EURUSD Drops as ECB Paves Way for Rate Cut and QE Restart
EURUSD dips as ECB changes forward guidance to allow for a rate cut in September.
EUR Softer Ahead of ECB, IFO Figures Continue to Show Weakness
EURUSD heads towards two-year lows as weakening data from Germany continues to fuel concerns about the growth of the Eurozone. ECB likely to restart QE cementing the case for a rate cut in September.
EURUSD May Break Key Support if PMI Data Fuels ECB Rate Cut Bets
EURUSD may break below an 18-month resistance-turned-support channel if Eurozone PMI data fuels ECB rate cut expectations at this weeks meeting, though downside momentum may be curtailed.
EUR/USD May be in for ECB Shock, GBP/USD Weakness Persists - US Market Open
EUR/USD May be in for ECB Shock, GBP/USD Weakness Persists - US Market Open
Weekly Trading Forecasts: EURUSD Top Fundamental Candidate on Fed Speculation, ECB Decision Approaches
We may find the top scheduled event risk next week displaced for market moving potential by an increasingly volatile theme. Key event risk ahead includes Fridays US 2Q GDP update and the global PMIs for July which would seem to put the focus on growth and recession concerns. Yet, the
EURUSD Drops as Italy Risks Snap Elections, USDCAD Spikes - US Market Open
EURUSD Drops as Italy Risks Snap Elections, USDCAD Spikes - US Market Open
EURUSD May Rise if Sentiment Data Amplifies Fed Rate Cut Bets
EURUSD may continue jumping if University of Michigan sentiment data shows weakness and amplifies what are already-aggressive Fed rate cut expectations
EURUSD May Extend Decline if Eurozone CPI Misses Estimates
EURUSD may extend Mondays decline and re-enter a critical resistance-turned support channel if Eurozone CPI data misses estimates and fuels rate cut bets.
EURUSD May Fall on Industrial Production as Growth Outlook Dims
EURUSD will be closely watching the publication of industrial production data after the European Commission revised down the growth outlook for the Eurozone.
EURUSD Re-Enters 18-Month Resistance Range as US Dollar Rallies
EURUSD may break below the lower lip of the 18-month descending resistance channel if fundamental risks worsen and push the US Dollar higher.
EURUSD May Have Volatile Spikes: Thinner Liquidity on US Holiday
EURUSD may experience volatile spikes as US markets close for the July Independence Day holiday, leaving markets thinner and exposing the pair to potentially violent swings.
EURUSD Retreat May be Mitigated by US Data - GBP Eyeing BoE
EURUSDs retreat from resistance may be alleviated if US economic data underperforms and boosts rate cut expectations. Meanwhile, GBP will be eyeing commentary from BoE officials.
EURUSD Shrugs Off IFO Figures as It Continues to Push Higher
EURUSD continued to push higher this morning as the pair headed towards the 1.1388 handle despite IFO figures about future expectations being lower than anticipated.
EURUSD May Look Past Draghi Comments with FOMC in the Spotlight
While yesterday the Euro took a hit after ECB President Mario Draghi alluded to possible future cuts and reintroduction of QE, markets may look past them as their attention turns to the FOMC.
EUR Hit Hard as Draghi Hints at Further QE, Key Focus on ECB Sintra Panel
EUR is eyeing its worse trading day in June as Mario Draghi reiterates that further economic stimulus is to be expected if market conditions continue to worsen. EURUSD falls below 1.1200 for the first time since the beginning of the month.
Euro Braces for German ZEW Survey, Commentary from ECB and Draghi
EURUSD may fall if German ZEW data underperforms and commentary from ECB officials continues to underscore a need to introduce more Eurozone stimulus.
EURUSD May Fall on Draghi Comments - Italy Budget Risks Escalating
EURUSD will be watching tomorrows meeting in Portugal where ECB officials – along with BoE Governor Mark Carney – will be discussing whether the Eurozone needs more stimulus.
EURUSD Sinks Towards 2019 Lows as US Dollar Soars on Retail Sales
EURUSD sunk through support, verifying a prior false upside breakout as the US Dollar soared on local retail sales and industrial production data. NZDUSD at risk to incoming data.
EURUSD May Fall on US Retail, Sentiment Data. GBP Eyeing Carney
Growing demand for liquidity amid risk aversion may pull EURUSD lower even if US data underperforms and tilts the Fed to a more dovish disposition. GBP eyeing BoEs Mark Carney.
Euro Braces for Draghi Speech, USD May Fall on Local CPI Data
The Euro and US Dollar will be closely watching major cross-Atlantic event risk as ECB President Mario Draghi prepares to speak in Germany while the US Dollar braces for local CPI data.