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EUR/USD climbed to 1.0453 on Friday, reaching a two-week high and maintaining stability. Key drivers behind EUR/USD movement The euro’s gains accelerated after US President Donald Trump signed a memorandum to review retaliatory duties without immediately imposing new tariffs. This decision eased investor concerns, reducing fears of an aggressive US response that could have added […]

The post EUR/USD Significantly Rises as Risks Diminish appeared first on Action Forex.

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21/08/2024

EUR/USD Outlook: Bulls Taking a Breather Under New 2024 High, Eye Fresh Signals from Fed

EURUSD reduced speed after steep rally in past three days which hit new 2024 top (1.1132) just ticks ahead of Dec 2023 top (1.1139). The single currency continues to benefit from risk appetite and weak dollar on Fed rate cut expectations, with release of FOMC minutes today, to shed more light on the depth of […]
13/06/2024

Dollar Pared Some of Sharp Losses in Wake of Fed

Markets The Fed kept the policy rate unchanged at 5.25-5.5% yesterday. The expected decision was accompanied by a statement that mentioned “modest” further progress towards the 2% inflation objective instead of the “lack” of it in the May edition. It’s the only change and feels like a post-CPI addition. The dot plot entailed bigger changes […]
13/08/2024

UK Labour Market Deteriorates Despite Falling Unemployment Rate

The British Pound jumped 0.25% against the Dollar and 0.33% against the Euro due to the employment data. Although key parameters of the report exceeded market expectations, the overall negative trend remains. In the three months to June, the unemployment rate fell to 4.2%, in sharp contrast to the previous two months (4.4%) and beating […]