ECB

In recent hours, the euro has depreciated by nearly 0.5% against the U.S. dollar, and a bearish bias has started to take shape following the release of today’s Non-Farm Payrolls (NFP) report.

EUR/USD may further retrace the decline from the April high (1.1573) it extends the advance from the start of the month.

Over the past five trading sessions, EUR/USD has shown consistent strength, climbing more than 2% and successfully breaking through the psychological 1.15000 level, while the U.S. dollar continues to weaken in the short term.

EUR/USD gives back the rebound from the weekly low (1.1264) as the European Central Bank (ECB) implements another 25bp rate-cut.

EUR/USD is overbought on the weekly and sellers had an open door to drive a deeper pullback earlier this week. But, so far, they’ve failed to push through the first area of support at the 1.1275 Fibonacci level.

Over the past two trading sessions, EUR/USD has shown consistent weakness, falling by more than 0.5%, as the U.S. dollar regains strength.

EURUSD, USDCAD Outlook: The upcoming non-farm payrolls report and Fed Chair Powell’s speech today are keeping markets on edge, poised to either confirm the steep trends or trigger a reversal at the weekly close

EUR/USD stages a four-day rally even as the European Central Bank (ECB) delivers a 25bp rate-cut.

The ECB are expected to cut their interest rate by 25bp to 2.5% today. But you wouldn’t think this was the case, given EUR/USD surged to a 4-month high on Wednesday amid its best 3-day run in 10 years.

EUR/USD may stage further attempts to test the January high (1.0533) ahead of the ECB interest rate decision as it snaps the series of lower highs and lows from last week.

EURUSD, Nasdaq Analysis: The EURUSD pair hesitates below the 1.05 mark as the Federal Reserve holds rates with confidence, while the Nasdaq maintains its bullish rebound despite mixed earnings reports.