TAG: eur-usd
German Manufacturing PMI Falls from 42.5 to 41.9 in March
On Tuesday, the German manufacturing sector was in the spotlight.German Manufacturing PMIIn March, the German Manufacturing PMI declined from 42.5 to a five-month low of 41.9, slightly higher than the preliminary figure of 41.6.According to the finalized...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: PMI Surprises, Dollar Eyes 105.25
Market OverviewThe EUR/USD recently saw Spanish Unemployment Change outperforming expectations at -33.4K against the forecasted 10.0K. Additionally, the Spanish Manufacturing PMI stood at 51.4, slightly above the anticipated 51.1.Events AheadIn the upcomi...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
France: Higher-than-expected 2023 Deficit Tests Fiscal Targets
Rebuilding France’s (rated by Scope Ratings AA/Negative Outlook) fiscal buffers is more difficult because of the higher-than-expected budget deficit of 5.5% of GDP in 2023, exceeding government projections of 4.9%. This deviation reflects an excess defici...
6 months ago
EUR/USD Forecast – Euro Continues to See Support
Euro vs US Dollar Technical AnalysisAs you can see, the Euro initially fell a bit during the trading session on Tuesday, but it looks like it is finding a little bit of support just above the 1.07 level, an area I’ve been talking about for some time. I th...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back From Multi-Month Highs
U.S. DollarDXY 020424 4h ChartU.S. Dollar Index is losing ground as traders react to the JOLTs Job Openings report, which indicated that JOLTs Job Openings remained unchanged at 8.75 million in February. Factory Orders increased by 1.4% month-over-month i...
6 months ago
EUR/USD Ahead of Euro Area Inflation Release
ECB Dovish StanceRecently, the ECB adopted more of a dovish stance.ECB President Christine Lagarde noted that the eurozone’s economy is in a disinflationary process and added that inflation is ‘making good progress’. Lagarde added that they are confident...
6 months ago
The Week Ahead: The US CPI Report and Fed Chatter in the Spotlight
The US DollarOn Monday, NY Fed 1-Year Consumer Inflation Expectation figures will kick-start the week for the US dollar. A pickup in consumer inflation expectations could lead to decreased consumer spending as individuals may adjust their expenditure plan...
6 months ago
ECB and US CPI in the Headlights This Week
Last week ended with the US Employment Situation Report. Markets witnessed a monster beat for employment growth; the US economy added more than 300,000 jobs in the month of March versus a median estimate of 210,000 (prior data: small downward revision fro...
6 months ago
Global Interest Rate Decisions: A Week of Central Bank Action (or Inaction)
Still, this week promises to be interesting for global monetary policy, as traders and investors will be looking for clues on when interest rates might be going down.As expected in our previous article, the Swiss National Bank (SNB) and the Bank of Japan...
6 months ago
German Trade Surplus Narrows to €21.4 billion as Exports Fall by 2.0% in February
On Monday, the German economy was in focus. German trade terms and industrial production numbers drew investor attention.German Trade Surplus Narrows as Exports DeclineIn February, the German trade surplus narrowed from €27.6 billion to €21.4 billion. Eco...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Breaks $104; US NFP Bolsters Trend
Market OverviewOn Friday, the US Non-Farm Employment Change exceeded expectations at 303K, hinting at a resilient labor market, while the Unemployment Rate dipped to 3.8%. In Europe, German Industrial Production surged to 2.1%, signaling strength in the m...
6 months ago
Octa’s Review Of Upcoming Central Bank Decisions
The monetary policies of central banks determine exchange rates. Therefore, the market pays close attention whenever a central bank holds another meeting and changes its monetary policy. Three central banks—the Reserve Bank of New Zealand (RBNZ), the Bank...
6 months ago
Octa’s Research: Inflation in the U.S. is Still a Concern
The U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) report on Wednesday, 10 April.The latest U.S. inflation report showed that rising prices continue to pressure U.S. consumers. The annual consumer inflation in February 2024 ti...
6 months ago