Economic Data Puts the EUR and the USD in Focus, with COVID-19 News Updates also Key

Eurozone unemployment and U.S weekly jobless claims figures will be in focus today. While the stats will influence, COVID-19 news updates will likely remain the key driver.

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02 Dec, 2021
/ 01:22

EUR/USD Price Forecast – Euro Stabilizing

The Euro is in the process of going back and forth to stabilize what had been a nasty selloff recently. Because of this, the market is likely to continue seeing choppy behavior.

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01 Dec, 2021
/ 14:42

EUR/USD Mid-Session Technical Analysis for December 1, 2021

The direction of the EUR/USD on Wednesday and over the short-run is likely to be determined by trader reaction to 1.1291.

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01 Dec, 2021
/ 14:07

Economic Data Delivers Mixed Results for the EUR Ahead of U.S Stats and FED Chair Powell Testimony

A choppy start to the European session saw the EUR fall to a current day low before finding support. While softer, PMI numbers offset disappointing retail sales data from Germany.

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01 Dec, 2021
/ 09:13

EUR/USD Daily Forecast – Test Of Support At 1.1325

EUR/USD settled below the 20 EMA and is testing the support level at 1.1325.

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01 Dec, 2021
/ 07:40

Dollar Edges Lower After Powell's Comments Prompted Gains

The dollar edged lower Wednesday, consolidating after strong gains during the previous session after Fed Chair Jerome Powell indicated the U.S. central bank is likely to speed up the tapering of its asset purchases. Driving the earlier dollar gains were comments from the head of the Federal Reserve, Jerome Powell, to the Senate Banking Committee on Tuesday. "At this point, the economy is very strong and inflationary pressures are higher, and it is therefore appropriate in my view to consider wrapping up the taper of our asset purchases, perhaps a few months sooner," said Powell, while indicating that it was time to "retire" the word transitory when talking about high inflation levels.

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01 Dec, 2021
/ 03:14

UPDATE 1-Sterling falls 0.5% versus euro and dollar

Sterling fell versus the euro and the dollar on Tuesday as traders feared the Bank of England might keep interest rates unchanged amid concerns about the Omicron coronavirus variant. Omicron was first detected in southern Africa last week, prompting countries around the world to rush to tighten border controls and sending markets into a tailspin on Friday. The dollar strengthened in the afternoon, after Federal Reserve Chair Jerome Powell said the risk of inflation had increased and suggested retiring the term "transitory" for inflation, while worries about the new Omicron variant kept a bid in safe-haven currencies.

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30 Nov, 2021
/ 17:22

EUR/USD Price Forecast – Euro Continues Recovery

The Euro has bounced a bit during the trading session on Tuesday as we continue to see a recovery in the common currency. At this point, I think the market is probably going to try to see if it can break above the 1.14 level, but at the first signs of trouble, it is likely that we continue the longer-term downtrend.

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30 Nov, 2021
/ 14:45

EUR/USD Mid-Session Technical Analysis for November 30, 2021

The direction of the EUR/USD into the close on Tuesday is likely to be determined by trader reaction to 1.1374.

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30 Nov, 2021
/ 13:50

Fed Chair Powell Retires 'Transitory,' the Dollar Flies

By Sam Boughedda

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30 Nov, 2021
/ 11:55

EUR Bounces back as Eurozone Inflationary Pressure Builds Further

Economic data for the Eurozone delivered support to the EUR this morning. Next up, U.S consumer confidence figures and FED Chair Powell.

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30 Nov, 2021
/ 11:11

Sterling falls to 2-week low vs euro on Omicron fears

Sterling fell to a two-week low versus the euro on Tuesday as traders feared the Bank of England may keep interest rates unchanged amid concerns about the Omicron coronavirus variant. Risk assets were under pressure after Moderna Chief Executive Stéphane Bancel told the Financial Times that existing COVID-19 vaccines are unlikely to be as effective against the newly detected variant as they have been previously. The Omicron variant was first recorded in southern Africa last week, prompting countries to rush to tighten border controls and sending markets into a tailspin on Friday.

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30 Nov, 2021
/ 09:23

Omicron warnings push euro zone debt yields back down

Sovereign bond yields across the euro area were broadly lower on Tuesday as warnings about the impact of the Omicron coronavirus variant renewed demand for safe-haven assets. Drugmaker Moderna's CEO said COVID-19 vaccines were unlikely to be as effective against Omicron as they have been against the Delta version. In prepared comments to be delivered later on Tuesday to U.S. lawmakers, and released already, Federal Reserve Chair Jerome Powell said the variant posed downside risks to the economy.

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30 Nov, 2021
/ 08:28

EUR/USD Daily Forecast – Euro Gains Ground Ahead Of Inflation Reports

EUR/USD managed to settle back above 1.1300 and is testing the next resistance at 1.1325.

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30 Nov, 2021
/ 07:34

The EUR, the Loonie. and the Dollar are in Focus, with FED Chair Powell also in the Spotlight Today

It’s a busy day ahead on the economic calendar, with key stats from the Eurozone and the U.S likely to draw plenty of interest. The main event is likely to be FED Chair Powell’s testimony, however.

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30 Nov, 2021
/ 01:46

EUR/USD Price Forecast – Euro Pulls Back After Explosive Move on Friday

The Euro has pulled back just a bit during the trading session on Monday, showing signs of weakness, but quite frankly this is a market that got ahead of itself on Friday.

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29 Nov, 2021
/ 14:52

EUR/USD Mid-Session Technical Analysis for November 29, 2021

The direction of the EUR/USD on Monday is likely to be determined by trader reaction to 1.1291.

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29 Nov, 2021
/ 13:57

Inflation and Economic Sentiment Fail to Deliver EUR Support

Economic data from the Eurozone fails to deliver EUR support. With COVID-19 back in the spotlight, central bank chatter will be in focus next along with German inflation figures.

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29 Nov, 2021
/ 11:40

Euro zone economic sentiment eases in Nov as expected

Euro zone economic sentiment eased in November in line with expectations, data showed on Monday, as consumers became less upbeat and trimmed their inflation expectations, although manufacturer selling price forecasts hit a record high. The European Commission's economic sentiment indicator eased to 117.5 points in November from 118.6 in October for the 19 countries sharing the euro. For services, which make up the bulk of the euro zone economy, sentiment actually rose to 18.4 from 18.0.

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29 Nov, 2021
/ 10:00

EUR/USD Daily Forecast – Euro Pulls Back After Rally

EUR/USD settled below the support at 1.1300 and is testing the next support level at 1.1270.

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29 Nov, 2021
/ 07:44

Pound and euro suffer against dollar as US Fed looks to faster tapering

Sterling touched lows of $1.3325 as the US central bank hinted at wrapping up its stimulus programme, and raising interest rates, earlier than anticipated to counteract rising inflation.

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25 Nov, 2021
/ 10:08

European markets mixed as UK economy recovery slows

European stocks ticked up on Friday morning even as data showed UK economic growth slowed in July.

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10 Sep, 2021
/ 08:19

Nordea targets 1.12 in EUR/USD by mid-2022

By Samuel Indyk

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20 Aug, 2021
/ 07:08

Manchester City-owner raises $650m in mega debt deal

The deal surpasses those made by FC Barcelona and Tottenham Hotspur.

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16 Jul, 2021
/ 11:32

Budget airline Wizz falls to half a billion loss after 'most challenging year in history'

The airline 'couldn’t escape the gut-wrenching turbulence the pandemic has caused for the airline industry.'

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02 Jun, 2021
/ 08:52

London-listed Kanabo signs Greek cannabis growing deal

Kanabo will purchase up to 1,000 kg per year of cannabis flowers.

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25 May, 2021
/ 15:11

EU economic growth hit by slow vaccine rollout

The eurozone economy shrank by 0.6% with jobs taking a hit compared with the previous quarter.

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18 May, 2021
/ 10:40

Online vintage clothes store Vinted raises €250m

The funding will help the Lithuanian company expand into new regions.

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12 May, 2021
/ 11:24

Tui bets on Greek and Spanish summer holidays as it crashes to €1.5bn loss

Despite losses, 2.6 million customers have booked holidays with Tui for the summer.

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12 May, 2021
/ 07:49

Spotify hikes prices for UK users

Beginning on 30 April in the UK, the price for Spotify's student plan will rise to £5.99 per month.

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27 Apr, 2021
/ 15:51

Ryanair warns it will only breakeven in 2022 as outlook darkens

Lockdown restrictions and a slow EU rollout of the COVID vaccine means in 2022 it will just about break even.

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07 Apr, 2021
/ 07:45

Cash still 'king' despite rise of contactless payments

Study find cash is still regarded as as a 'store of value' and a 'safe haven' even as the use of cards to make payments has risen.

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01 Apr, 2021
/ 13:14

Google to give €25m to EU fund to 'fight misinformation'

The fund provides grants to researchers, fact-checkers, not-for-profits and other public interest-oriented organisations working on 'disinformation research.'

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31 Mar, 2021
/ 11:20

Week ahead: UK GDP, EU inflation, Biden's $3trn infrastructure plan

Coronavirus is still a market mover, with fresh lockdowns being imposed across European nations and the problematic issue of vaccine supply very much still on officials desks.

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28 Mar, 2021
/ 09:15

EURGBP Analysis – Can the Last Support Once Again Save Euro from Plummeting

Euro gained against the Great British Pound and the US Dollar today as German ZEW Economic Sentiment and European ZEW Economic Sentiment data were very positive, despite the prolongation of restrictions in Europe until mid-February.

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19 Jan, 2021
/ 16:14