EUR/USD remains on the downtrend from early today. Euro dropped the previous day amid downbeat European fundamentals, as well as the market’s rush for USD. Bloc’s downbeat data and the rebound in the US inflation expectations and options market data were the main catalysts behind the major currency pair weakness. Final Manufacturing PMIs in both [...]
Euro shows a cautious move against the greenback in early Asian session. The pair recovered from the recent lows. Euro gained some support from Germany's GFK Consumer Confidence, which showed an improvement from 0.4 to 0.9 in October, beating market expectations of -0.4. Also, the EU reported September Money Supply, which increased by 7.4%, below [...]
The euro pair remains under pressure today. Today Greenback shows strong progress amid high U.S. 10-year benchmark Treasury yields. High inflation, energy prices and bullish US retail data have made bond yields even higher. Investors are ready for the central bank's tapering in November, while the European Central Bank (ECB)'s Dovish position weighs on the [...]
Today market session is favoring the Euro pair as well as U.S. labour data this week. The major pair cheered from the upbeat EU data and risk-on mood triggered the prior corrective pullback. However, a shift in the market sentiment seems to have recently weighed on the quote amid a quiet start to the key [...]
