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EUR/USD: Dovish Fed Reversal The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day later. As a result, the euro emerged victorious: for the […]

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31/07/2024

Market Analysis: AUD/USD Remains At Risk While NZD/USD Attempts Recovery

AUD/USD declined heavily from well above 0.6650. NZD/USD also tumbled and is now attempting a recovery from 0.5850. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a major decline below the 0.6610 level against the US Dollar. There is a connecting bearish trend line forming with resistance near 0.6530 […]
08/03/2024

NFP: USD Hungers For Revitalization

The USD Index (DXY) dipped below the 103.00 support level for the first time since early February, indicating a significant decline in the US dollar. The focus on March 8 will be on the release of Non-farm Payrolls, the Unemployment Rate, and a speech by the Fed’s J. Williams. EURUSD reached new multi-week highs near […]
17/07/2024

EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff

Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively. EU services inflation remains persistently high and is unlikely to decrease significantly in the near future. A challenge for the ECB? EUR/USD is approaching a key resistance zone around 1.0950 ahead […]