Today’s Forex currency environment, particularly focusing on the EUR/USD pair, is influenced by several key economic data points and central bank speeches. Economic Data Impacting the EUR/USD: Central Bank Speeches: Given this backdrop, your belief that the EUR/USD pair has hit resistance and is likely to reverse lower towards the…

Recent trends in the forex market have shown the US dollar (USD) weakening, especially after the latest US CPI release, suggesting a potential end to the Federal Reserve’s tightening cycle. With the dollar’s decline being broad-based, even currencies like the Japanese yen, which have been relatively unloved, are finding support.…

A Surprising Turn: Euro Gains as Dollar Weakens The week of November 12th through 17th, 2023, witnessed a significant shift in the EUR/USD currency pair. The Euro gained strength while the US Dollar weakened, a reversal of trends that many market analysts did not anticipate. 1. Why Did the Euro…