The first week of July passed relatively calmly. The battle between the euro and the dollar ended in a draw, gold returned to the middle of its medium-term range, bitcoin once again failed to hold above 110,000, while Brent crude oil showed a slight increase. In the second week of the month, key drivers will…
EUR/USD edges up 0.18% in thin trading as traders digest Trump’s sweeping tariff plans and EU–US tensions mount. Trump confirms tariffs up to 70% to take effect August 1, targeting EU goods, including food. Bloomberg: EU carmakers seek tariff relief via US investment pledges. Light US calendar shifts focus to German industrial output and Eurogroup…
European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday, “I’m still cautious, following all data available.” Additional quotes I’m worried about investment in the Euro Area. Strong Euro will bring more investors to Europe. Euro strength reflection of global developments. I’m in no rush to lower interest rates. A weak Q2 could…
EUR/USD pulls back to 1.1695 after hitting yearly peak above 1.1750. US core PCE inflation rises above expectations; consumer sentiment improves, weighing on Euro. ECB’s Knot sees one more cut in 2025; French inflation cools, Spain’s HICP exceeds 2%. The EUR/USD retreats from yearly highs above 1.1750, tumbling below 1.1700 despite market participants being convinced…
Last week, markets traded in a mixed fashion amid persistent geopolitical risks and shifting macro expectations. The dollar kept its resilience, oil prices firmed up thanks to tension-related premiums, bitcoin saw volatile swings but remained in an uptrend, and gold stayed near record levels. In the coming week, traders will be watching for fresh US…
EUR/USD up 0.36%, set to end week flat after Trump delays military action against Iran. Waller’s call for a July cut contrasts with Fed report and Barkin’s cautious stance. EU–US trade deal in jeopardy as July 9 deadline nears, capping upside potential. The Euro recovers some ground against the US Dollar on Friday and is…
Last week ended with sharp moves driven by geopolitical headlines: oil and gold rose significantly, while the euro strengthened within its range. In the coming week, traders will closely monitor developments in the Middle East and statements from major central banks, which could trigger a fresh wave of volatility or provide signals for profit-taking. 💶…
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Thursday that “the ECB has arrived at neutral level of rates.” Additional quotes Important ECB doesn’t commit to one direction or another. Rates may still have to come down as risk has increased that inflation will be below projections. Important to take a pause on rates. I don’t…
General Outlook The first week of June saw mixed performances across major financial markets. Toward the end of the week, the euro weakened slightly against the US dollar, while bitcoin recovered from midweek losses. Gold prices remained elevated amid safe-haven demand, and Brent crude oil prices edged higher despite concerns over increased supply. As we…
Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit. The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%. Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes. EUR/USD trip down extends…