rate hikes in 2022. US Economy  On the 1st of February, Markit Economics released the Manufacturing Purchasing Managers Index (PMI) which shows that output and...

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