Tag: euro

EUR/USD drops after highest inflation reading ever

EUR/USD drops after highest inflation reading ever

Today, the euro has been under pressure in a downtrend channel, as the market awaits the release of the ISM manufacturing PMI for June.
EUR/GBP remains near cycle highs following a barrage of UK/EU data

EUR/GBP remains near cycle highs following a barrage of UK/EU data

Volatility has been minimal on Friday, despite several important macroeconomic releases.
EUR/JPY awaits ECB decision at 7-year highs

EUR/JPY awaits ECB decision at 7-year highs

This is the first ECB meeting since President Christine Lagarde announced a plan to end the ultra-accommodative monetary policy and signaled that the central bank will start hiking rates very soon.
Inflation in the euro area rose again in May

Inflation in the euro area rose again in May

The euro area's annual consumer price inflation accelerated to 8.1% in May, compared with 7.4% in April. This is mainly due to energy prices.
EUR/USD attacks significant resistance

EUR/USD attacks significant resistance

Today, the euro advanced to the upper trend line of the descending channel, a key resistance area.
DAX posts large weekly reversal bar

DAX posts large weekly reversal bar

It looks like the negative sentiment from the beginning of the week is gone and bulls jumped back into the market.
EUR/USD drops to 1.05 amid sustained USD buying

EUR/USD drops to 1.05 amid sustained USD buying

The massive divergence between EU and US monetary policies continues to drive the EUR/USD pair lower each week.
EUR/GBP consolidates on data-heavy day

EUR/GBP consolidates on data-heavy day

This morning, the UK's unemployment rate improved to 3.8% in the three months to February, from 3.9% previously.
EUR/AUD stays near 5-yr lows

EUR/AUD stays near 5-yr lows

It looks like the recent downtrend in the EUR/AUD cross might be over soon.
EUR/USD pushes toward 1.12 as sentiment improves

EUR/USD pushes toward 1.12 as sentiment improves

This week, the euro has been supported by a de-escalation of the USD, as news that Russia would scale back military operations in eastern Ukraine helped to underpin the USD.