EUR/USD exposed to 1.0300 as Eurozone stars a recession, Fed Powell’s speech in focus

EUR/USD exposed to 1.0300 as Eurozone stars a recession, Fed Powell's speech in focus

EUR/USD has turned sideways as investors await the release of the Eurozone HICP for further guidance. After hawkish comments from Federal Reserve policymakers, the speech from Jerome Powell has become more critical. The Eurozone economy is staring at a recession as interest rates are rising despite unfavorable economic developments. EUR/USD is expected to decline to … Read more

EUR/USD turns dry above 1.0400 amid quiet market mood, Eurozone Gas price structure eyed

EUR/USD turns dry above 1.0400 amid quiet market mood, Eurozone Gas price structure eyed

EUR/USD has turned sideways above 1.0400 due to less trading activity amid Thanksgiving Day. Federal Reserve is set to ditch the 75 bps rate hike measure to safeguard the economy from financial risks. European Central Bank is bound to tighten policy further to slow down inflationary pressures. EUR/USD is likely to remain in the grip … Read more