EURUSD: The EURUSD pair showed a downward movement past week. The greenback gained value especially after the FOMC Meeting Minutes were published. The FOMC Minutes pointed to optimism among Fed members that see the economy is strong and inflation eventually picking up. In the upcoming week, we focus on the Federal Reserve Chair...
09 Jul 18 (Mon)
07:58 am Read MoreEURUSD: The US Dollar extended losses last week, hitting a three-year low against a basket of major currencies. US January headline CPI rises higher than expected. The Consumer Price index rose 2.1% for the 12 months ending January, the same increase as for the 12 months ending December. However, it did not support greenback. US Dollar tumbled after January’s Inflation...
09 Jul 18 (Mon)
07:53 am Read MoreEUR/USD: The US Dollar had better performance than other major currencies last week. The Euro ended the week down 1.82%, the largest weekly percentage decline since November 2016. In the upcoming week, we will focus on the US January CPI Inflation reading. As inflation is one of the two...
09 Jul 18 (Mon)
07:46 am Read MoreEURUSD: The US Dollar has been falling versus the Euro for a seven consecutive weeks session. The hawkish FOMC policy announcement did not support greenback so much. The Federal Reserve kept interest rates unchanged at 1.25% - 1.50% on last Wednesday. The Fed said the inflation remained low but is expected to move up in the coming months. The US Nonfa...
09 Jul 18 (Mon)
07:39 am Read MoreEURUSD: The US Dollar bearish action continues against its major counterparts. The EURUSD pair went beyond 1.25, rising to its highest level since December 2014 The most important event was the European Central Bank monetary policy meeting in the last week. The ECB President Draghi said euro volatility creates uncertainty. Economic momentum remains solid and broad based, which could...
09 Jul 18 (Mon)
07:32 am Read MoreEURUSD: The Eurozone inflation met with the expectation of 1.4% in December, but it is still below the ECB target inflation rate of 2%. However; the US dollar weakness continues versus the Euro. Also, The President Donald Trump invited Senate minority leader to work out a deal to avoid a government shutdown.
09 Jul 18 (Mon)
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