China concerns boost the US dollar The US dollar...

Or will the downtrend continue? The euro has rebounded well against the dollar over the last week as risk appetite has modestly improved but it’s already running into some trouble. The pair has been in a long-term downtrend and we could soon see if that is set to continue. It has run into resistance around […]

It was another messy session overnight with energy, equities, precious metals and currencies trading in wide choppy ranges, diverging in price direction, with no unifying sense of theme emerging. Markets are trying to make sense of a hawkish FOMC that announced a dovish rate hike and believes it can tighten aggressively while maintaining growth. Not […]

If you are in the business of trading currencies, or you are looking to dive into this liquid market, you will first want to ensure that you choose a good broker. Things to look out for in a foreign exchange broker include the safety of the service, Trustpilot reviews, account features, and the ability to […]

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OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the ECB meeting.

The US dollar remained well-bid overnight, with losses versus the euro offset by gains versus Asian and Commonwealth currencies. The rise in US yields, and haven flows, continue to be supportive of the greenback, as do commodity prices, most of which are priced in US dollars. That left the dollar index trading sideways, easing 0.16% […]

Surging commodities and a strong dollar add to stock traders' woes, with Goldman Sachs' former CEO wondering why crypto assets are not "having a moment."

Sell-off accelerates in risk-averse trade The decline in the EURUSD pair has really accelerated over the last week after the West imposed severe sanctions against Russia that will have implications for the global economy, in particular Europe. Sanctions rarely work one way but they are designed to ensure the maximum and majority pain is imposed […]

After starting the week with gains, the euro has been on a nasty slide, which has continued on Friday.  EUR/USD has dropped below the symbolic 1.10 level in the European session and is at its lowest level since June 2020. Fire at Ukraine nuclear plant sends euro lower The intensified fighting which is raging in […]

The euro has posted slight gains in the European session, as it trades around 1.1450. Thursday was an absolute barn-burner, as EUR/USD surged 1.18%, its best one-day performance since December 2020. Lagarde beats a retreat on rates The ECB did not raise rates at its meeting on Thursday, but some tweaks in the statement and […]

The European Central Bank (ECB) has kept interest rates at zero but Christine Lagarde, ECB’s president, said there was “unanimous concern” among policy makers about inflation. “Compared with our expectations...

What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. The currency has taken a nasty spill this week, falling a massive 1.73%. US GDP outperforms The markets are still […]