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News over the weekend, including continued Houthi strikes in Riyadh has had negative impact on foreign currencies so far, especially those where the economy relies on energy imports. The EUR/USD is particularly vulnerable as lingering concerns over French fiscal policy continue to undermine the euro.
EUR/USD is trading at 17-month lows near 1.1160 as political developments in Germany and Spain inject uncertainty into the euro’s outlook - where is the next support ahead of US CPI?
Oil weighs up Russia developments against Middle Eastern tensions. EUR/USD struggles around 1.12 with US and EZ inflation data this week.
US yields are falling, Fed tightening expectations are easing, yet the dollar remains firm. French debt concerns may help explain why, with several major currency pairs approaching important technical levels.
Despite a deep oversold read bulls didn’t exactly come screaming back into the EUR/USD market, although a series of higher-lows may be an early warning that a turning point may be near.
The yen has reacted to falling US yields, but the euro faces a different problem. Could French government bond yields provide the additional push needed to break EUR/USD's downtrend?
Recent trading sessions continue to present a challenging environment for the euro in the short term. This can be seen in the performance of EUR/USD, which has declined by approximately 0.5%, reflecting another loss of ground for the European currency and highlighting the continued strength of the U.S. dollar.
It’s been a painful run for EUR/USD as the pair has lost more than 500 pips in a month and a half, but with the pair now deeply oversold the big question is whether sellers can stretch.
EUR/USD is slipping as oil and bond yields rise, while narrower French spreads offer some relief. FOMC minutes are in focus, with 1.1150–1.1180 the nearer downside area today.
FTSE 100 Rises for a Third Straight Day as Gilt Yields Ease. EUR/USD Struggles Around 1.12 amid Political Uncertainty & Weak German Data
EUR/USD is falling as France’s borrowing costs have climbed to their highest levels in more than two decades, with 10-year OATs testing 5.00% - what are the next levels to watch?
There’s not much in the way of data this week, meaning the EUR/USD forecast will be mainly driven by political and fiscal concerns, as well as the bond and oil markets.
