Fundamental view: The Euro rallied in the past week and reached April highs after the US Federal Reserve announced its monetary policy decision but was unable to sustain gains and finished the week flat a handful of pips below the 1.2100 level. The central bank of US maintained its monetary policy unchanged as widely anticipated by [...]
Fundamental view: The Euro has advanced for a third consecutive week, now firmly moving above the 1.2000. During the past week, the US dollar attempted to overcome sentiment-related trading and advanced against the Euro mid-week, but dollar gave up on Thursday after speculative interest negatively reacted to news indicating that US President Joe Biden is planning a tax [...]
Fundamental view: Euro showed an uptrend against greenback in the past week reaching a 1.19 level. The major reason for that is the broad dollar’s weakness as the result of falling US Treasury yields. US policymakers have repeated multiple times this week that the ongoing massive stimulus program will remain in place until the economy [...]
Fundamental view: The Euro edged higher this week, reaching a high of 1.1927. The unfavorable US employment report released yesterday was the main reason behind the broad dollar weakness. In the past week, Wall Street rallied to unexplored territory, while government bond yields remained subdued throughout the week, with the yield on the 10-year Treasury note [...]
