Fundamental view: The Euro has fallen against greenback again during the course of the week. European Central Bank President Christine Lagarde and her colleagues are behind the euro's weakness. In the ECB's first post-strategic review decision, the Frankfurt-based institution enhanced its commitment to keeping lower rates for longer. The ECB made its forecasts point to [...]
Fundamental view: The Euro has fallen during the week, as US dollar has strength this week. US Federal Reserve Chairman Jerome Powell testified before Congress on monetary policy. In his semi-annual presentation, he repeated that inflationary pressures are likely to be temporary and pledged to maintain the financial support until the economy fully recovers. European [...]
Fundamental view: Euro initially fell against greenback but overcame losses and closed the week with a bull candle. The American currency was bid through the first half of the week with the anticipation of the FOMC Meeting Minutes. The US central bank surprised market participants in its June meeting by forwarding changes of rate hikes [...]
Fundamental view: The Euro has fallen during the course of the trading week and ending with a bearish candle. Nonfarm Payroll release seems to have had one role in market favoring the greenback. The US gained more jobs than expected, 850,000. But moderate wage growth at 3.6% and the lack of substantial upward revisions were [...]
