Categories: Market Overview

Midday EURUSD roundup

The dollar index fluctuates close to 94.35, resuming growth after the United States and Europe data latest releases. EURUSD is changing hands at 1.1675. The pressure on the pair has intensified after falling under the 1.1730 level, which served as a strong support from the end of last week.

Bullish: Germany’s Consumer inflation (HICP) was accelerated by the end of September to 2.2% yoy against expectations of growth to 2.0% from 1.9% a month earlier. Above this mark inflation has not been for more than 6 last years.

Bearish: The growth in Durable Goods Orders in the U.S. by 4.5% m/m. Continued purchases of the dollar after relatively optimistic Fed’s rhetoric yesterday.

Next focus on: U.S. Pending Home Sales at 14:00 GMT.

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team
Tags: dxyeurusd

Recent Posts

Gold Wave Analysis – 19 March 2025

Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…

14 hours ago

EURJPY Wave Analysis – 19 March 2025

EURJPY: ⬇️ Sell - EURJPY reversed from resistance zone - Likely to fall to support…

14 hours ago

NZDUSD Wave Analysis – 19 March 2025

NZDUSD: ⬇️ Sell - NZDUSD reversed from the resistance level 0.5820 - Likely to fall…

22 hours ago

EURUSD Wave Analysis – 19 March 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance level 1.0930 - Likely to fall to…

22 hours ago

Ethereum gives way

The crypto market remains in a downtrend, with Ethereum losing market share while Bitcoin's share…

1 day ago

GBPUSD Wave Analysis – 18 March 2025

GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to resistance…

2 days ago