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US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday

US dollar analysis: Focus turns to sticky inflation and elevated interest rates narrative as markets regain their poise – for now – as Iran downplays the impact of Israel's strikes. The EUR/USD and USD/JPY will be in sharp focus with global PMIs and BoJ policy among other risk events coming up next week.

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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises as the USD rally pauses. Oil steadies after a steep fall yesterday.

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Yesterday 06:33 PM
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EUR/USD, DAX may be down – but they’re not fully out

The US dollar has dominated sentiment for markets this past week, but with signs of momentum waning there may be hope for a rebound on EUR/USD and DAX - even if only minor.

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April 17, 2024 02:47 PM

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EUR/USD analysis: Focus turns to Powell as geopolitical uncertainty lingers

German ZEW survey improves for 9th consecutive month to provide the euro some much-needed support. But the US dollar is likely to remain supported on dips and this should prevent rates from rising significantly. EUR/USD technical analysis point to an oversold bounce, but the trend remains bearish

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April 16, 2024 10:00 PM
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EUR/USD, Oil forecast: Two trades to watch

EUR/USD holds above 1.0650 as the mood steadies, Oil prices fall as geopolitical tensions calm.

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April 15, 2024 06:52 PM
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EUR/USD forecast: Divergent interest rate outlook, geopolitics deliver potent bearish mix

With most major events scheduled outside the continent, EUR/USD direction looks set to be dictated by external influences next week. Preference is to sell rallies given the technical breakdown on Friday.

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April 14, 2024 06:00 AM
Forex trading

EUR/USD analysis: Forex Friday, April 12, 2024

The ECB is moving closer to cutting rates while the Fed’s timeline lengthens. This is bearish for the EUR/USD forecast. Today, the UoM surveys will come out and we have a few Fed speakers too.

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April 12, 2024 08:30 PM

EUR/USD, USD/JPY Forecast: Two trades to watch

EUR/USD looks to ECB rate decision after hot US inflation. USD/JPY rises to 153.24 post US CPI & ahead of PPI.

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April 11, 2024 06:43 PM
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EUR/USD, DAX forecast: ECB, US PPI and Fed speakers on tap

All eyes are on today's ECB meeting, Fed speakers and US PPI figures to see if it can drive ERUR/USD lower or spark a rebound, after it suffered its worst day in 13 months on Wednesday.

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EUR/USD, USD/CHF, Crude Oil key levels heading into US inflation, FOMC mins

The economic calendar is beginning to ramp up with a key US inflation report, Fed members speaking ahead of the FOMC minutes and a BOC cash rate decision. Today we look at key levels for EUR/USD, USD/CHF and crude oil.

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April 10, 2024 04:07 PM
Forex trading

EUR/USD outlook: Currency Pair of the Week - April 8, 2024

The latest US CPI and ECB policy decision are coming up this week, which could shape the near-term trend for the EUR/USD. The latest Eurozone data on Monday showed German industrial production surprised to the upside and investor sentiment improved more than expected. Meanwhile, attention remains on US dollar, which has been unable to find meaningful support despite a robust jobs report.

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US dollar, EUR/USD, gold, crude oil analysis: COT report

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

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April 8, 2024 01:35 PM
Forex trading

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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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises post-Powell & ahead of the ECB minutes. Oil rises on supply concerns & an improving demand outlook.

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April 4, 2024 07:14 PM
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EUR/USD analysis: Soft Eurozone CPI underscores ECB June cut expectations

All ayes are on US data with ADP and ISM services PMI up next. US dollar remains largely on front-foot as June Fed cut probability declines, while the Euro hasn't reacted much to news Eurozone CPI eased more than expected to 2.4% in June, with Core CPI falling to 2.9%.

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April 3, 2024 10:45 PM
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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD looks to eurozone inflation & US services PMI data. Oil rises to a 5- 5-month high ahead of the OPEC+ meeting.

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April 3, 2024 06:59 PM
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Euro Technical Forecast: EUR/USD Plunges Toward Support at Yearly Low

Euro plummeted towards technical support into the April open with the bears within striking distance of the yearly lows. Levels that matter on the EUR/USD weekly chart.

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EUR/USD, GBP/USD Forecast: Two trades to watch

EUR/USD falls after manufacturing PMI data & ahead of German inflation figures. GBP/USD struggles at a 6-week low on USD strength.

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April 2, 2024 07:59 PM
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EUR, GBP, AUD wilting as fundamentals and technicals fuel US dollar upside

With EUR/USD, GBP/USD and AUD/USD breaking uptrends established when the Fed pivoted away from rate hikes, we look at the levels to watch ahead of key US non-farm payrolls and ISM services PMI releases later this week.

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April 2, 2024 12:26 PM
Research

EUR/USD analysis: Will US dollar retreat again?

Short-term interest rate differentials have been shifting in favour of the US dollar, but with most of the positive news priced in, the dollar may ease back as we head towards Q2 and look forward to rate cuts in or around June. For now the euro is pressured by weakness in German data.

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March 29, 2024 12:00 AM
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Forex Seasonality – April 2024: GBP/USD’s Most Bullish Month, USD/CAD’s Most Bearish

GBP/USD has historically seen its strongest gains in April, while USD/CAD has seen its worst performance in April and is testing resistance at its 4-month highs near 1.3600.

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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD inches higher after German confidence improves modestly. Oil holds yesterday’s gains on supply concerns, API data is due.

Uptrend

EUR/USD, EUR/CHF outlook: Currency Pairs of the Week – March 25, 2024

A couple of Fed speakers and US core PCE price index are among the macro factors traders will be watching this week. The EUR/CHF is a more interesting euro pair to watch, while the EUR/USD technical outlook hinges on the 200-day average.