EUR USD

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

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.

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

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

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.

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.

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

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.

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

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.

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

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.

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.

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.

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

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.

EUR/USD was poor last week, finding little benefit from the Federal Reserve delivering a dovish surprise at its March FOMC meeting. With little event risk to speak of in the week ahead, and trading through its 50-day moving average, selling rallies is favoured.