EUR/USD Stuck in Range Despite Stronger Bullish Bias

Summary The European Central Bank (ECB) delivered a widely expected 25 bps cut to its Deposit Rate to 3.50% at today’s monetary policy announcement, but remained relatively cautious about the pace of future easing. The ECB said domestic inflation and wages are elevated, but that labor cost pressures are moderating. The ECB was also guarded […]

EUR/USD: US Economy Delivers Surprises The two most significant events last week occurred on Thursday, January 25. On this day, the European Central Bank (ECB) held a meeting, and preliminary GDP data for the US for Q4 2023 was published. As expected, the ECB left the key interest rate unchanged at 4.50%. The regulator also […]

U.S. inflation numbers will be in the spotlight on Tuesday as U.S. Federal Reserve officials consider when it might be appropriate to begin lowering interest rates. Inflation pressures eased significantly last year largely without the economic pain that was feared when the Fed began aggressively hiking interest rates. But a resilient economic backdrop and strong […]