Trending Articles- Trump Blockade of Strait of Hormuz Drives Oil Price Surge, Will This Be Another TACO?
- Silver Price Forecasts: XAG/USD approaches $78.00 boosted by Iran peace hopes
- Nasdaq Index Rises for 10 Straight Days, Why Has Tesla Barely Risen?
- WTI jumps roughly 8% toward $100 as US blockades Strait of Hormuz
- WTI drifts higher to near $89.00 amid Lebanon-Israel ceasefire strains
- AUD/USD climbs above 0.7170 as truce hopes lift risk appetite
■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.
