The Euro comes under pressure following weekly tops vs. the US Dollar. Stocks in Europe trade mostly on the defensive on Tuesday. EUR/USD runs out of steam near 1.0580.
The USD Index (DXY) maintains the constructive tone near 106.40. Germany, Eurozone Economic Sentiment surprised to the upside. US Retail Sales came in above expectations in September.
The Euro...
- The Euro extends its weekly recovery against the US Dollar. Stocks in Europe trade in a mixed tone so far on Thursday. EUR/USD adds to Wednesday's advance beyond the 1.0500 hurdle.
- The USD Index (DXY) appears under pressure in the sub-107.00 zone. The Construction PMI in Germany weakens in September. The usual weekly Claims and Fedspeak take centre stage...
⚡️ EUR/USD trades at 1.0572, registering marginal gains of 0.06%, as softer German inflation data and US government shutdown fears impact prices. US Core PCE data reveals a 3.9% YoY increase, below the expected 4%, diminishing chances for a November rate hike by the US Federal Reserve.
⚡️ A daily close below the 1.0600 mark for EUR/USD could see the pair...
⚡️The US ISM Manufacturing PMI is foreseen at 47.7 in September, improving further after June’s bottom.
⚡️ISM Prices Paid Index and Employment Index could give hints about the Federal Reserve’s next steps.
⚡️The risk for a EUR/USD corrective advance increased as the pair has fallen for 11 weeks in a row.
⚡️The Institute for Supply Management (ISM) will publish the...
