EUR/USD price remains flat after falling from daily highs. The removal of Fed Governor Cook created chaos in the market. The imposition of US digital taxes can initiate another trade war between the EU and the US. The EUR/USD price remains flat near 1.1630, at the time of writing, during the early European session. The…
The post EUR/USD Price to Range Amid US Politics, EU Concerns appeared first on Forex Crunch.
The EUR/USD pair exhibits a range-bound momentum as markets anticipate the release of September’s Non-Farm Payroll this week. ECB officials affirm that interest rates should remain unchanged as inflation and economic growth risks remain balanced. FOMC officials’ commentary could lead the traders to reposition. The EUR/USD outlook indicates that the pair is consolidating near 1.1590,……
The USD/CAD forecast indicates a sharp pullback from Friday’s peaks. The pair dropped last week as Trump renewed his attacks on the Fed. US data revealed that inflation rose by 0.2% compared to estimates of 0.1%. The USD/CAD forecast suggests a sharp pullback from Friday’s peaks as focus shifts back to US monetary policy. Initially,……
The EUR/USD price attempted a recovery above 1.1600 amid a weakening US dollar. Prolonged geopolitical instability could accelerate the dollar and weigh on the euro. Traders look forward to comments from FOMC members for insight about the policy cues and economic outlook. The EUR/USD forecast highlights an effort to find acceptance above 1.1600 amid expectations……
The GBP/USD price tested 2-week lows under 1.3400 after the Fed meeting minutes. The UK economic data shows resilience, but the inflation concerns remain worrying. All eyes are now on Powell’s speech at the Jackson Hole Symposium GBP/USD price dipped to a two-week low under 1.3400 on Friday as the Greenback gained strength after the……
The USD/JPY price analysis indicates resilience in the yen. Japan’s Ishiba said he would remain the Prime Minister despite losing the majority of seats in the Upper House. Trump has threatened a 25% tariff on Japan starting August 1. The USD/JPY price analysis indicates resilience in the yen after Prime Minister Shigeru Ishiba announced he……
The AUD/USD forecast remains subdued amid Middle East chaos. US attacks on Iran provoked Iran to choke Hormuz Strait, deteriorating the risk sentiment. Mixed Aussie data may not prevent RBA to cut further. The AUD/USD forecast slipped as the pair started the week under pressure, posting fresh five-week lows near 0.6400 as geopolitical tensions weighed……
