EUR/USD: Euro Updates Five-Year Low, We Are Waiting for the Fed (FOMC) Meeting ● The DXY index that measures the US dollar against a basket of six other major currencies updated its 20-year high on Thursday, April 28. The reason for this growth is still the same, and we have repeatedly written about it: the
EUR/USD: Words Drive Trends ● The main drivers of the past week were statements by important ECB and FRS officials. However, the beginning of the five-day period was relatively calm: the Easter weekend had its effect. Unlike the United States, Europe rested not only on Friday April 15, but also on Monday 18. The dollar
EUR/USD: Fed’s Apples and ECB’s Oranges ● The dollar continues to strengthen, while the EUR/USD pair moves down. A week’s low was recorded at 1.0757 after the ECB meeting on Thursday, April 14. After correction, the final chord, sounded at around 1.0808. ● We named three reasons for the growth of the US currency in
EUR/USD: Three reasons for the Strengthening of the Dollar ● The proponents of a stronger dollar won by a very small margin in the previous forecast. 50% of analysts voted for its growth, 40% were against and 10% took a neutral position. The reason for such uncertainty and disagreement was that the market seemed to
EUR/USD: Too Much Uncertainty ● The movement of major currencies was determined throughout March by reports from the Russian-Ukrainian front, the sanctions-energy war with Russia, and the pace of monetary tightening. The US dollar has strengthened significantly in recent months thanks to a sharp increase in the yield of US government bonds and signals about
EUR/USD: A Tangle of Chaos and Paradoxes ● The title of the previous EUR/USD review had a question of whether the market has gone crazy. Many analysts agreed that financial markets behaved at least illogically following the March Fed meeting. And at most, it’s just absurd. ● Despite aggressive tightening of monetary policy by the
EUR/USD: Has the Market Gone Crazy? ● What happened in the market after the US Federal Reserve meeting can be called “the theater of the absurd”. As expected, the regulator raised the key interest rate from 0.25% to 0.5% on Wednesday, March 16, for the first time since 2018. As expected, the dollar began to
EUR/USD: War Is Not Only Blood, But Also Business ● The dynamics of European currencies is now determined by what is happening in Ukraine. You can forget about all kinds of macro-economic indicators for a while. Who and how much earned on Russia’s invasion of a neighboring country, and who lost and how much, will
