EUR USD

EUR/USD rises after German consumer confidence & ahead of US GDP data. FTSE rises on mining M&A news & after-earnings.

Disparity between US and Eurozone PMI data bodes well for euro. For now, the US dollar has rebounded slightly ahead of GDP and core PCE data. EUR/USD technical analysis shows rates testing a pivotal area circa $1.07 - a potential break above here would be ideal for the bulls.

It has been a risk-on session so far, with equity indices rising sharply for the second consecutive day ahead of Tesla’s earnings tonight and other big tech companies reporting this week. Also on the rise today have been markets such as crude oil, the EUR/USD and even the GBP/USD. Sentiment was lifted by stronger PMI data from the services sector in Europe and UK, alleviating growth concerns even if the manufacturing sector PMI continued to remain depressed.

FTSE rises to a record high as the GBP struggles around a 5-month low. EUR/USD looks to PMI data.

The US dollar rally has stalled, and the longer is fails to extends its gains the greater the odds of a pullback. For today, flash PMIs have placed GBP/USD and EUR/USD into focus.

EUR/USD futures traders are on the cusp of flipping to net-short exposure, and managed funds are increasing their short exposure to gold and crude oil.

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.

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

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.

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.

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.

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

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.

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

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%.

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.