[EUR/USD] Focus on U.S. Election
The euro rose sharply in the Asian market at the start of the week, climbing from last week’s close of 1.0830 to around 1.0880. This increase is likely due to …
[EUR/USD] HICP Growth Speeds Up
The October HICP (Harmonized Index of Consumer Prices) for the Eurozone was released yesterday at 2.0%, above the expected 1.9%, marking the first increase in three months. This drove the …
[EUR/USD] Stronger-than-Expected Eurozone GDP
Yesterday, GDP for key European countries such as Germany and France for the July-September period exceeded expectations, leading to increased buying of the euro. This pushed EUR/USD up to the …
[EUR/USD] Germany’s GDP and CPI
The Euro rose to 1.0826 as U.S. long-term interest rates fell from the Tokyo session to the European session. However, as U.S. interest rates went back up, the Euro dropped …
[EUR/USD] ECB Rate Cut Expectations Decline
In the Tokyo market, the euro faced resistance and moved downward, dropping to 1.0783. However, it reversed in the European market. Statements from Unsch, the head of Belgium’s central bank, …
[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 …