Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Indices

USD rebounds as risk appetite improves – Danske Bank

Source Fxstreet

The US Dollar (USD) caught a bid across G10 FX yesterday as safe-haven flows took a breather amid improved risk sentiment, with the JPY, CHF, and particularly gold weakening, Danske Bank's FX analysts report.

EUR/USD to retain a mild topside bias

"Softer May euro area inflation data had limited market impact, with around 57bp of ECB rate cuts still priced in for the full year and a 25bp cut effectively fully priced for tomorrow's meeting. In the US, the JOLTs report painted a mixed picture - job openings and hiring ticked higher against expectations, while involuntary layoffs also edged up modestly."

"Attention now turns to today's ADP employment report and ISM services data, ahead of Friday's May payrolls. Overall, we continue to see EUR/USD as a reflection of USD vulnerability rather than EUR strength."

"With policy risks elevated, economic momentum slowing, and investor confidence still fragile, the USD likely requires a clean, data-driven narrative shift to regain traction. Until then, we expect EUR/USD to retain a mild topside bias."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

What Crypto Whales are Buying For May 2025 Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Author Beincrypto

Apr 21, Mon

Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in May Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.

Author Beincrypto

May 07, Wed

Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.

Ark Invest’s Cathie Wood Predicts Bitcoin To Hit $1.5 Million By 2030 — Here’s Why Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030.

Author Bitcoinist

May 19, Mon

Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030.

BNB Price Forecast: BNB recovery receives boost as trading volume hits $11.35 billion, highest yearly level BNB (BNB) is extending its recovery, trading around $670 on Tuesday after rebounding from a key level over the weekend. On-chain data and technical outlook suggest a rally ahead as BNB breaks above the symmetrical triangle pattern, with ecosystem trading volume and stablecoin activity surging.

Author FXStreet

Jun 03, Tue

BNB (BNB) is extending its recovery, trading around $670 on Tuesday after rebounding from a key level over the weekend. On-chain data and technical outlook suggest a rally ahead as BNB breaks above the symmetrical triangle pattern, with ecosystem trading volume and stablecoin activity surging.

Silver Price Forecast: XAG/USD bulls have the upper hand near mid-$34.00s, just below YTD top Silver (XAG/USD) struggles to capitalize on the overnight bounce from sub-$34.00 levels and oscillates in a narrow trading band during the Asian session on Wednesday.

Author FXStreet

Jun 04, Wed

Silver (XAG/USD) struggles to capitalize on the overnight bounce from sub-$34.00 levels and oscillates in a narrow trading band during the Asian session on Wednesday.

Related Instrument