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Tag: EUR

Germany Wants More Dialogue with US on Trade Ahead of Tariffs

Germany on Monday dampened hopes that an exemption from U.S. tariffs on steel and aluminum could be extended for European Union countries, but called for trade negotiations to continue regardless of whether the levies are applied. The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminum in March, but […]

US Consumer Prices Rise in March

U.S. consumer prices accelerated in the year to March, with a measure of underlying inflation surging to near the Federal Reserve’s 2 percent target as last year’s weak readings dropped out of the calculation. The rise in the annual inflation measures reported by the Commerce Department on Monday was anticipated by economists and Fed officials […]

US Treasury Sec Says Trump Not Decided on Metal Tariff Exemptions

U.S. President Donald Trump has not yet made a decision on whether any countries should get extended exemptions on steel and aluminum tariffs, U.S. Treasury Secretary Steven Mnuchin said in an interview that aired on Monday. “The president has not made any decision yet,” Mnuchin told Fox Business Network, speaking ahead of his appearance at […]

US Pending Home Sales Nearly Flat in March

March marked the official start of the spring, but it didn’t cause more home buyers to leap into action. Signed contracts to purchase existing home rose just 0.4 percent in March compared to February, according to a monthly pending home sales index from the National Association of Realtors. February’s reading was revised down. These contracts […]

EUR/USD Technical Analysis: The Likely Scenarios in a Busy Week

Foreign Exchange (Forex) is the biggest market in the world. Every day more than $5.3 trillion worth of transactions are performed. There are hundreds of pairs for them to trade. The EUR/USD pair is the most active pair in the world and one of the closely watched. This is because of the level of trade […]

DAX Quiet Ahead of German CPI

The DAX index has steadied in the Thursday session, after recording sharp losses in Wednesday trade. Currently, the DAX is trading at 12,583 points, up 0.02% on the day. On the release front, German Retail Sales declined 0.6%, well off the estimate of 0.8%. Later in the day, Germany releases Preliminary CPI, with an estimate of […]

Dollar Bulls Lack Conviction

April 30: Five things the markets are talking about The week offers a plethora of new data along with monetary policy announcements from the Reserve Bank of Australia (RBA) later this evening and the Federal Open Market Committee (FOMC) on May 2. No policy changes are anticipated. U.S trade policy will be markets focus this […]

EUR/USD – Steady Euro Shrugs off Soft German Retail Sales

EUR/USD has started the week with small losses. In the Monday session, the pair is trading at 1.2118, down 0.10% on the day. On the release front, German Retail Sales declined 0.6%, well off the estimate of 0.8%. Later in the day, Germany releases Preliminary CPI, with an estimate of -0.1%. In the US, Personal […]

Is the US Dollar Finally Ready for Prime Time Again ?

Is the Dollar Finally  Ready for Prime Time Again? After a tumultuous week marked by a USD rally that caught everyone by surprise,  testing recent trader fortitude should come early in the week after US Treasury yields moved lower into the weekend.  The rise in US yields is thought to be the primary driver behind the USD […]

Dollar Slows Down Awaiting Employment Data

The US dollar had massive weekly gains against all majors. The release of the gross domestic product for the first quarter of 2018 beat expectations but did little for a dollar that had rallied all week. Dovish central bank rhetoric from the European Central Bank (ECB) and the Bank of Japan (BOJ) have increased the […]