The EUR/USD pair is taking a breather on Wednesday, consolidating the previous weekly gain at the 1.0050 area after a three-day rally that saw the pair accumulating over 300 pips. The euro reached a two-month high of 1.0096 against the dollar on Tuesday as the U.S. currency weakened, weighed by a pullback in Treasury yields, while American citizens went to the...
The U.S. dollar remains on the defensive on Tuesday, with the EUR/USD advancing to fresh to a two-week high while investors remain cautious on the U.S. midterm election day. At the time of writing, the EUR/USD is trading at the 1.0065 zone, 0.45% above its opening price. The dollar saw a short-lived bounce earlier on the day but then turned lower alongside...
The EUR/USD pair advanced beyond parity on Monday as market sentiment improved and the dollar retreated versus most peers while investors continued to assess last week’s Fed statement and nonfarm payrolls data. At the time of writing, the EUR/USD pair is trading at the 1.0025 area, 0.67% above its opening price, after bottoming at a daily low of 0.9905 earlier...
The EUR/USD advanced on Friday despite mixed Eurozone PMIs data and extended gains after the release of October’s U.S. nonfarm payrolls report. The EUR/USD pair reached a two-day high of 0.9940 as the greenback slumped across the board despite better-than-expected U.S. jobs data. At the time of writing, the EUR/USD is trading at 0.9923, posting a 1.8% daily gain,...
The EUR/USD fell for the fourth day in a row on Thursday and hit its lowest level in two weeks as the greenback continued to strengthen in the aftermath of the Federal Reserve decision and ahead of the October U.S. nonfarm payrolls report on Friday. At the time of writing, the EUR/USD pair is trading at the 0.9750 area, 0.67% below its opening price, and over 300...
The EUR/USD pair seesawed between gains and losses on Wednesday in the aftermath of the U.S. Federal Reserve's decision to raise rates by 75 basis points for the fourth meeting in a row, taking the federal funds' range to 3.75%-4.0%. Although market participants widely anticipated the decision, the accompanying statement was perceived as dovish as it mentioned...
The GBP/USD trimmed intraday gains on Tuesday after the UK PMI data, while the dollar managed to shrug off early weakness following solid domestic figures and a bounce in Treasury yields. At the time of writing, the GBP/USD pair is trading at the 1.1480 area, posting a 0.20% daily gain after peaking at 1.1566 earlier in the session. S&P Global PMI showed the...
The EUR/USD pair retreated on Monday as the euro lost momentum after Eurozone and German data, while the greenback firmed on the back risk aversion and higher U.S. bond yields ahead of the Fed's meeting on Wednesday. At the time of writing, the EUR/USD is trading at the 0.9890 area, 0.78% below its opening price. Deeping energy concerns and soaring inflation...
The EUR/USD pair has continued to pull back on Friday, trimming previous weekly gains, although it remains poised to close above Monday's opening following mixed U.S. and European data. At the time of writing, the EUR/USD pair is trading at the 0.9930 area, 0.3% below its opening price and on track to post a 0.8% weekly advance, despite being rejected by the...
The EUR/USD pair fell Thursday following the European Central Bank interest rate decision, which was followed by cautious comments from President Christine Lagarde during the press conference. At the same time, the greenback is gaining ground thanks to solid GDP readings. At the time of writing, the EUR/USD is trading at the 1.0000 area, 0.70% below its opening...
The EUR/USD pair is rising for the sixth day in a row on Wednesday as the greenback continues to face selling pressure while investors gear up for Thursday’s European Central Bank interest rate decision. At the time of writing, the EUR/USD pair is trading at the 1.0060 zone, 1% above its opening price. The euro reached its highest level in six weeks against the...
Gold prices advanced on Tuesday, reversing some of their Monday's losses, as the dollar weakened across the board during the New York session, weighed by lower U.S. yields as investors brace for the major central banks' interest rate decisions. At the time of writing, the spot price, XAU/USD, is trading at $1,655 an ounce, 0.29% above its opening price. Still and...
The EUR/USD pair is treading water below the 0.9900 level on Monday after seesawing throughout the day following the release of worse-than-expected U.S. and EU PMIs data. At the time of writing, the EUR/USD pair is trading at the 0.9870 area, virtually unchanged on the day, after hitting a low of 0.9806 and a high of 0.9899 earlier in the session. "Eurozone...
The EUR/USD pair edged higher on Friday and managed to close the week with gains above the 0.9800 level, as the dollar retreated across the board alongside U.S. yields. At the weekly close, the EUR/USD pair was trading at the 0.9860 zone, up 0.8% on the day and 1.4% higher in the week, posting the first weekly advance in three. After hitting fresh cycle highs,...
The yellow metal recovered some ground on Thursday, with the gold spot price XAU/USD bouncing from a three-week low of $1,622 an ounce amid a broad-based pullback of the dollar despite the unremittable advance of U.S. Treasury yields. At the time of writing, the XAU/USD pair is trading at the $1,635 area, 0.3% above its opening price, having hit a daily peak of...
The EUR/USD pair retreated on Wednesday as the U.S. dollar gained momentum on the back of risk aversion and a spike in the U.S. 10-year yield, which climbed to its highest level since 2008. Despite mixed data from the housing market, the dollar managed to keep its momentum. At the time of writing, the EUR/USD pair is trading at the 0.9775 area, 0.8% below its...
Cable moved away from two-week highs on Tuesday as the greenback recovered ground across the board. The GBP/USD pair climbed to 1.1439 on Monday, its highest level since October 5, as the government continued to fold its mini-budget plan. However, the pair failed to hold above the 1.1400 mark. At the time of writing, the GBP/USD pair trades at the 1.1320 area,...
The EUR/USD pair advanced slightly on Monday but remained trading within a narrow range as investors take the backseat ahead of a quiet week. With the most relevant data already behind, the U.S. bond yields and risk sentiment will dictate the pace of the markets in the following sessions. At the time of writing, the EUR/USD pair is trading at daily highs at the...