The Euro has been sliding for the better part of the past two weeks, plagued by two main issues: the ECB attempting to wrestle inflation pressures while preventing bond market fragmentation; and growing stagflation concerns.
The Euro has been sliding for the better part of the past two weeks, plagued by two main issues: the European Central Bank attempting to wrestle inflation pressures while preventing bond market fragmentation; and growing stagflation concerns as energy prices remain elevated and growth slows.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall. Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EUR/USD trading bias.
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.
England women end nation’s 56-year soccer title drought with Euro winEngland ended more than a half-century of frustration with a 2-1 victory over Germany on Sunday in the final of the Women’s European Championship.
Read more »
Chloe Kelly Pulls A Brandi Chastain In England's Euro Win And Chastain ReactsThe England women's national team won the European Championship for its first major title.
Read more »
Women's Euro final smashes TV viewership recordsAs England's victorious players gathered Monday with thousands of fans in Trafalgar Square to celebrate their first European soccer championship, the BBC released stunning TV viewership figures that quantified just how much of the nation they'd captivated.
Read more »
Euro zone factory activity contracted in July as recession fears growManufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession.
Read more »
The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020 – Altcoins Bitcoin NewsWhile the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% since 2020.
Read more »
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPYThe USD continued to pullback after last week’s FOMC rate decision. The Fed didn’t say anything particularly dovish but given the response in both Forex and equities, it seems that there’s building hope for a pivot by the FED.
Read more »