The EUR/USD stagnates during Monday's session, virtually unchanged, after Friday's rally of over 1.52% following a worse-than-expected Nonfarm Payrolls report, which triggered a ramp-up of expectations for a Federal Reserve rate cut at the September meeting. The pair trades near Friday's closing price.
The Euro failed to rally, even though some developments pressured the US Dollar. The latest employment report witnessed a revision of the May and June figures, which were sharply revised downward , triggering the firing of the US Bureau of Labor Statistics (BLS) head.
That data, along with a weak ISM Manufacturing PMI reading, triggered a reaction by investors who seem confident that the Fed might ease policy at least by 59 basis points (bps) to support the economy.
Today's data revealed that Factory Orders in June plummeted as expected, ahead of a light calendar that will feature the announcement of the ISM Services PMI, Jobless Claims, Consumer Sentiment data, and Fed speakers.
Across the pond, the Eurozone Sentix Investor Confidence Index tumbled in August to -3.7, following July's 4.5, according to the latest survey. The Current Situation sub-component declined in August compared to July. The survey noted that "The tariff agreement is proving to be a real mood killer."
EU to suspend trade countermeasures on the US for six months as part of the US/EU trade agreement.
The odds for a 25 bps rate cut by the Fed at the September meeting are at 90%, according to Prime Market Terminal data.
Source: Fxstreet
EUR/USD is steady late during the North American session as investors digest a soft jobs report and shrugs off the shutdown of the US government. The lack of an agreement between the White House and D...
EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed ...
EUR/USD registers gains of over 0.20% on Monday amid worries of a possible government shutdown in the US, while data in the Eurozone, showed that sentiment improved but failed to propel the shared cur...
EUR/USD continued its rally for the second consecutive session, trading around 1.1720 during the Asian session on Monday. The pair strengthened as the US dollar (USD) weakened after the August US infl...
EUR/USD is posting moderate gains on Friday, trading near 1.1675 at the time of writing on Friday from 1.1645 daily lows, but remains on track for a 0.55% weekly decline. In the United States (US), a ...
The Nikkei rose at the close on Wednesday (October 15th), led by the property, banking, and textile sectors. Sentiment improved as the market read the Fed's increasingly dovish signals—balance sheet reduction is likely to stop soon—resulting in...
The Australian dollar strengthened against the US dollar on Wednesday, recouping the previous session's losses. This boost came from comments by RBA Assistant Governor Sarah Hunter: recent data appeared slightly stronger than expected, Q3 inflation...
On Wednesday, October 15th, spot silver prices hovered around $51.928/oz, easing from yesterday's record surge that briefly reached $53+ in London. The extreme rally was fueled by a physical metal shortage in London—driving up the spot premium over...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on...
European stocks started the week in positive territory, with the STOXX 50 rising 0.9% and the STOXX 600 adding 0.6%, as traders geared up for the...
President Donald Trump arrived in the Egyptian resort of Sharm El-Sheikh on Monday for a summit with several other world leaders aimed at ensuring...
President Donald Trump's administration on Sunday signaled openness to a trade deal with China, even as tensions escalated over Beijing's new export...