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EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs
EUR/USD Price Analysis: Bulls tighten grip as pair surges to multi-month highs
EUR/USD gained significant ground on Wednesday, pushing further into bullish territory after an already strong performance in recent sessions.
EURUSD
Majors
Currencies
Technical Analysis
BoE’s Pill: Size and pace of further easing will hinge on inflation
BoE’s Pill: Size and pace of further easing will hinge on inflation
BoE’s Chief Economist Huw Pill spoke before lawmakers in Parliament.
BOE
CentralBanks
GBPUSD
UnitedKingdom
GBP/USD surges as weak US data fuels Fed rate-cut bets
GBP/USD surges as weak US data fuels Fed rate-cut bets
The Pound Sterling extended its gains versus the US Dollar on Wednesday, as market participants punished the latter.
GBPUSD
Majors
Macroeconomics
TradeWar
Technical Analysis
BoE’s Bailey: Second round inflation effects look less likely
BoE’s Bailey: Second round inflation effects look less likely
BoE’s Governor Andrew Bailey testified before the Treasury Select Hearing.
BOE
GBPUSD
CentralBanks
US ISM Services PMI rises to 53.5 in February vs. 52.6 expected
US ISM Services PMI rises to 53.5 in February vs. 52.6 expected
The economic activity in the US service sector continued to expand an accelerating pace in February, with the ISM Services PMI rising to 53.5 from 52.8 in January.
PMI
EconomicIndicator
UnitedStates
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifies
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifies
Silver price (XAG/USD) struggles to extend its upside above the key resistance of $32.40 in Wednesday’s North American session.
Silver
XAGUSD
Fed
DollarIndex
TradeWar
BoE’s Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
BoE’s Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
While testifying before the U Treasury Select Committee on Wednesday, Bank of England (BoE) policymaker Megan Greene said it is appropriate to maintain a cautious and gradual approach to removing monetary restrictiveness, as reported by Reuters.
BOE
CentralBanks
AUD/USD struggles to perform despite sheer weakness in US Dollar
AUD/USD struggles to perform despite sheer weakness in US Dollar
The AUD/USD pair is slightly higher to near 0.6280 in North American trading hours on Wednesday.
AUDUSD
Fed
RBA
TradeWar
Employment
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Howard Lutnick said that they will make an announcement on Canada and Mexico tariffs later in the day, adding that they will be "in the middle somewhere." Key takeaways "If Canada can stop fentanyl, US President Donald Trump is open-minded." "Trump is thinking about what sectors he can maybe consider giving Canada relief." "Trump will make the decision.
UnitedStates
Politics
InterestRate
GBP pulled through 200-day MA by softer USD tone – Scotiabank
GBP pulled through 200-day MA by softer USD tone – Scotiabank
Pound Sterling (GBP) is enjoying the ride provided by the generally softer USD and the additional tow from the EUR lifting its European peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
EUR jumps on the day – Scotiabank
EUR jumps on the day – Scotiabank
The EUR advance has extended today as Germany’s fiscal reset promises massive spending increases on defence and infrastructure, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
CAD holds range on the day – Scotiabank
CAD holds range on the day – Scotiabank
So, the 25% tariff regime might have had a very short shelf life after all and we might be looking at low double digit border tariffs now, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
USD trades broadly lower – Scotiabank
USD trades broadly lower – Scotiabank
After Tariffs Tuesday, we’ve arrived at Walkback Wednesday, it would seem.
DollarIndex
Technical Analysis
Banks
US Dollar sees upbeat Services ISM report come a little too late
US Dollar sees upbeat Services ISM report come a little too late
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is unable to recover this Wednesday with again deepened out losses in already turbulent week for the DXY. The downward move comes as
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
Broker Rebates