The Euro managed to find support during the trading week, initially dipping but eventually rallying close to the 1.09 level. With an eye on the 1.10 resistance, traders are considering the potential for further growth, taking into account various global economic concerns and the influence of the European Central Bank (ECB). Euro Finds Support Near […]
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Euro Dollar – Potential Upside Amid Global Economic Concerns
By Forexer
The ECB to Drive EUR/USD Momentum
By eurusd.co
The EUR/USD has another important week ahead with the ECB interest rate decision likely to be the key event. Economic conditions remain stagnate in the Eurozone and that might force the ECB to shift their monetary policy from neutral back to dovish. Re…
The EUR/USD Weakens Ahead of the ECB Minutes
By eurusd.co
The EUR/USD is back trading at near two-year lows and testing strong support after an ECB official suggested there could be some more bank loans ahead given the state of the Eurozone. This week ahead will feature the ECB minutes which will potentially …
A Weak Greenback Boosting the EUR/USD
By eurusd.co
The EUR/USD has been stronger over the last week after the fallout from the FOMC hurt the USD. Jerome Powell and the US Federal Reserve have turned dovish and that has seen the USD weaken considerably. Read More on eurusd.co
ECB Rates Decision to Drive the EUR/USD
By eurusd.co
The EUR/USD has had a rough week as price deteriorated into the Friday and the momentum is now to the downside. This week, all the attention will firmly be on the ECB meeting and what ECB President Mario Draghi has in mind for the next rate hike. Read …
ECB Minutes in Focus for the EUR/USD
By eurusd.co
The EUR/USD has been holding relatively steady in recent weeks as the volatility and turmoil has certainly taken its toll across the financial markets. This week, we will be looking for any hint of a change in monetary policy from the ECB in their minu…
FOMC in Focus for the EUR/USD
By eurusd.co
The EUR/USD has the potential to get a bit of boost this week as most of the attention will be on the FOMC. While the Fed is expected to raise US interest rate in December, the outlook might not be a hawkish as many have previously thought. Read More o…