EUR/USD posted a slow advance on Monday, moving to the upper end of a short-term consolidation just above the 1.0500 level, albeit with a lack of real conviction. European data is relatively limited this week, leaving Fiber traders to face a slew of important data on the US side.
Markets largely ignored appearances by a number of European Central Bank (ECB) officials to start the new week. December European PMI figures beat expectations, but the Services PMI survey remained in contraction as concerns over a deepening economic slowdown in Europe continue to unsettle investors and businesses.
Markets are anticipating the Fed's interest rate decision on Wednesday, with a 25 bps rate cut fully priced in at 99.1%, according to the CME's FedWatch Tool. Traders will be watching the Fed's revised Summary of Economic Projections (SEP) and policymakers' rate forecasts.
US PMI data for December presented a mixed picture: Services PMI hit a multi-year high, while Manufacturing PMI fell further below 50.0, indicating contraction. Retail Sales figures are due on Tuesday but are likely to attract limited market attention ahead of the Fed's final interest rate decision of the year.
Source: FXStreet
The EUR/USD pair remains practically flat on Friday, relatively close to three-week highs hit on the previous day. The US Dollar is a tad firmer, supported by positive US macroeconomic data which prov...
EUR/USD weakened more than 0.20% on Thursday after solid economic data from the United States weighed on the common currency, which benefited from the European Central Bank's (ECB) decision to keep in...
The EUR/USD pair strengthened during the North American session, rising 0.16%, as rumors grew that the United States and the European Union (EU) would soon sign a deal similar to the one signed betwee...
EUR/USD pulls back from two-week high of 1.1761 reached on Tuesday, trading around 1.1740 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground. United States (...
The EUR/USD pair is posting marginal gains ahead of the US Session opening on Tuesday as the US Dollar retreats further with trade uncertainty growing. Meanwhile, a rather positive Lending survey from...
The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as...
Oil prices weakened on Friday (July 25th) and closed at a three-week low as traders worried about negative economic news from the US and China and signs of increasing supply. The losses were limited by optimism that a US trade deal could boost...
Gold prices weakened on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations, which have dampened demand for safe-haven assets. Spot gold fell 0.9% to $3,336.01 an ounce at 2:01 PM ET (18:01 GMT). U.S....
European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US...
Equities in Indonesia rose 64 points, or 0.9%, to 7,555 around noon on Thursday, gaining for a second straight session and supported primarily by...
The European Central Bank (ECB) is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at...
The U.S. Federal Reserve's independence is under threat from mounting political interference, according to a clear majority of economists polled by...