Introduction The forex market has been experiencing some turbulence, with the EUR/USD pair undergoing a steep correction towards the psychological support of 1.1000. However, it has found an intermediate cushion and is currently defending its downside. This is due to the resistance being faced by the US Dollar Index
Introduction: The EUR/USD pair has been trading within a range of 1.0500 to 1.1000 for much of this year, but there are indications that a breakout to the upside may be imminent. In this article, we will discuss the potential for the pair to move higher and the fundamental
What Caused the EUR/USD Pullback? The EUR/USD currency pair, which measures the value of the euro against the US dollar, has been on an uptrend since November 2020. However, in recent weeks, the pair experienced a pullback due to a few factors. One of the primary reasons for
Introduction The euro has been facing a tough time in the forex market as sellers remain in control of the currency’s sentiment. This has led to the euro falling below the 1.1000 mark at the end of the week. In this article, we will explore the factors that have
The European Central Bank (ECB) is currently facing a challenging situation as the Euro Area inflation rate continues to rise above the central bank’s mandated target of 2%. In March, inflation was seen at 6.9%, down from February’s 8.5% but still significantly higher than the target. To tackle this stubbornly
Introduction: The EUR/USD currency pair has been gaining traction in recent weeks, as market participants remain optimistic about the global economy despite ongoing challenges. In this article, we will explore the factors driving this trend and examine what it means for investors. Factors Driving the Trend: One key factor driving
Introduction: The EURUSD pair has been struggling to break through the 1.1000 handle, despite enjoying a modest bounce following the European open today. This comes amid a relatively subdued start for markets in what is a big week packed with economic data releases. In this article, we will explore the
The Euro has been on a rollercoaster ride in the currency market in recent months, but it seems to have found some support above the key hurdle at 1.1000 against the US Dollar. This move has come as a relief for investors who were worried about the Euro’s weakness amid
Introduction The EUR/USD currency pair is one of the most closely watched in the forex market, reflecting the strength of the Eurozone economy and the U.S. dollar. Recent analysis by UOB Group’s economist Lee Sue Ann and markets strategist Quek Ser Leang suggests that the EUR/USD is gaining upward momentum,
Introduction: The EUR/USD currency pair has had a tough week, with trading activity remaining range-bound due to a lack of fundamental drivers. Despite hawkish Fed speak, the US dollar has been trading sideways all week. This article will discuss the recent trading activity of the EUR/USD currency pair, look ahead
Introduction The EUR/USD exchange rate has experienced a drop to the 1.0980/70 band at the beginning of this week, as sellers return to the European currency, resulting in a decline in its value. This article will delve into the reasons behind the recent drop in the exchange rate and explore
The US Bone has endured a significant swell across the board following the release of the S&P Global PMI( Purchasing directors’ Index) check. The PMI is a extensively watched profitable index that provides perceptivity into the health of the manufacturing and services sectors in colorful countries. The rearmost PMI