As the Fed prepares for an interest rate cut in its September meeting, expectations are rising that the greenback may weaken, making investments in foreign currencies more attractive. Also, driven by a...
The U.S. dollar's recent weakness is driving significant gains in other major currencies, with the euro and British pound reaching new highs for 2024. As traders anticipate potential rate cuts from the...
The euro is the world’s second leading reserve currency behind the U.S. dollar. The euro is the pan-European currency that changed the foreign exchange market at the turn of this century. The euro fell...
The (EURUSD) is in the late stages of a Bull Flag consolidation (on the weekly chart) after forming a fresh March high last week. Odds are elevated for an extension of the upchannel (on the weekly chart)...
The U.S. dollar is the world’s leading reserve currency, but the euro is the second most-held foreign exchange instrument. Central banks and monetary authorities hold reserve currencies in significant...
The (EURUSD) is edging higher after the post-FOMC surge, but will likely see healthy profittaking by the weekend back to below the psychologically key 1.10 whole figure level. The EURUSD’s massive...
The (EURUSD) appears to be gearing up to complete the 2 week plus Bull Flag consolidation and retest the psychologically key 1.05 whole figure level before the weekend. With the EURUSD comfortably above...
The (EURUSD) is trying to gain for a 3rd straight day, nearly complete on the Bull Flag consolidation of the past week after forming a fresh November high. Odds are elevated for a test of the psychologically...
The (EURUSD) is consolidating after the strong bounce from the 2022 low (in September). Although the EURUSD is vulnerable today to a bit more healthy profittaking, odds are elevated for a weekly close...
The bearish trend in the currency relationship between the euro and the US dollar began in 2008 and continues in 2022. The European currency has steadily declined from early 2021 through March 2022. The...