EUR strengthens as market’s most traded currency pair begins the week at 1.0940. The euro (EUR) demonstrates strength as the market’s most traded currency pair, commencing the week around 1.0940 against the US dollar (USD). The diminished enthusiasm for the US dollar can be attributed to the anticipation of a soft “downturn” in global economies and the
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The market’s most traded currency pair climbed to 1.0800 on Tuesday.The market has a risk appetite at the beginning of a crucial week, with the meetings of the Federal Reserve System and the European Central Bank in the foreground.The Fed will make its interest rate decision by Wednesday night. The rate will most likely remain
By MaiMarFX (Marios Krausse)CurrenciesMar 16, 2023 07:27 Yesterday we saw how the market reacts when panic sets in. Panic about a new banking crisis, panic about deposits at Europe’s largest banks. After the collapse of Silicon Valley and Signature Bank in the USA, Credit Suisse (SIX:) is also in a fragile position. Investors fear a
The market keeps floating on the waves of uncertainty. On Monday, a barrel is trying to grow to 83.45 USD. However, purchases do not look reassuring.On the one hand, investors keep an eye on the global supply/demand balance.China has not demonstrated yet the activity that everyone is expecting from it, and this prevents the quotes
By mid February, the market major has got even deeper down. At the beginning of the week, it is mostly fluctuating near 1.0670. The USD against the EUR is at its five-month high. This is because the market is anticipating the US CPI for January. The Fed remains carnivorous about the interest rate
By MaiMarFX (Marios Krausse)CurrenciesJan 30, 2023 08:50 After several weeks of lackluster momentum, market participants are now bracing for a heavy loaded week of event risk with not only three crucial Central Bank meetings on tap but also the U.S. nonfarm payrolls at the end of this week. The first risk event will be Wednesday’s
By MaiMarFX (Marios Krausse)CurrenciesJan 16, 2023 08:41 Welcome to a new trading week. : As indicated last week, there was a bullish breakout pattern and bulls took advantage of this opportunity against the backdrop of a weakening U.S. dollar, driving the euro above the 1.08 threshold. We were able to pocket some good gains in