According to Jeremie Peloso, Chief Europe Strategist at financial advisory firm BCA Research, the euro is in the early stages of a multi-year bull market that could eventually take EUR/USD to 1.40.
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According to Boris Vujcic, a member of the Governing Council of the European Central Bank (ECB), the regulator should not perceive the temporary drop in inflation in Europe below the 2% target as something too serious. The ECB mustn’t hurry with further interest rate changing.
9 July
Analysts at ING forecast the euro-dollar currency pair to consolidate within the range of 1.1700–1.1830 this week. However, they warn of an upside risk to 1.1900–1.1910 if Washington misjudges market sentiment. Yet, this scenario is unlikely.
8 July
ECB expected to cut rates by 25 basis points in July — UBS forecast
Analysts at UBS predict the European Central Bank (ECB) could deliver another rate cut amid global economic uncertainty, with a 25 basis point reduction to 1.75% expected on July 24. However, ongoing EU-US trade talks could influence this outlook.
8 July
According to Francois Villeroy de Galhau, Governing Council member at the European Central Bank (ECB), the best alternative tool for managing monetary policy is large-scale asset purchases.
8 July
German industry showed growth amid possible increase in duties from US
German industrial production showed unexpected growth in May. According to Bloomberg experts, the increase in output was driven by companies' efforts to accelerate shipments to the US ahead of potential higher tariffs.
8 July
An increase of the indicator value may contribute to the rise in quotes of EUR.
8 July
A decrease of the indicator value may contribute to the fall in quotes of EUR.
7 July
ECB may miss 2% inflation target if euro strengthens — Villeroy de Galhau
The ECB may miss its 2% inflation target following the euro's sharp rally. This warning came from ECB Governing Council member Franсois Villeroy de Galhau. Since January, the euro has strengthened by roughly 14%, sparking concerns among some ECB officials after inflation slowed to 2%.
7 July
Analysts at Capital Economics say the European Central Bank (ECB) is likely to cut interest rates only in September due to concerns over global trade and the recent rise in the euro.
7 July
A decrease of the indicator value may contribute to the fall in quotes of EUR.
7 July
The European currency is one of the world's major monetary units. It has a crucial role to play in the global economy. Market participants constantly need to identify trends and forecast fluctuations in the euro exchange rate in order to make reasonable trading decisions.
Key drivers of the euro are the following:
- Macroeconomic indicators such as consumer price indices (CPI), estimates of gross domestic product (GDP), and central bank decisions;
- Political variables such as geopolitical stability and government policies.
Market manipulation by large investors has a significant impact on the exchange rate of the European currency. Their actions can both stabilize and greatly shake the money market. These may include:
- large injections or withdrawals of currency from the market;
- change in the general mood among investors, which often depends on economic and political conditions.
Investment activity monitoring can help to understand and predict trends in the movement of the European currency rates.
Forecasting the value of the euro is a challenging task. There are many reasons for this, including geopolitical and economic risks that make foreign exchange markets particularly susceptible to change. Minor political instability or financial crisis in certain countries may have a significant impact on the value of the European currency, emphasizing the need to carefully consider these factors when developing investment strategies.
Successful trading the Eurozone currency requires a comprehensive approach. Analyzing global political and economic circumstances, taking into account the influence of traders, and assessing risks are integral parts of the decision-making process for opening trading positions.
