EUR/USD flatlines below 1.1500 as Eurozone HICP grows below forecasts
The Euro managed to hold trades inside a trading zone as expected in the past two weeks. Prices still face pressure towards the 1.1200 zone with resistances at 1.1655.
When is the preliminary Eurozone HICP data for March and how could it affect EUR/USD?
EUR/USD snaps five-day losing streak as Trump mulls ending Iran war
EUR/USD rises to near 1.1500 ahead of German Retail Sales, Eurozone HICP
The US Dollar rises as euro and pound weaken on growth fears, while Middle East tensions and higher oil prices boost safe-haven demand.
The FX markets remained largely in a risk off mode with the US dollar extending its gains while currencies of energy-importing economic regions like the euro remaining under pressure. This was despite the fact global stock markets managed to bounce back a little, as Brent oil prices consolidated near the recent highs.
EUR/USD slips to two-week lows below 1.1500 as USD strengthens
The Euro is in focus today for me, as the markets are trying to price in energy shocks, and of course whether or not the EU will have any going forward.
EUR/USD has registered losses in the last four trading sessions in succession and an even deeper loss could be incoming.
The Euro managed to hold trades inside a trading zone as expected in the past two weeks. Prices still face pressure towards the 1.1200 zone with resistances at 1.1655.
EUR/USD edged higher on Monday after earlier declines, reaching 1.1516. The US dollar continues to draw support from safe-haven demand amid the ongoing Middle East conflict, which has now entered its fifth week with no signs of resolution.