EUR/USD Vulnerable to More Losses Amid Fed, ECB Divergence

Forex Analysis by Fawad Razaqzada covering: EUR/USD, US Dollar Index Futures, Crude Oil WTI Futures. Read Fawad Razaqzada's latest article on Investing.com

The pressure on the euro is growing as the gap between expected rate cuts from the Fed versus the ECB keeps widening. The latter is moving closer to cutting interest rates right as the former’s timeline lengthens.and a few Fed speakers. But the next big US macro data is not due until late in the month when the Fed’s favorite measure of inflation is released on April 26.

From the Eurozone side of things, a weak economy and cooling price pressure have increased the pressure on the European Central Bank to cut rates sooner rather than later. With the 21-day exponential moving average now falling below the 200 simple moving average, this is an additional bearish signal. With price action being below these moving averages, this suggests that the path of this resistance is clearly to the downside.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

US Dollar Index Futures Crude Oil WTI Futures

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 Bulls Look Unstoppable - Traders Should Stick to Dip-Buying StrategiesStocks Analysis by Fawad Razaqzada covering: EUR/USD, S&P 500, SPDR® S&P 500, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »

Opening Bell: 3 High-Potential Bullish Setups Formations for TodayStocks Analysis by Fawad Razaqzada covering: S&P 500, SPDR® S&P 500, Amazon.com Inc, Tesla Inc. Read Fawad Razaqzada's latest article on Investing.com
Read more »

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Mar 21, 2024 when EUR/USD traded near 1.09.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
Read more »

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 06, 2024 03:00 GMT when EUR/USD traded near 1.09.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
Read more »

Silver Could Be Heading to $50 - Watch These Levels for CluesCommodities Analysis by Fawad Razaqzada covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »

Gold Rally Could Faze Out Soon, but Silver's Is Just BeginningCommodities Analysis by Fawad Razaqzada covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »