HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

EUR retreated further


19 April 2023

EURUSD on Tuesday remains in a downtrend. The current quote is 1.0940. At the beginning of the week, there is no important news, so investors focused on currency speculations based on the expectations about future steps that the US Federal Reserve System might make. Curiously, according to the CME FedWatch, the probability of the interest rate being lifted at the meeting in May by 25 base points has already reached 80%, while a week before it used to be 40%. Meanwhile, the market obviously counts on a pause in interest rate increases at the meeting in June.

On the whole, investors can enjoy themselves this way for a very long time. However, before the Fed signals it is ready to stop lifting the rate, EURUSD may fall even deeper only to grow confidently later.

The Eurozone today will publish exciting statistics of the ZEW business sentiment index in April. The index is expected to have grown to 12.2 points from 10.0 points earlier. This could support the EUR. Also, the Eurozone will publish trade balance components in February. The US on Tuesday will start issuing real estate sector statistics. The construction permits release for March will be the first one to come out alongside the number of new houses laid out.

#source

Share: Tweet this or Share on Facebook


Related

US Dollar Strengthens Amid Inflation Data
US Dollar Strengthens Amid Inflation Data

As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead.

13 Mar 2024

Exploring EURUSD's Prospects: Is It Poised for an Uptrend Resurgence Above the Ascending Line?
Exploring EURUSD's Prospects: Is It Poised for an Uptrend Resurgence Above the Ascending Line?

EURUSD Embarks on a Rebound Off the 200-day SMA, Yet Clings Below the Ascending Trend Line: The EURUSD currency pair has recently experienced a resurgence, with notable price action centered around...

25 Jan 2024

EUR/USD Outlook: Insights from Davos and Federal Reserve Speeches
EUR/USD Outlook: Insights from Davos and Federal Reserve Speeches

Recent insights from European Central Bank (ECB) officials, including Gediminas Šimkus and Madis Müller, indicate a cautious approach to immediate rate cuts, hinting at a potential move in the summer...

17 Jan 2024

Will the US NFP Report Resurrect the Ailing Dollar?
Will the US NFP Report Resurrect the Ailing Dollar?

In January, the Euro area witnessed a modest improvement in investor sentiment, as indicated by the Sentix Investor Confidence Index, which rose slightly to -15.8 from -16.8 in December...

8 Jan 2024

EUR/USD Price Outlook: Awaiting US Employment Data Amidst Rising Pressure
EUR/USD Price Outlook: Awaiting US Employment Data Amidst Rising Pressure

The EUR/USD currency pair has been experiencing downward pressure, notably retreating from a recent high near 1.0950, as market sentiment shifts to a cautious stance in anticipation...

5 Jan 2024

EUR/USD Under Pressure Following German Employment Figures, Awaiting US Economic Updates
EUR/USD Under Pressure Following German Employment Figures, Awaiting US Economic Updates

The EUR/USD currency pair has seen a contraction of its earlier gains, now approaching the 1.0940 level, in the wake of the latest employment data from Germany. This move comes amidst a broader context...

3 Jan 2024


MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.