[EUR/USD] Eurozone CPI and Next Week’s FOMC Meeting
Compared to the strong U.S. economy, the weaker European economy and rapid interest rate cuts have caused the euro to fall. It dropped from around $1.12 (where it hit a …
[EUR/USD] Bearish Sentiment Persists Amid Dollar Strength
The EUR/USD exchange rate forecast for today, October 23, 2024, is generally bearish. Currently, the market sentiment suggests a weakening euro against the dollar, with the pair hovering around $1.07959. …
[EUR/USD] U.S. Long-Term Interest Rates Rise and Euro Weakens
At the beginning of the week, the Euro started quietly around 1.0860 from the Tokyo market to the European market. However, when the market opened in New York, the Euro …
[EUR/USD] ECB Further Rate Cut
At the ECB (European Central Bank) meeting held yesterday, as expected, the policy interest rate was cut by 0.25%, bringing it to 3.4%. In the statement, it was mentioned that …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
Yesterday, the euro reached $1.0901 ahead of the ECB (European Central Bank) meeting. However, the euro faced resistance and fell back to $1.0854, dropping below the 200-day moving average. This …
[EUR/USD] Before the ECB Meeting
Yesterday, Germany’s October ZEW Economic Sentiment Index was announced at 13.1, higher than the expected 10.0, which caused the euro to rise. However, since U.S. long-term interest rates had already …
[EUR/USD] Adjustment Before ECB Meeting
Yesterday, even though both the U.S. and Japan had holidays, the euro continued to struggle to rise. With expectations of a rate cut at the upcoming ECB (European Central Bank) …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
The EUR/USD exchange rate dropped below the neckline of $1.10, forming a double top around the early $1.12 range.Last week, U.S. long-term interest rates increased, leading to more dollar buying, …
[EUR/USD] More Rate Cut Comments
Yesterday, central bank governors from France, Slovakia, and Latvia stressed that the chances of a rate cut at the next European Central Bank (ECB) meeting are high. After reaching a …
[EUR/USD] Is the Pullback Over?
After falling below the neckline at 1.1 dollars, the EUR/USD (euro/dollar) rate experienced some buying and recovered to 1.0997 dollars yesterday. However, it couldn’t rise above the neckline and has …