EUR/USD exchange rate trends and forecasting methods

Version 1.13 (2024-10-24 21:44:00.330000)

updates: Incorporated historical context and recent forecasts

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Version 1.12 (2024-09-24 10:47:15.827000)

updates: Euro rises despite declining business sentiment indicators

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Version 1.11 (2024-09-17 09:37:47.651000)

updates: BNP Paribas predicts euro strength against dollar.

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Version 1.1 (2024-09-10 07:42:49.782000)

updates: Morgan Stanley predicts euro decline; ECB easing expected.

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Version 1.09 (2024-09-02 07:36:35.028000)

updates: Updated inflation data and economic growth insights

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Version 1.08 (2024-08-27 11:32:57.335000)

updates: Incorporated latest economic indicators and Fed expectations.

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Version 1.07 (2024-08-26 12:37:40.448000)

updates: Inclusion of upcoming US GDP and Eurozone CPI forecasts.

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Version 1.06 (2024-08-16 14:17:19.731000)

updates: Euro edges higher, US dollar under pressure

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Version 1.05 (2024-08-16 13:06:59.182000)

updates: EUR/USD pair faces volatility amidst positive sentiment and strong US data

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Version 1.04 (2024-08-16 12:19:10.690000)

updates: EUR/USD continues to experience volatile trading with no clear direction; The pair is currently trading around the 1.1800 level; Traders are awaiting the release of US economic data for further direction; The European Central Bank (ECB) is expected to maintain its accommodative monetary policy; The Federal Reserve is also expected to keep interest rates low; The next key support level for EUR/USD is seen at 1.1750; The next resistance level is at 1.1850; Traders should monitor economic indicators and central bank announcements for potential market-moving events.

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Version 1.03 (2024-08-16 12:03:08.132000)

updates: Eurozone investor sentiment, US inflation, US retail sales, Expectations for a half-point cut from the Federal Reserve

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Version 1.02 (2024-08-16 09:09:19.494000)

updates: Updates on US data, market expectations, Eurozone economic data, and rate cut expectations

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Version 1.01 (2024-08-15 08:09:01.690000)

updates: Updates on Euro to Dollar exchange rate forecast and recovery

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Version 1.0 (2024-08-13 11:05:35.100000)

updates: Integration of German ZEW economic sentiment index data

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Version 0.99 (2024-07-25 10:13:53.021000)

updates: Integration of risk-off sentiment and technical analysis

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Version 0.98 (2024-07-25 10:05:59.910000)

updates: Updated information on Eurozone PMI data and US business activity

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Version 0.97 (2024-07-15 06:55:22.074000)

updates: EUR/USD is on the cusp of a bullish breakout as it approaches an important resistance level and investors await the European Central Bank's decision. The pair has risen to its highest point in June and is forming an inverse head and shoulders pattern. The upcoming statement by Fed officials and the release of US retail sales data will also be key catalysts for the pair. [a22d3432]

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Version 0.96 (2024-07-10 09:00:14.799000)

updates: EUR/USD struggles to break out of range amid lack of directional momentum

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Version 0.95 (2024-07-08 09:58:00.219000)

updates: EUR/USD consolidating near key resistance level, US Dollar faces selling pressure, NFP figures revised downward

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Version 0.94 (2024-07-08 03:53:55.880000)

updates: Updates on US CPI data and technical indicators

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Version 0.93 (2024-07-05 22:55:44.187000)

updates: EUR/USD rises above 1.0800 amid weak US economic data and weaker USD

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Version 0.92 (2024-07-05 07:53:42.669000)

updates: EUR/USD rises above 1.0800 amid weak US economic data and weaker USD

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Version 0.91 (2024-07-04 08:56:07.755000)

updates: EUR/USD consolidates below resistance level, US labor market conditions show signs of cooling, concerns about French elections, IMF confirms disinflation trend

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Version 0.9 (2024-07-03 10:56:12.519000)

updates: Updates on Eurozone service inflation and ECB rate outlook

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Version 0.89 (2024-06-28 13:55:54.816000)

updates: Updates on US economic indicators and market sentiment

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Version 0.88 (2024-06-28 09:54:02.441000)

updates: Updated information on US economic indicators and market sentiment

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Version 0.87 (2024-06-28 08:54:15.163000)

updates: Incorporated information about US inflation concerns and mixed American economic indicators

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Version 0.86 (2024-06-27 17:59:34.394000)

updates: EUR/USD gains 0.3% in New York session, PCE data awaited

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Version 0.85 (2024-06-27 00:58:23.003000)

updates: Updates on German consumer confidence and US New Home Sales Change

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Version 0.84 (2024-06-26 08:57:08.539000)

updates: Updates on EUR/USD forecast, Eurozone economic data, ECB rate cuts, US economic data, France election

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Version 0.83 (2024-06-25 09:56:26.640000)

updates: Updated information on Eurozone economic outlook and German Business Climate Index

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Version 0.82 (2024-06-25 09:53:43.673000)

updates: Updates on EUR/USD technical outlook, US Dollar Index, US core Personal Consumption Expenditure price index, Eurozone economic outlook, ECB interest rates, German Business Expectations reading

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Version 0.81 (2024-06-25 07:53:56.022000)

updates: Updates on the US Dollar decline, Fed rate-cut prospects, Eurozone economic outlook, ECB's interest rate framework, and upcoming US economic data

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Version 0.8 (2024-06-24 17:56:21.264000)

updates: EUR/USD rebounds as Eurozone sentiment improves

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Version 0.79 (2024-06-24 08:57:43.463000)

updates: EUR/USD struggles to gather momentum, Business Climate Index declines in Germany

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Version 0.78 (2024-06-21 13:55:43.922000)

updates: Integration of new information about weak Eurozone PMI data and political pressure in France

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Version 0.77 (2024-06-21 12:57:48.504000)

updates: EUR/USD slumps further after weak Eurozone PMI

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Version 0.76 (2024-06-19 18:59:22.891000)

updates: Added information about the USD Index, political concerns in France, and the probability of lower interest rates by the September 18 meeting

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Version 0.75 (2024-06-19 12:59:43.672000)

updates: Updates on the Euro to Dollar exchange rate and the impact of soft US economic data on the US dollar

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Version 0.74 (2024-06-19 12:54:21.250000)

updates: Analysis of rangebound trading amid US holiday

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Version 0.73 (2024-06-18 18:57:21.017000)

updates: Updated Euro-Dollar exchange rate forecast and analysis

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Version 0.72 (2024-06-16 08:55:06.853000)

updates: Bank of America forecasts Euro to Dollar rate of 1.12 at end of 2024

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Version 0.71 (2024-06-16 04:57:03.548000)

updates: Updates on the Dollar exchange rate in Uruguay

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Version 0.7 (2024-06-06 11:54:40.306000)

updates: Inclusion of information about the US dollar's strength and the EIU's predictions

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Version 0.69 (2024-06-04 08:00:27.319000)

updates: Euro-Dollar exchange rate hits 3-month high

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Version 0.68 (2024-05-21 11:54:21.632000)

updates: Updated Euro to Dollar exchange rate forecast by Nordea

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Version 0.67 (2024-05-19 12:53:13.921000)

updates: Updated Euro to Dollar exchange rate forecast and added analysis of US consumer prices release and US Presidential election

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Version 0.66 (2024-05-19 08:53:23.096000)

updates: Danske Bank forecasts Euro to Dollar exchange rate to weaken to 1.03 in 12 months

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Version 0.65 (2024-05-15 07:52:04.605000)

updates: Mixed Q1 2024 for EUR/USD currency pair as US Dollar remains strong

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Version 0.64 (2024-05-10 11:54:32.406000)

updates: Updates on Euro-Dollar exchange rate and US labor market

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Version 0.63 (2024-05-06 06:54:09.054000)

updates: Added information about CIBC and MUFG exchange rate forecasts, Federal Reserve interest rate decision, German IFO index, US household balance sheets, HSBC's comment on relative rates, and ECB's expected actions

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Version 0.62 (2024-04-28 12:53:39.741000)

updates: Revised Euro to Dollar exchange rate forecast by Goldman Sachs

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Version 0.61 (2024-04-21 10:23:48.343000)

updates: Danske Bank forecasts the EUR/USD rate to reach 1.03

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Version 0.6 (2024-04-21 09:20:34.257000)

updates: Credit Agricole maintains bearish outlook, forecasts Euro to Dollar parity

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Version 0.59 (2024-04-19 16:24:49.313000)

updates: Rabobank maintains EUR/USD target of 1.05 within three months

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Version 0.58 (2024-04-14 10:20:15.645000)

updates: Mixed views on Euro to Dollar recovery to 1.10

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Version 0.57 (2024-04-07 08:19:18.301000)

updates: Updated Euro to Dollar exchange rate forecasts

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Version 0.56 (2024-04-04 08:18:02.574000)

updates: Updates on EUR/USD performance, US and German economic data

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Version 0.55 (2024-03-27 22:21:28.444000)

updates: Danske Bank predicts EUR/USD to test 1.10 as US optimism fades

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Version 0.54 (2024-03-22 19:26:14.669000)

updates: Updated information on the flat performance of the euro and the expected rate cuts by central banks

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Version 0.53 (2024-03-18 07:26:46.607000)

updates: The Euro's rebound against the Dollar appears to have run its course and downside impulses are expected during the coming week, particularly if Wednesday's Federal Reserve decision proves hawkish. The Euro to Dollar exchange rate's 0.60% loss last Thursday will prove a decisive move from a technical perspective; until this point, Euro-Dollar was in a short-term uptrend that promised an eventual test of the big 1.10 figure. The selloff was big by daily standards, and it brought a decisive end to the short-term uptrend and raised the prospect of further losses. With inflation and payroll data behind us, the next major event facing the Dollar is the March policy decision, due Wednesday at 18:00 GMT. The Fed will keep interest rates unchanged and will likely reflect on the recent 'stickiness' in U.S. inflation and robust data outturns. How strident the Fed sounds on the need to keep rates steady will be of interest and could pose upside risks to the Dollar. 9:00 GMT on Thursday sees the release of Eurozone retail sales where markets expect a reading of 50.5 for services, confirming the sector is back in growth. However, manufacturing is expected at 47 and the composite at 49.7. The Euro has benefited from a run of better-than-expected readings of late, which suggests any undershoot in the figures would trigger the kind of disappointment that would prompt a decent EUR selloff. [b60db99f]

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Version 0.52 (2024-03-11 07:24:59.877000)

updates: Updates on potential pullback in EUR/USD exchange rate, upcoming economic events

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Version 0.51 (2024-03-10 15:19:07.692000)

updates: Updated information on Euro to Dollar exchange rate and US jobs data

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Version 0.5 (2024-03-10 12:18:11.976000)

updates: EUR/USD recovers after US Nonfarm payrolls release

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Version 0.49 (2024-03-08 13:17:53.758000)

updates: Euro US Dollar exchange rate retreats from monthly high

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Version 0.48 (2024-03-07 10:18:31.524000)

updates: Euro-Dollar exchange rate rises above 1.09

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Version 0.47 (2024-03-05 16:20:14.454000)

updates: Integration of Pound to Dollar exchange rate and U.S. ISM services PMI

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Version 0.46 (2024-03-04 04:19:17.057000)

updates: US Dollar weakens further on soft US PMIs and declining bond yields

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Version 0.45 (2024-03-03 06:17:01.145000)

updates: US Dollar weakens after weak manufacturing data, rate cut expectations decrease

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Version 0.44 (2024-03-01 15:17:43.612000)

updates: Includes analysis of US Dollar Index rise and investor sentiment

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Version 0.43 (2024-03-01 07:28:42.976000)

updates: Minor pullback in US dollar despite slowdown in inflation

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Version 0.42 (2024-02-29 21:21:38.207000)

updates: Updates on US economic reports, Euro, Yen, and precious metals

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Version 0.41 (2024-02-29 05:27:39.211000)

updates: US Dollar retreats on weak US GDP data

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Version 0.4 (2024-02-29 05:17:25.243000)

updates: US Dollar Index retreats from weekly highs

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Version 0.39 (2024-02-28 21:21:45.909000)

updates: Updates on US Dollar's rise despite weak GDP revisions

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Version 0.38 (2024-02-28 16:23:26.284000)

updates: US Dollar's recovery faces uncertainty after second US GDP reading

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Version 0.37 (2024-02-26 06:21:00.347000)

updates: The US dollar's strength is looking like a new normal

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Version 0.37 (2024-02-26 06:21:00.347000)

updates: The US dollar's strength is looking like a new normal

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Version 0.37 (2024-02-26 06:21:00.347000)

updates: The US dollar's strength is looking like a new normal

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Version 0.36 (2024-02-26 03:18:15.933000)

updates: The US dollar is expected to strengthen ahead of key data releases, including US inflation figures. The dollar index is currently at 104.01, up 0.04%. The upcoming US CPI release will be a decisive factor for market direction, with potential support at 102.3 and resistance at 103.2-103.6. The US Dollar Index rebounded after hitting a three-week low. The short-term forecast for the US Dollar Index leans towards a bullish perspective, with a gradual weakening expected from the second quarter if rate cuts are initiated in June. The US Dollar Index is experiencing its first weekly decline in 2024, down 0.08% on Friday.

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Version 0.35 (2024-02-23 18:16:33.246000)

updates: The US Dollar Index continues to pull back from recent highs. The dollar's performance has been subdued despite positive economic indicators. The dollar remains strong due to persistent inflation concerns and higher-than-anticipated consumer and producer price index figures. Treasury yields have risen, reflecting uncertainty about the timing and frequency of rate cuts. The short-term forecast for the US Dollar Index leans towards a bullish perspective, with a gradual weakening expected from the second quarter if rate cuts are initiated in June. The yen has been the weakest G10 currency due to near-zero interest rates, positioning the dollar as a strong performer against the yen. The US Dollar Index is currently trading at $103.769, down 0.08% [8f2567c3] [ac072285].

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Version 0.34 (2024-02-23 17:19:44.069000)

updates: US Dollar Index experiences slight uptick, anticipation rises for PCE data, risk appetite leads to first weekly decline in 2024

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Version 0.33 (2024-02-23 15:22:04.453000)

updates: The US Dollar Index is experiencing its first weekly decline in 2024, down 0.08% on Friday. This decline is attributed to a surge in risk appetite and a shift in investor sentiment towards riskier assets. The decline is also linked to the market adjusting to a later timeline for Federal Reserve rate reductions, potentially around June or beyond.

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Version 0.32 (2024-02-22 23:20:23.928000)

updates: The U.S. dollar's muted performance despite strong economic indicators

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Version 0.32 (2024-02-22 23:20:23.928000)

updates: The U.S. dollar's muted performance despite strong economic indicators

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Version 0.31 (2024-02-22 21:18:33.809000)

updates: Dollar slips as S&P 500 rallies to a record high

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Version 0.3 (2024-02-22 16:24:55.985000)

updates: The US Dollar Index rebounded after hitting a three-week low. Investors are awaiting new data catalysts to determine the timing of interest rate cuts by the Federal Reserve. The dollar is likely to benefit from divergences with other countries as the US economy appears relatively stronger. Personal Consumption Expenditures (PCE) data may provide further clues for Fed policy. Jobless claims unexpectedly fell last week.

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Version 0.29 (2024-02-22 12:34:21.297000)

updates: Updates on the US Dollar Index's performance and factors influencing it

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Version 0.28 (2024-02-19 16:20:12.094000)

updates: The US Dollar Index shows resilience amid inflation data and Fed uncertainty

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Version 0.27 (2024-02-16 12:19:37.735000)

updates: The US Dollar Index rebounds to 104.423 amid anticipation of key economic indicators [f2d44924]

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Version 0.26 (2024-02-16 03:18:07.734000)

updates: Analysis of the dollar's 'smile' theory and its support from market turmoil, geopolitical tensions, and a strong US economy

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Version 0.25 (2024-02-13 14:22:26.963000)

updates: Danske Research Team's analysis on the global environment and strong US economy supporting the USD

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