EURUSD Forex News
EUR/USD Appears Ready for a Pullback Due to Inflationary Factors in the USA
EUR/USD has risen approximately 1% this week due to a decline in the dollar, although the euro is trailing behind other pro-cyclical currencies in the G10, excluding the US data-sensitive CAD. This isn't unexpected, as the euro has the weakest three-month correlation with two-year USD swap rates, which previously insulated it from significant upward adjustments in Fed expectations.
ACY Securities
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57 minutes ago
Eyeing on Today’s Euro CPI
euro traders are keenly awaiting today's CPI reading to gauge the euro's price movement amid softening U.S. dollar.
PU Prime
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2h 25min ago
Soft CPI Hammers Dollar to Monthly Low
Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.
PU Prime
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1 day ago
The Trade Idea Generation behind the Long EURUSD on USA CPI
The market is chaotic right now! We’ve seen PPI and CPI behaving completely erratically. On one side, PPI came in much higher, and the USD Index dropped as if there were no tomorrow. Then, yesterday, the CPI came in lower, and the market continued to drop. Something is wrong, isn’t it?
ACY Securities
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1 day ago
EURUSD is trying to break the 5-month downtrend
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: EURUSD is trying to break the 5-month downtrend
FxPro
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1 day ago
Euro climbs to five-week high ahead of US CPI data
The EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today's crucial US Consumer Price Index (CPI) data release. The report is expected to show a 0.3% month-on-month increase in inflation for April, a slight decrease from the 0.4% rise in March.
RoboForex
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1 day ago
Soft Inflation Data, Retail Sales Pull Down U.S. Dollar
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
RTTNews
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1 day ago
Dollar, Bond Yields Slide on US PPI Revision
The benchmark US 10-Year Treasury yield tumbled to 4.44% from 4.50% yesterday following a downward revision in US March Producer Prices. While April’s US PPI rose 0.5%, March’s PPI was revised down to -0.1% from 0.2% previously.
ACY Securities
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2 days ago
Gold Surge on Soften Dollar
gold prices rebounded strongly on the back of the softening U.S. dollar, while oil prices remained steady.
PU Prime
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2 days ago
Forex Market Report - 15/05/2024
This Forex Market Report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets
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2 days ago
