Author
Mark Klocke is a renowned author and financial analyst, specializing in forex trading. He is a regular contributor to Livemarkets.com, where he provides insightful analysis and commentary on various forex pairs. With years of experience in the financial industry, Mark has developed a keen eye for identifying market trends and predicting their impact on currency movements. His analysis is widely respected in the forex community and has helped traders make informed decisions about their investments. Mark is also a sought-after speaker at financial conferences and events, where he shares his expertise and insights with industry professionals.

EUR/USD Rally Continues as US Dollar Weakens: ECB’s Tightening Stance and Euro Area Inflation in Focus

The EUR/USD currency pair has continued its rally, ending the week off its fresh yearly high, but still in positive territory over the last five days. One of the factors driving this rally is the weakening of the US Dollar, which has provided support to the Euro. Traders and investors

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US Dollar Selling Pressure, Brazil Rejects its Use, EUR/USD Technical Outlook

The US Dollar experienced selling pressure during the American session on Friday, as investors closely monitored its performance in the forex market. The greenback, which is considered a safe-haven currency, often sees fluctuations in response to global economic and geopolitical events. Despite its initial weakness, the US Dollar managed to

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EUR/USD Continues to Favor Uptrend Despite Recent Dip

Introduction The EUR/USD has recently experienced a dip from its earlier 2023 highs around 1.1075 at the end of the week. However, the outlook for the Euro still favors the continuation of the uptrend for the time being. This article will explore the potential for the EUR/USD to surpass YTD

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US Dollar Recovers Ground as EUR/USD Falls on Mixed US Economic Data

Introduction: The US Dollar has been making headlines this week as it recovers a part of its recent losses. The EUR/USD has been particularly affected, with the pair losing ground on Friday as the Dollar gains strength. In this article, we will explore the reasons behind the US Dollar’s recent

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EUR/USD Continues to Rise as Investors Await Fed’s Next Move

Introduction The EUR/USD currency pair has been on the rise for the fourth session in a row, consolidating its recent breakout above the psychological 1.1000 hurdle. The dollar’s persistent weakness has been driving the pair’s weekly leg higher, with investors betting that the Federal Reserve may halt its hiking cycle

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US Dollar Falls to Eight-Week Low on Inflation and Recession Concerns

Introduction: The US dollar has been under pressure lately, falling to an eight-week low following the release of US inflation data and FOMC minutes. The falling inflation rate and growing concerns about a possible mild recession later this year have led to a sell-off of the US dollar. In this

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EUR/USD faces resistance at 1.1000 level amid US Dollar index rebound

Introduction: The EUR/USD currency pair has been on an upward trend since the start of the year, rising by over 4% from its lows in January. However, the pair is now facing resistance at the psychological level of 1.1000, with the US Dollar index rebounding from its weekly low. In

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EUR Surges to a 1-1/2 Month High, Overbought Conditions Suggest Limited Upside

Introduction: The EUR saw a surge in early NY trade, reaching a 1-1/2 month high of 1.0000, exceeding expectations for the day. However, while further EUR strength appears likely, overbought conditions suggest limited upside with major resistance at 1.0335. EUR Surges in Early NY Trade Despite earlier expectations for the

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EUR/USD Continues to Show Strength Despite Minor Hiccups

The EUR/USD pair has been trading higher overall in the session, but short-term price action suggests that the gains are a bit of a grind and are attracting some selling pressure on modest gains. The broader trend higher in the EUR has lost a little momentum, but the bullish alignment

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US Inflation Report: Headline Inflation Rate Drops to 5.2% in March

The US Bureau of Labor Statistics (BLS) has released its inflation report, which has been eagerly awaited by economists, policymakers, and investors. The report shows a mixed set of inflation statistics for March, with the headline inflation rate falling from 6% in February to 5.2% in March, while the core

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EUR/USD Set to Push Above 1.10 According to Scotiabank Economists

The EUR/USD currency pair has been steadily climbing from its low on Monday, with economists at Scotiabank predicting that it will soon push above the 1.10 handle. This rise is being driven by a number of factors, including positive economic data and a weaker US dollar. One of the main

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USD on the back foot as investors await CPI data

The US Dollar Index, which had been on the rise over the previous four trading days, fell towards 102.00 on Tuesday as investors awaited the highly anticipated March Consumer Price Index (CPI) data from the US. The lack of demand for the USD has led to a weakening of the

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