EURUSD=X - EUR/USD
| Previous Close | 1.0731 |
| Open | 1.0726 |
| Bid | 1.0725 |
| Day's Range | 1.0725 - 1.0726 |
| 52 Week Range | 0.9540 - 1.1094 |
| Ask | 1.0719 |
FX EmpireEUR/USD Weekly Price Forecast – Euro Has a Tough Week
The euro has plunged during the trading week, as we are now testing a major uptrend line.
FX EmpireEUR/USD Forecast – Euro Continues to Test a Trendline
The euro initially tried to rally during the day on Friday but gave back gains rather quickly.
FX EmpireEUR/USD Forecast – Euro Continues to Fall
The euro has fallen a bit during the trading session again on Thursday, as it looks like we are heading toward the 200-Day EMA.
- Investing.com
Dollar in demand after Fitch signals possible U.S. rating downgrade
The U.S. dollar gained in Europe Thursday, climbing to a two-month high on rising fears of a U.S. default as Fitch threatens a rating downgrade. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 103.955, just below the 104.05 overnight peak, the highest level since mid-March. The dollar’s safe haven status has meant that it has benefited from the lack of progress in the talks to lift the U.S. government's $31.4 trillion debt ceiling, with the early-June deadline that Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of money drawing nearer.
FX EmpireEUR/USD Forecast – Euro Sees Choppy Wednesday
The euro has gone back and forth during the trading session on Wednesday, as we continue to determine whether or not we can go lower, or if we are going to turn things around.
- Investing.com
Goldman Sachs doubts the bullish potential of EUR/USD, confirms target at 1.10
Investing.com -- After an April that yielded a yearly high of 1.1095, the EUR/USD has so far had a rough month of May, with the currency pair dropping to a low of 1.0760 on Tuesday and remaining under pressure on Wednesday, a weakness that analysts at Goldman Sachs attempted to explain in a note published last night.
- Reuters
ECB's Panetta: Digital euro could be launched in three to four years
A digital euro could be launched in three or four years but banknotes will be available as long as there is demand for them, Fabio Panetta, a member of the European Central Bank's Executive Board, told Les Echos. To make the digital euro interoperable with other central bank digital currencies, the ECB was working closely with the central banks of the U.S., Britain, Switzerland, Canada, Japan and Sweden.
- Investing.com
Dollar stabilizes ahead of Fed minutes as debt negotiations continue
While talks between both political parties continue over the lifting of the U.S. government's $31.4 trillion debt ceiling, any progress seems to be hard won and there are few signs of a deal being reached anytime soon. There’s now just over a week before the early-June deadline that U.S. Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of sufficient cash to function as normal.
FX EmpireEUR/USD Forecast – Euro Continues to Sort Out a Bottom
The euro fell a bit during the trading session on Tuesday, but then turned around to bounce a bit and show signs of life.
FX EmpireThe Future of Forex: ChatGPT’s Role in Shaping the Currency Trading Landscape
Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions?
- Investing.com
Dollar edges higher; Fed rate hike in June still possible
The U.S. dollar gained in early European trade Tuesday, with risk sentiment on the slide as the debt ceiling impasse continued and following hawkish comments from Fed officials. U.S. President Joe Biden and House Speaker Kevin McCarthy ended discussions late Monday with no agreement on how to raise the U.S. government's $31.4 trillion debt ceiling. U.S. Treasury Secretary Janet Yellen added to the urgency of the situation by stating that it’s now “highly likely” that her department will run out of sufficient cash in early June.
FX EmpireEUR/USD Forecast – Euro Rallies to Kick Off the Week
The euro has rallied a bit during the trading session on Monday, as the market continues to see a lot of noisy behavior going forward.
- Investing.com
Dollar edges lower; debt ceiling talks, Powell's comments in focus
The U.S. dollar edged lower in early European trade Monday amid uncertainty surrounding the U.S. debt ceiling negotiations and after dovish comments from Fed chair Jerome Powell. The dollar received a blow late last week as negotiations over the potential raising of the U.S. debt ceiling, and thus avoiding a very damaging default, suddenly broke down with Republicans walking out of the meeting. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are set to meet later Monday, but compromises will have to be made and thus more brinkmanship is to be expected ahead of early June, when the Treasury is seen running out of money.
FX EmpireEUR/USD Weekly Forecast – Euro Has Had a Tough Week in Volatile Trading
The euro initially tried to rally during the course of the trading week but then gave back gains near the 1.0950 level to start selling off again.
FX EmpireEUR/USD Forecast – Euro Bounces Into the Weekend
The euro bounced during the trading session on Friday as we have seen a bit of a fight in this market.
- Investing.com
Dollar slips from two-month high; Fed rate expectations in focus
The U.S. dollar edged lower in early European trade Friday, but remained near a two-month high as strong labor data and optimism that a U.S. debt default can be avoided pointed to the Federal Reserve retaining a tight monetary policy for longer. The dollar index is on course to record gains of just under 1% this week as news of constructive talks to end the current debt ceiling impasse in Washington raised optimism that a deal can be reached, thus avoiding a damaging debt default. This has put the spotlight firmly back on the Federal Reserve and what it will decide over future interest rate moves.
FX EmpireEUR/USD Price Forecast – Euro Continues to Drift Lower
The euro continues to drift lower on Thursday, as the US dollar is getting a bit of a reprieve. Whether or not this is a simple pullback or a change of direction remains to be seen.
- Reuters
Euro zone bond yields climb on hopes for U.S. debt ceiling deal
Euro zone bond yields rose on Thursday as risk sentiment improved on optimism that the United States could reach a deal to raise the debt ceiling and avoid a default in the world's largest economy. U.S. President Joe Biden and congressional Republican Kevin McCarthy underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling. Germany's 10-year government bond yield, the benchmark for the euro zone, rose to its highest since May 2, up 4 basis points (bps) on the day to 2.38%.
- Investing.com
Dollar edges higher; U.S. debt negotiations in focus
The U.S. dollar rose in early European trade Thursday as negotiations to end the debt ceiling standoff in Washington have yet to result in a deal, while more Fed officials are due. President Joe Biden and top U.S. congressional Republican Kevin McCarthy have agreed to negotiate directly over the raising of the government's $31.4 trillion debt ceiling, after a months-long standoff. This has raised optimism that a deal can be reached to avoid a damaging debt default, but a cautious air has tempered risk-taking.
FX EmpireEUR/USD Forecast – Euro Continues to Drop
The euro has fallen again during the trading session on Wednesday, as we continue to see a lot of negativity. Because of this, the market is likely to test the 1.08 level, and possibly even drop down to the 200-Day EMA.
ReutersSAP raises 2025 outlook, launches 5 bln euro share buyback
SAP raises 2025 outlook, launches 5 bln euro share buyback
FX EmpireEUR/USD Forecast – Euro Testing 50 Day EMA
The euro initially tried to rally during the trading session on Tuesday, but gave back gains to show signs of hesitation at the 50 day EMA.
- Financial Times
The digital euro: a solution seeking a problem?
Europe’s central bank is pushing ahead with the development of electronic currency even as politicians question its purpose
- Investing.com
Dollar stabilizes near five-week high ahead of more debt ceiling talks
The potential for a U.S. default of its debts if a deal is not done to lift the country’s borrowing limit, which Treasury Secretary Janet Yellen reiterated could be hit as soon as June 1, has helped the dollar push higher of late, with traders seeking the greenback given it is often used as a safe haven in times of stress. The main parties are expected to meet once more later Tuesday, with President Joe Biden expressing confidence a deal can be done, but Republican House of Representatives Speaker Kevin McCarthy said on Monday that the two sides were still far apart. The Federal Reserve raised interest rates last week for a 10th straight time, but hinted that it may be about to pause its aggressive policy tightening as it studies incoming economic data and assesses the impact of the tightening to date.
FX EmpireEUR/USD Forecast – Euro Attempts to Recover on Monday
The euro bounced a bit during the early hours on Monday, to show signs of life. However, the market has seen significant selling in the past.