EUR in the spotlight: latest news

The EUR/USD currency pair tested the 1.1500 level early Tuesday but was able to stabilize above it. However, despite this recent rebound, the technical outlook for the pair indicates ongoing fragility.

British and Dutch wholesale gas prices increased on Tuesday morning due to forecasts predicting lower wind power, which has led to higher demand for gas-fired power plants.

Foreign exchange strategists at Société Générale have downgraded their forecasts for the EUR/USD exchange rate, attributing this change to increasing growth and interest rate differentials.

The Euro is facing challenges as it remains below the 1.15 mark, with resistance preventing upward movement. Analysts are eyeing downside targets at 1.14 and 1.11. Additionally, the 50-day exponential moving average at 1.1650 is identified as a significant obstacle for any potential short-term rally.

EUR/USD continues to decline in early-week trading, falling below the significant 1.1500 level and reaching new three-month lows after experiencing five consecutive daily losses.

The euro fell to $1.1518 after experiencing five consecutive losses, coinciding with the Dollar Index rising to 99.97. Additionally, the probability of a Federal Reserve rate cut decreased from 94% to 65%.

Hugo Boss, the German fashion group, announced on Tuesday that its quarterly sales fell short of expectations due to diminished demand in Britain and China, along with a weakening dollar.

The US dollar strengthened on Tuesday, putting pressure on both the euro and the pound. Current rallies in EUR/USD and GBP/USD are viewed as opportunities for selling, while EUR/GBP indicates a potential shift in currency dynamics.

The Euro to Dollar (EUR/USD) exchange rate dropped to new three-month lows below 1.1500 on Tuesday, as the US Dollar continued to strengthen amid ongoing uncertainty regarding the Federal Reserve's policies.

Ryanair announced a six-month post-tax profit that exceeded expectations, along with an increase in its passenger traffic forecast, following improvements in Boeing delivery times.

The outlook for EUR/USD indicates a range-bound trend, supported by a strong euro but constrained by the strength of the US dollar. The European Central Bank is currently facing a divided outlook among its members.

The ongoing US government shutdown is expected to create volatility for US dollar pairs this week, particularly impacting the EUR/USD currency pair.

The upcoming week for the Euro-to-Dollar exchange rate is expected to trend downward, according to forecasts and analysis.

The EUR/USD pair is currently trading around 1.1520, moving closer to the significant 1.1500 level as the U.S. Dollar Index (DXY) remains steady near 99.78. This reflects ongoing demand for the dollar.

The Euro to Dollar (EUR/USD) exchange rate has struggled to find momentum in the global markets, dropping to three-month lows slightly above the 1.1500 level.

The US dollar has strengthened, causing the Euro to Dollar (EUR/USD) exchange rate to drop to a three-month low near 1.15. MUFG forecasts that the US dollar will reach 1.26 by the third quarter of 2026.

The US dollar is showing signs of strength, which is putting pressure on both the euro and the British pound. Temporary support levels may lead to brief recoveries in these currencies.

The EUR/USD pair maintains a bearish trend as the week begins, approaching the critical support level of 1.1500, which also marks a three-month low.

Economists at Pantheon Macroeconomics predict that the UK economy will grow by 0.2% in the third quarter, driven by strong activity data and a rise in consumer sentiment.

The GBP/USD currency pair is currently trading at approximately 1.3140, a decline from 1.3370. This drop is attributed to increasing fiscal concerns in the UK and a cautious stance from the Federal Reserve, which has bolstered the strength of the dollar.

This week’s market insights cover key pairs including USD/CAD, EUR/GBP, NASDAQ 100, Gold, and Oil. Traders can expect an analysis of significant levels, current trends, and an overall outlook for the upcoming week.

Euro Leder Fashion Limited's forecast may be threatened by various macroeconomic risks. Utilizing advanced analytics and AI forecasting, the report highlights potential challenges that could impact stock price predictions. Investors are encouraged to consider these insights before making decisions.

The euro has fallen significantly below the 1.1600 mark, a key technical level that has been important for several months.

The Pound to Euro exchange rate (GBP/EUR) experienced significant volatility over the past week as markets prepared for a potentially crucial decision from the Bank of England (BoE). Analysts are predicting that the exchange rate may reach 1.11 amid expectations of an interest rate cut.

The gold price closed the week at $4,002 per ounce, experiencing a decline of 0.94% on Friday. This drop followed a period of volatility during which the price briefly fell below $3,950. UBS analysts predict that this pullback is temporary, with a target price of $4,200 anticipated for 2025.