According to Reuters, France and Germany are weighing possible countermeasures against the US if talks with the Trump administration fail to produce an agreement.
23 July
Euro News (EUR)
Categories
Business activity in eurozone manufacturing sector shows signs of stabilization in April
The Purchasing Managers' Index (PMI) for the manufacturing sector of the eurozone, compiled by S&P Global, rose to 49.0 in April, marking the strongest reading in more than 30 months. As Reuters journalists pointed out, such dynamics came as a surprise.
5 May
European Central Bank (ECB) Vice President Luis de Guindos expressed confidence that inflation will soon return to the regulator’s 2% target. He believes this trend will be supported by the anticipated strengthening of the euro, falling commodity prices, and continued economic uncertainty.
5 May
European Union inflation holds above central bank's target level
Eurostat says the consumer price index rose 2.2% year-on-year last month. Economists surveyed by Bloomberg expected inflation to slow to 2.1%. The core index also exceeded analysts' forecasts, coming in at 2.7%.
5 May
French Prime Minister says budget reforms may require referendum
French Prime Minister Francois Bayrou announced his intention to present a plan to reduce the country's debt and boost production in the second-largest eurozone economy. The official did not rule out holding a referendum to gain popular support for the reforms.
5 May
An increase of the indicator value may contribute to the rise in quotes of EUR.
2 May
No change of the indicator value may reduce the volatility of the related markets.
2 May
No change of the indicator value may reduce the volatility of the related markets.
2 May
No change of the indicator value may reduce the volatility of the related markets.
2 May
An increase of the indicator value may contribute to the rise in quotes of EUR.
2 May
An increase of the indicator value may contribute to the rise in quotes of EUR.
2 May
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.
