ECB

US data steps away from the limelight to make way for inflation reports from the UK, Canada, New Zealand, and Japan. And throw in an ECB meeting, Australian employment report and the CCP's Third Plenum for good measure.

US data steps away from the limelight to make way for inflation reports from the UK, Canada, New Zealand, and Japan. And throw in an ECB meeting, Australian employment report and the CCP's Third Plenum for good measure.

EURUSD Forecast: EURUSD is trading above of its key consolidation ahead of FOMC minutes

EUR/USD is holding below its rising trend line and the 50-day EMA in the 1.0820 region, hinting at the potential for more downside in the coming week.

In this article, we are discussing the latest EUR/USD movements as the ECB cuts rates and focus shifts to US NFP, CPI, and FOMC. Stay updated on the modestly bullish trend and technical analysis insights on this pair.

The ECB are likely to perform a widely telegraphed rate cut, odds of a Fed cut have increased and futures traders are becoming increasingly bullish on EUR/USD. Beyond the meeting, the path of least resistance could be higher.

EURUSD Outlook: while the ECB’S actions are crucial for the for the EURUSD trend, U.S economic data could have a more dominant impact

EUR/USD is rangebound for now but a break above 1.0890 could herald another leg up to 1.1000

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!

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

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.

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

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.

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.

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.

Stronger US growth and similar inflation on both sides of the Atlantic could lead to more aggressive interest rate cuts from the ECB, boosting EUR/USD.

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.