Daily Analysis EURUSD - 10 July 2023
On Friday, the market experienced a significant decline after the Non-Farm Payrolls (NFP) report, reached its lowest level since June 22.
Read MoreOn Friday, the market experienced a significant decline after the Non-Farm Payrolls (NFP) report, reached its lowest level since June 22.
Read MoreEUR/USD initially hit three-week lows but rebounded towards 1.0900 on Thursday, driven by positive US economic data and risk aversion.
Read MoreData from the Eurozone showed positive inflation developments. The ECB Consumer Expectation revealed unchanged three-year median inflation expectations at 2.5%.
Read MoreToday's economic calendar holds significant importance for the EURUSD direction. We anticipate the release of Europe Services PMI numbers from various countries, all of which are expected to show contraction.
Read MoreThe EUR/USD experienced a recovery following the release of disappointing US data, allowing it to climb back above 1.0900 during the American session.
Read MoreThe text discusses factors influencing the EUR/USD pair in the market. Rising bets for a 25-basis points interest rate hike by the European Central Bank (ECB) in July provide support for the pair.
Read MoreThe dollar received support on Friday due to increased risk aversion, caused by hawkish comments from global central banks, including the Federal Reserve.
Read MoreFederal Reserve Chairman Jerome Powell confirmed that more interest rate increases are likely due to persistently high inflation.
Read MoreIn a surprising turn of events, housing starts in the United States unexpectedly surged by 21.7% in May, marking the largest increase since 2016.
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