EUR/USD stabilizes after pullback from December highs – Scotiabank

Source Fxstreet

The Euro (EUR) is trading marginally higher against the US Dollar (USD), consolidating after its retreat from late-December highs as European Central Bank (ECB) commentary strikes a more balanced tone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

ECB rhetoric turns more neutral as EUR consolidates

"The EUR is steady, up fractionally vs. the USD as it consolidates its recent pullback from its late December highs around 1.18. Fundamental releases have been limited and comments from the ECB have reintroduced a slightly more neutral bias with comments from GC Villeroy highlighting both upside and downside risks."

"The EUR’s latest pullback looks to have found support around the 50 day MA at 1.1660 and momentum remains close to neutral with an RSI hovering just below the diving threshold at 50. We look to a nearterm range bound between 1.16 and 1.17."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Dollar Index steadies above 99.00 ahead of Retail Sales, PPI dataThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.
Author  FXStreet
6 hours ago
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.
placeholder
Bitcoin Eyes $92K Breakout as Stocks Reach Fresh Records on Soft US CPI DataBitcoin nears $93,000 as lower-than-expected US inflation data supports a surge in risk assets.
Author  Mitrade
13 hours ago
Bitcoin nears $93,000 as lower-than-expected US inflation data supports a surge in risk assets.
placeholder
Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
Author  FXStreet
14 hours ago
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
placeholder
Bank Stocks Lead US Equities in 2026; Wall Street Warns Guidance Matters More Than Earnings.Bank stocks will release fourth-quarter earnings this week, kicking off the 2026 U.S. earnings season.Tuesday will see JPMorgan Chase (JPM) reporting earnings, while Citigroup (C) , Wells
Author  TradingKey
Yesterday 10: 15
Bank stocks will release fourth-quarter earnings this week, kicking off the 2026 U.S. earnings season.Tuesday will see JPMorgan Chase (JPM) reporting earnings, while Citigroup (C) , Wells
placeholder
Bitwise Slams 401(k) Bitcoin Ban as ‘Ridiculous’ Amid Warren’s Pressure on SECU.S. President Donald Trump's executive order has paved the way for cryptocurrencies to be included in 401(k) retirement plans, igniting debate on their volatility.
Author  Mitrade
Yesterday 08: 34
U.S. President Donald Trump's executive order has paved the way for cryptocurrencies to be included in 401(k) retirement plans, igniting debate on their volatility.
Related Instrument
goTop
quote