EUR/USD resumes the downside following Friday’s tops.A deeper correction could revisit the 1.0630 zone.EUR/USD adds to Friday’s marked pullback and drops to the 1.0680 area on Monday. The pair remains well under pressure and the continuation of the selling bias should put a potential test of the May low at 1.0635 (May 31) back onContinue reading “EUR/USD Price Analysis: A drop to the 1.0630 region is not ruled out.”
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GBP/USD drops to 1.2400 mark, fresh daily low amid sustained USD buying.
GBP/USD drifts lower for the second straight day amid some follow-through USD buying.Bets for a 25 bps Fed lift-off in June push the US bond yields higher and underpin the USD.The risk-on mood could cap gains for the safe-haven buck and lend support to the major. The GBP/USD pair kicks off the new week onContinue reading “GBP/USD drops to 1.2400 mark, fresh daily low amid sustained USD buying.”
EUR/USD clings to mild losses near 1.0700 as hawkish Fed concerns gain aceptance, US data eyed.
EUR/USD fades bounce off intraday low amid two-day losing streak.EUR/USD retreats to 1.0695 as it drops for the second consecutive day heading into Monday’s European session, sticking to minor losses of late. In doing so, the Euro pair takes clues from the market’s hawkish bias surrounding the Federal Reserve (Fed), especially after Friday’s strong USContinue reading “EUR/USD clings to mild losses near 1.0700 as hawkish Fed concerns gain aceptance, US data eyed.”
EUR/USD stumbles on solid US NFP data, traders bet for a July Fed hike.
US adds 339K jobs, beating estimates; EUR/USD slips by 0.43%and Spain’s Unemployment Change.EUR/USD slumps from weekly highs reached as a knee-jerk reaction to a solid US jobs report, driving the pair towards 1.0779 before sliding toward daily lows. The labor market in the United States (US) stayed strong but saw slight signs of weakness. AtContinue reading “EUR/USD stumbles on solid US NFP data, traders bet for a July Fed hike.”