Trending Articles- Today’s Market Recap: US and Iran Signal Willingness to End Conflict, Three Major US Stock Indexes Surge, Dollar Ends Five-Day Winning Streak
- Trump Withdrawal Intent Reshapes Liquidity, Bitcoin Breaks $68,000 Mark
- Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflicts
- USD/JPY Hits 160.00 Mark, Will Japanese Government Intervene? Will the Currency’s Rally Be Contained?
- Seesaw Effect Continues. US Pre-Market Three Major Index Futures Weaken, Oil Prices Rise, Bitcoin Drops Below 68,000 Mark
- Brent: Forecast lifted with $150 risk – Societe Generale
■EUR/USD cycled familiar levels on Tuesday as investors await a reason to move.
■Wednesday kicks off key date slated for the back half of the trading week.
■Fedspeak dominates headlines, tempering risk appetite.
EuR/USD stuck closely to familiar levels on a sedate Tuesday market session. Talking points from Federal Reserve (Fed) officials dominated headlines, but provided little new information for investors to digest, keeping risk appetite suppressed and stapling bids close to opening prices.
Forex Today: No progress ahead of FOMC Minutes
The latest Meeting Minutes from the Federal Reserve (Fed) will be published on Wednesday, and investors will be looking for any signs of a structural shift in the Fed’s internal dialogue regarding rate cuts. Thursday follows up with Purchasing Managers Index (PMI) activity figures from both the EU and the US, and Friday will round out the trading week with US Durable Goods Orders.
EUR/USD technical outlook
The Euro (EUR) is close to flat against the US Dollar (USD) this week, trading within a fifth of a percent from Monday’s opening bids. EUR/USD is caught on the high side of a near-term upswing, and the pair is under threat of a bearish pullback to the 200-day Exponential Moving Average (EMA) at 1.0786 after failing to break north of the 1.0900 handle.
EUR/USD daily chart
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
