Fundamental view: The Euro has bounced rather hard to form a bull candle. Fed bankers remained under the spotlight, although sentiment was the main driver, as rallying stocks underpinned demand for high-yielding currencies. On the one hand, European Central Bank President Christine Lagarde said that the outlook for the euro area economy is brightening as [...]
Fundamental view: The Euro has fallen against its US counterpart during the course of the week, showing signs of extreme negativity after the Federal Reserve spooked everybody. Elsewhere The central bank shifted its cautious tone without much warning, forwarding chances of rate hikes. The dot-plot has showed that most Fed officials expect to raise rates [...]
Fundamental view: Euro traded low against dollar at fresh monthly lows and with increased bearish potential. Investors read reg past upwardly revised US inflation figures, which hit 5% YoY in May, accelerating at the fastest pace since 2008. The US Federal Reserve will have a monetary policy meeting next week, and the assessment of record [...]
Fundamental view: The American dollar has strengthened against the euro but it is ending the week unevenly against them. The US central bank made an announcement that it would begin winding down one of the emergency programs created to support the economy throughout the pandemic. "Portfolio sales will be gradual and orderly and will aim [...]
