Author: Lila Harrington
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EurUsd Weekly Outlook for January 29, 2024 – A Period of Calm Amidst ECB Steadiness & Market Anticipation
Trump continues his ride in the Republican primaries, which should lead him to be the candidate in the challenge against Biden. Markets remain calm in a data-scarce week with the ECB as the sole protagonist, yet offering few leads for investors. EurUsd reaches significant support levels, beyond which windows favorable to the American dollar would…
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EurUsd Weekly Outlook for January 22, 2024 – Contrasting Economic Signals as Presidential Race Heats Up
As the race for the U.S. Presidential election in November 2024 begins with Trump’s return, polls show him gaining popularity, but the real economy is showing mixed signals. In Europe, inflation expectations are falling, while in America, consumer prices have stopped declining. Meanwhile, EurUsd remains trapped in a range that has brought the exchange rate…
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EurUsd Weekly Outlook for January 15, 2024 – Balancing Key Supports and Resistances in a Mixed Economic Landscape
2024 starts with Market Uncertainty Amidst Inflation and Economic Divergence The year 2024 kicked off under a cloud of uncertainty for stock and currency markets. Excessive optimism about a quick inflation retreat (and hence a Fed rate cut) was dampened by recent U.S. labor market data, followed by the eagerly awaited December inflation figures. The…
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EurUsd Weekly Outlook for January 8, 2024 – Navigating Uncertainty in a Volatile Market Landscape
The initial 2024 macroeconomic indicators confirm a slowdown in growth even in the United States, although a recession seems distant given the robust performance of the job market. With the presidential elections set for 2024, the Federal Reserve, if it wishes to act, will need to do so primarily in the first half of the…
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EurUsd Weekly Outlook for December 18, 2023 – Anticipating Rate Cuts and Navigating Market Shifts
The Fed breaks its hesitation, giving the markets what they expected: confirmation that interest rates will fall in 2024. The ECB seems more hesitant in a rate hike cycle that, however, appears to have concluded with the successful battle against inflation. Stock markets soar, bond yields fall, and the U.S. dollar weakens.
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EurUsd Weekly Outlook for December 11, 2023 – Central Banks’ Decisions Set to Shape Currency Dynamics Ahead of the Holidays
An interim week as we await the final central bank meetings before the year-end closure. Incoming data from the USA confirms that a recession is not on the horizon, while in Europe, a rate cut seems more likely given the state of the economy and inflation. Meanwhile, EurUsd moves away from resistances.
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EurUsd Weekly Outlook for December 4, 2023 – Positive Shifts in American GDP and Seasonal Advantages Set the Stage
Last week brought few macroeconomic updates. Employment and inflation will be the focus in the coming days, along with the highly anticipated central bank meetings. The positive revision of the American GDP for the third quarter is surprising, and meanwhile, for EurUsd, the seasonally most favorable month of the year begins.
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Weekly EurUsd Outlook for November 28, 2023 – Navigating Political Shifts and Key Resistance Levels
Few macroeconomic events marked a short week due to the American Thanksgiving holiday. The inevitable statements from some central bankers and the Dutch political elections provided some points of interest. Meanwhile, EurUsd continues to move away from critical levels and is now facing resistance in the 1.10 area.
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EurUsd Weekly Outlook for November 20, 2023 – Euro Climbs as Inflation Eases
U.S. inflation slows more than expected, and markets celebrate, beginning to hope for generous interest rate cuts by the Fed in 2024. Meanwhile, in Europe, a recession might be avoided, and the euro unexpectedly regains the 1.09 area
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EurUsd Weekly Outlook for November 13, 2023 – Anticipatory Climate as Euro Eyes Key Resistances Ahead of December Meetings
Last week, little information emerged from the currency markets, except for scattered statements by central bankers, which did not indicate any intention to loosen their grip on interest rates. This climate of anticipation has allowed the euro to regain ground, steering towards significant and decisive resistance levels. Markets will closely scrutinize the data in anticipation…