Euro (EUR)

The last time the EURUSD hit 1:00 was way back in late 2002. At the time, the world was struggling with the dot-com bubble burst, and an impending invasion of Iraq. Just last week, the most traded pair dropped to the 1.04 handle, the lowest…
Read More

The last day of the month could be quite busy for euro traders. There are two key data points coming out that should shake up the market. Both are not only key to where the shared economy is going but these could be pivotal in determining…
Read More

Tomorrow Markit releases its preliminary (flash) PMI surveys for April. Generally, it's just half the number of managers surveyed, but typically the number isn't all that different from the final one. So, the market tends to move in…
Read More

The consensus is that the ECB isn't going to make any major changes at its next meeting. But there is still an expectation that they will lay the ground for taking action at the next meeting. So, we could get some market reaction from…
Read More

For a long time, there have been moves to replace the US dollar as the world's reserve currency. With the kind of sanctions imposed on Russia over the war in Ukraine, several countries have renewed their interest in moving away from the…
Read More

EURUSD struggles over recession risk The euro treads water as talks of recession simmer. The pair found support following the ECB's pledge to reduce its stimulus, paving the way for an interest rate hike before the end of the year.…
Read More

Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn't the headline that got most of the attention from the press. Specifically, it was the…
Read More

Up until about two weeks ago, there was a pretty strong consensus that the ECB would take the first step towards monetary policy normalization at tomorrow's meeting. That's when the covid asset-buying program (PEPP) would run out. There…
Read More