USD bears have had an open door to press fresh lows after this morning’s CPI data came in below expectations. So far, they’ve been thwarted.
The EUR/USD pair has risen by over 0.5% following the release of the latest U.S. Consumer Price Index (CPI). The euro has gained ground on growing expectations that lower inflation could pave the way for a less restrictive monetary policy in the United States.
EUR/USD may continue to track the positive slope in the 50-Day SMA (1.1283) as it holds above the monthly low (1.1347).
Tomorrow’s CPI release is big as it’s expected to be a change of pace, following three consecutive months of drawdown in YoY headline CPI figures.
EUR/USD came five pips away from the 1.1500 handle last week, and so far sellers have held the pair below that key level. But can they hold it for much longer?
EUR/USD holds above 1.14, and the US–China trade talks are in focus. Oil looks to US-China trade talks after Chinese data
In recent hours, the euro has depreciated by nearly 0.5% against the U.S. dollar, and a bearish bias has started to take shape following the release of today’s Non-Farm Payrolls (NFP) report.
EUR/USD and USD/JPY approach key resistance zones with volatility rising ahead of the US nonfarm payrolls report. Here's how price action is shaping up.
USD bears have had an open door to run a break but, so far, they’ve continued to get shy on prints of fresh lows. Tomorrow’s NFP report represents an important driver for the matter.
EUR/USD may further retrace the decline from the April high (1.1573) it extends the advance from the start of the month.
EUR/USD holds above 1.14 ahead of the ECB rate decision. USD/JPY hovers around 143 after yesterday’s losses as concerns over the impact of Trump's trade tariffs grow.
The Euro rally stalled at resistance into the June open with the weekly range intact ahead of the ECB / NFP. Battlelines drawn on the EUR/USD short-term technical charts.
