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DAX analysis: German index tests 18K support ahead of ECB and more US inflation data

DAX technical levels and factors to watch on the German index as it tests the pivotal 18,000 level with the focus turning on the ECB rate decision, while US sticky inflation concerns make unwelcome return ahead of PPI data.

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April 11, 2024 08:30 PM
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EUR/USD analysis: With NFP out of the way, US CPI and ECB come into focus

US dollar eases off after initial bounce, after US NFP rose by 300K, although it was boosted by part-time jobs. US CPI and ECB policy decision coming up next week, which should provide some direction for the EUR/USD.

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April 6, 2024 03:00 AM
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S&P 500 rally threatened as geopolitics enters the ring: The Week Ahead

Tensions surrounding the Middle East has unsettled markets. US indices such as the S&P 500 are on track for their worst week of the year, crude oil reached a fresh YTD high and the risk-off sentiment was even enough to knock gold from its record. Traders therefore need to be on guard for headline risks surrounding the Middle East next week, alongside the usual bouts of economic data and central bank meetings.

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Euro Forecast: EUR/USD Carves Out a Tight Range Ahead of US PPI and Retail Sales

US data will continue to play a major role for EUR/USD, with PPI and Retail Sales on tap tomorrow. See the key levels to watch!

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March 14, 2024 06:21 AM
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EUR/USD, USD/JPY Forecast: Two trades to watch

EUR/USD looks to ECB rate decision. USD/JPY falls after Powell and as hawkish BoJ bets build.

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EUR/USD in the hands of ECB, Powell Testimony, ISM services: The Week Ahead

EUR/USD is on track for its smallest weekly range since September 2021, although 1-week implied volatility levels that we could see more action next week.

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March 1, 2024 03:38 PM
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Euro Forecast: EUR/USD Testing Key Support at 1.08 Ahead of Fed, NFP

EUR/USD is testing key support near 1.0800 with major crosswinds from month-end flows, the Fed, and NFP this week.

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January 30, 2024 06:57 AM

EUR/USD analysis: ECB day arrives with US GDP also in focus

The European Central Bank (ECB) is likely to acknowledge that the current state of the Eurozone economy, with growth hovering around zero, is not great. However, it will probably highlight more forcefully signs suggesting that inflation is not making swift progress towards their 2% target, particularly in light of the persistent pressure on wages.

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January 25, 2024 09:28 PM
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EUR/USD looks dazed and confused ahead of Ifo, ECB: European open

The 1-hour chart for EUR/USD is a sight for sore eyes. It lacks a defined trend and has seen bursts of volatility in both directions before reverting to the centre of its sideways chopfest. But with key events within sight, we may be able to get a breakout or at least a clearer picture.

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January 25, 2024 03:49 PM

EUR/JPY: US data in control without BOJ or ECB rate shock

EUR/JPY sits near two-month highs heading into the BOJ and ECB interest rate decisions, consolidating after a strong rally that saw the pair add nearly eight big figures from the lows of December.

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January 23, 2024 10:23 AM

Euro Analysis: EUR/USD Bounces Off 1.09 – 1.10 Retest Next?

Time will tell if the ECB is forced to cut interest rates sooner and more aggressively than it hopes to, but clearly markets are content betting against central banks’ “higher for longer” mantra.

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December 19, 2023 02:01 AM

EUR/USD, EUR/GBP in focus for BOE and ECB meetings: European open

We have arguably seen the biggest central bank surprise of the week, with the Fed’s dovish pivot. But that may also influence the tone of the SNB, BOE and ECB at their meetings today – even if only to a degree.

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December 14, 2023 03:47 PM

US CPI, FOMC, BOE, ECB and SNB on tap: The Week Ahead

Four major central banks meeting next week including the FOMC, ECB, BOE and SNB. While no changes are expected, traders want to know who may be the first to cut rates.

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December 7, 2023 01:56 PM

Euro Analysis: EUR/USD Bounces Back to Near Flat on the Week

EUR/USD is ticking higher as the US dollar edges lower on progress toward peace in the Middle East...

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October 28, 2023 04:42 AM
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Euro Analysis: EUR/USD’s Early Week Rally Stalls, Bears Still in Control

EUR/USD’s early week rally is reversing, keeping the downward bias intact within a bearish channel...

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October 19, 2023 03:26 AM

EUR/USD: Dollar bolstered by safe haven status, energy riches and economic momentum

EUR/USD must be one of the most well-behaved FX pairs in the world right now, sitting comfortably in a long-running downtrend, refusing to stray too far from the current trajectory no matter what the world is throwing at it.

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October 17, 2023 04:10 PM

EUR/USD: Corrective rebound put to the test by packed events calendar

The durability of the EUR/USD rebound will be put to the test over the next 48 hours as traders face a raft of events that could make-or-break the medium-term outlook for US bond yields and the USD.

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October 11, 2023 12:48 PM

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EUR/USD: Inflation data creates make-or-break moment for common currency

EUR/USD faces a stern test in the days ahead, battling divergent fundamentals, increasing risk aversion and a technical backdrop that’s as bearish as any in the G10 FX universe right now.

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September 28, 2023 09:47 AM

EUR/USD headed for 105? WTI crude oil hits YTD high: Asian Open

The ECB delivered a relatively dovish hike whilst US data once again outperformed. And that was the perfect catalyst to send EUR/USD to a 4-low (and speculative positioning suggests there may be further downside to come). WTI crude oil rose above $90, and it appears to have more fuel in the tank to perhaps head for the October high.

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September 15, 2023 08:41 AM

EUR/USD implied volatility blows out ahead of ECB, US data: European open

With an ECB interest rate decision and three US data points sandwiched in between, we could be in for an interest hour's trade on EUR/USD. And that likely explains why the 1-day implied volatility band is more than twice its 20-day average.


US CPI, ECB and a slew of China data: The Week Ahead – 08/09/2023

The combination of a key US inflation report and finely-balanced ECB interest decision should keep EUR/USD on trader’s radars. Although we also have plenty of data out from China which could sway sentiment for risk assets, including CPI/PPI, loan growth, investment, retail sales and employment.

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September 10, 2023 08:56 AM

EUR/USD: when the US dollar and yields rise in tandem, trouble often follows

The breakdown of EUR/USD does not bode well for investor risk appetite moving forward.

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September 6, 2023 01:34 PM
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Euro to US dollar analysis: EUR/USD in focus with FOMC, ECB rate decisions looming

First up, the Fed will take centre stage later today, when it will most likely – almost certainly – deliver what everyone expects, a 25-basis point rate hike. The dollar’s reaction will depend entirely on the FOMC’s hints about the next meeting in September. Meanwhile, the ECB is also facing a dilemma of whether to pre-commit to another hike in September.

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July 26, 2023 10:37 PM