Euro is trading low against the greenback in the Monday Asian session. The softer-than-expected US Nonfarm Payrolls (NFP) and the worsening of the Eurozone’s investor sentiment underpinned this move. The Unemployment rate dropped lower than the expectation of 4.7% to 4.2% this data helped the greenback. However US NFP disappointed labor market optimists with 210K [...]
Euro is trading lower against the greenback as a reverse of Friday’s virus-led rebound during early European morning on Monday. The rationale behind this move can be related to the upbeat comment of the US and covid fears in Eurozone. The new variant of covid - The omicron virus had not yet been detected in [...]
The EUR/USD pair remained under pressure and is trading just a few pips above a 16-month low touched on Friday, in the Asian session. A number of factors combine together to underpin the bearish trend of the pair, although the oversold conditions kept away the traders from placing new bearish bets. The greenback is favored [...]
Euro is printing mild losses by heading into European session today. This move is backed with the US dollar rebound by the tracking the US Treasury yields amid cautious market sentiment ahead of the US Consumer Price Index (CPI) data. Amidst the inflation woes in the market, worries emanating from China further add the risk [...]
