EUR/USD: Easing inflation data in the Eurozone to dampen the Euro – Commerzbank

The ECB continues to attract attention with hawkish comments. But November inflation figures in the Eurozone could dampen rate fantasies on easing inflation, economists at Commerzbank report.Eurozone inflation expected to have eased slightly in November “The recently hawkish ECB comments have fuelled speculation about a 75 bps step. If the inflation data today and aboveContinue reading “EUR/USD: Easing inflation data in the Eurozone to dampen the Euro – Commerzbank”

EUR/USD: Further gains to the low 1.06 area are possible .

EUR/USD has reached its highest since the summer. Economists at Scotiabank believe that the pair could hit the 1.06 region.Test of the low 1.05 area is beckoning “A test of the low 1.05 area (50% retracement of the 2022 decline) is beckoning.” “Broader trends are bullish, with the EUR trading above its 200-day MA andContinue reading “EUR/USD: Further gains to the low 1.06 area are possible .”

EUR/GBP rises toward 0.8700 amid a stronger Euro.

Euro rises on Monday on the back of hawkish comments.EUR/GBP finds support again at the 0.8570 zone. The EUR/GBP is rising sharply on Monday, boosted by a stronger Euro across the board. The cross peaked at 0.8675, hitting the highest level since Wednesday. It is hovering around 0.8560, up more than 50 pips for theContinue reading “EUR/GBP rises toward 0.8700 amid a stronger Euro.”

GBP/USD corrects back closer to mid-1.2000s amid modest USD recovery.

GBP/USD retreats from a multi-month high amid a modest pickup in the USD demand. An uptick in the US bond yields prompts some USD short-covering amid thin trading. Bets for less aggressive Fed rate hikes might cap the buck and lend support to the pair. The GBP/USD pair edges lower on Friday and moves awayContinue reading “GBP/USD corrects back closer to mid-1.2000s amid modest USD recovery.”