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FOREX Fundamental analysis for EUR/USD on May 3, 2024

The fight against inflation turned out to be less difficult than expected, even taking into account the OECD estimates. The organization raised its global GDP forecast for 2024 from 2.9% to 3.1% and expressed confidence in a further slowdown in inflation, which wi... Read more on Indexaco...

AUD/USD showed moderate growth, developing an upward momentum on Wednesday, moving away from the lows on April 23. Currently, the pair is testing the 0.6535 level for an upward breakout, and traders are analyzing the April Australian foreign trade report.

According to the data, Australian exports increased by ... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on May 2, 2024

Jerome Powell failed to create panic in forex currency trading. And it is unlikely that he aspired to it. For the S&P 500 and EURUSD, the Fed chairman's speech was a positive factor, as it did not present any surprises. However, the bad thing is that the bar f... Read more on Indexaco...

EUR/USD: eurozone reported an increase in GDP for Q1

In early trading, the EUR/USD exchange rate is experiencing an adjustment, being at the level of 1.0655, although economic statistics from the European Union show positive trends.

On the eve of the meeting, many EU states presented results on gross domestic p... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on May 1, 2024

An ancient Chinese proverb says: "Don't do anything, and everything will be done." This principle also applies to the Fed, which is ready to keep the federal funds rate unchanged for the sixth time in a row. However, forex currency trading requires a revival. Opti... Read more on Indexaco...

EUR/USD: negative factors support the downtrend

The EUR/USD currency pair follows a descending channel: the middle of the month showed that the price reached the minimum level of the channel at 1.0600, followed by a correction to the middle line of the Bollinger bands at 1.0725, where the quotes are now located.

FOREX Fundamental analysis for EUR/USD on April 30, 2024

Anyone who knows about a possible threat can take timely measures to protect themselves. The rise in inflation in the United States in the first quarter was a kind of warning for other Central Banks. Although the United States economy seemed much stronger than ... Read more on Indexaco...

AUD/USD: US dollar is declining against the Australian dollar

During the Asian trading session, the AUD/USD pair showed growth, reaching 0.6585, thanks to strong macroeconomic support from Australia.

The Australian economy has shown significant changes in the structure of prices for exports and imports. In the ... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on April 29, 2024

No matter how much external factors drown the euro, the single currency still pops to the surface like a float. Logically, the quarterly PCE data in the GDP report and the March personal consumption expenditure index should have moderated the strength of EURUSD... Read more on Indexaco...

EUR/USD: American business did not meet analysts' expectations

In the current trading session, the EUR/USD pair is showing growth, moving to the level of 1.0700 and updating the highs since April 12 thanks to the released macroeconomic statistics.

The values of the indices of business activity in the manufactur... Read more on Indexaco...

AUD/USD: market is anticipating the Australian inflation report for the quarter

The AUD/USD pair is experiencing a moderate rise, continuing the positive trend started yesterday, and is striving to exceed the value of 0.6450, updating the highs since April 15 against the background of current economic indicators.

FOREX Fundamental analysis for EUR/USD on April 23, 2024

The head of the French Central Bank, Villaroy de Galo, argues that the conflict in the Middle East will not affect the ECB's determination to cut rates in June. However, a downturn in geopolitical tensions could change the outlook for the US dollar. The volatil... Read more on Indexaco...

EUR/USD: correction before data on consumer confidence in the eurozone

In the current trading session, the EUR/USD pair is showing cautious growth, continuing the "bullish" trend set at the end of last week. At the moment, the euro is trying to overcome the level of 1.0665, while the market is waiting for new catalys... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD

The decrease in tension in the Middle East has breathed new forces into the euro. In the previous case, when EURUSD reached parity in 2022, an energy crisis broke out in Europe, and a possible war between Israel and Iran, further raising energy prices, could seriously undermine ... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on April 19, 2024

It seems that Israel is not going to remain silent after the unprecedented rocket attack on its territory by Iran and has already warned the United States about possible retaliation measures, which has caused a significant increase in demand for protective asse... Read more on Indexaco...

EUR/USD: continued decline in the context of a long-term bearish trend

As part of a long-term downtrend, the EUR/USD pair experienced pressure, falling to the lower boundary of the channel near the 1.0600 mark, followed by a correction to the 1.0681 level. Amid expectations of changes in monetary policy, the market i... Read more on Indexaco...

AUD/USD is growing moderately, developing the upward momentum of the previous session, during which the pair successfully pushed off from local lows on November 14, 2023 and is currently testing the 0.6445 mark for an upward breakout. Meanwhile, market participants are analyzing the March report on the Australian la... Read more on Indexaco...

FOREX Fundamental analysis for EUR/USD on April 18, 2024

"Don't hold losses and let profits grow," is one of the main tenets of forex currency trading. The rule is simple, but many traders violate this principle. As soon as it starts to get hot, they close deals to lock in the profits they make.

The results of ... Read more on Indexaco...

EUR/USD: economic mood in the eurozone improved to 43.9 points

The EUR/USD currency pair is showing moderate strengthening, recovering from a strong bearish trend that began last week and led to an update of the minimum values since November 2 of the previous year. The pair has now tested the 1.0625 level, waiting fo... Read more on Indexaco...

USD/CAD analysis on April 17, 2024

USD/CAD is adjusted near the level of 1.3820 against the background of changes in the dynamics of the US dollar, while Canadian macroeconomic statistics did not support the national currency.

Thus, in March, the consumer price index increased by 0.6% on a monthly basis and fro... Read more on Indexaco...