The EUR/USD pair struggles to gain any meaningful traction on the first day of a new week and oscillates in a narrow trading band, just above mid-1.05
The prospects for further policy tightening by the Federal Reserve trigger a fresh leg up in the US Treasury bond yields, which continues to underpin the US Dollar . Apart from this, expectations that additionalrate hikes may be off the table for now act as a headwind for the EUR/USD pair. That said, the risk-on impulse holds back traders from placing fresh bets around the safe-haven Greenback and lends some support to spot prices.
Some follow-through selling below the daily low, around the 1.0555 area, will reaffirm the negative bias and drag spot prices back below the 1.0500 psychological mark, or the lowest level since January touched last week. The latter coincides with the lower end of the aforementioned trend channel and should act as a pivotal point. A convincing break below will, in turn, set the stage for an extension of the downward trajectory towards testing the 1.0400 round figure.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Euro Q4 Fundamental Forecast: EUR/USD in Peril on Growing Economic RisksThis article is dedicated to examining euro’s fundamental outlook. It offers an exhaustive analysis of EUR/USD, EUR/GBP, and EUR/JPY, providing insights into the pivotal factors that could determine their performance in the fourth quarter.
Weiterlesen »
EUR/USD consolidates in a range just above mid-1.0500s, upside potential seems limitedThe EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, just above mid-1.0500s during the Asian session. Th
Weiterlesen »
USD/MXN Price Analysis: Trades with mild negative bias, dip-buying should help limit deeper lossesThe USD/MXN pair attracts some sellers near the 17.4420 area during the Asian session and trades with a mild negative bias for the third successive da
Weiterlesen »
FX weekly — DXY and 14 currency pair levels and targetsThe EUR/USD V DXY relationship crossed in 2003 at 101.00's. EUR/USD by July 2008 traded to 1.6000's and DXY achieved lows at 73.00's and 71.00's. DXY
Weiterlesen »
ANALYSIS: One year on, who blew up Nord Stream 2?So whodunnit? Who destroyed the Nord Stream 2 at three minutes past midnight on September 26, 2021? Explosives set 262 feet below the surface of th...
Weiterlesen »
USC vs. Colorado: Live updates, start time and analysisCaleb Williams and USC look to keep their undefeated season going with a win over Colorado in Boulder on Saturday. Kickoff is scheduled for 9 a.m. (Fox).
Weiterlesen »