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Euro Forecast Directory - Page #120

A round up of the latest Euro forecast news items from the Currency News desk.

Euro US Dollar (EUR/USD) Exchange Rate Trapped in Narrow Ranges Near 1.0950

16 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Euro US Dollar (EUR/USD) Exchange Rate Trapped in Narrow Ranges Near 1.0950

The US Dollar has been trapped in narrow ranges on Monday with a firm underlying tone. The main move has been in the yen with the Dollar to Yen (USD/JPY) exchange rate surging to 145.90. As far as the Euro to Dollar (EUR/USD) exchange rate is concerned, it has settled just below 1.0950 with a slight negative bias and no challenge on...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Rate Held Below 1.1650 Ahead of Key UK Releases

16 Jan 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound to Euro Rate Held Below 1.1650 Ahead of Key UK Releases

The Pound to Euro exchange rate hit resistance close to 1.1650 on Friday and retreated to just below 1.1630 in Europe on Monday. Equities were unable to make headway after the European open with market fretting over the risk of further tensions in the Red Sea which also hampered risk conditions. UK economic data will be very important...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Week Ahead Forecast: EUR/USD Holds Above Support

14 Jan 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: EUR/USD Holds Above Support

The dollar was unable to hold gains on Thursday despite the stronger-than-expected inflation data and also lost ground on Friday despite significant geo-political developments. The Euro to Dollar (EUR/USD) exchange rate found support below 1.0950 on Friday and was held in tight ranges with slight net gains to 1.0975, but no attack on...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Rate Holds Above 1.1600 Despite UK GBP Data

14 Jan 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Holds Above 1.1600 Despite UK GBP Data

The Pound to Euro (GBP/EUR) exchange rate found support just above 1.1600 on Thursday and consolidated around 1.1630 on Friday. The latest UK data has not changed the narrative for the overall outlook with the economy flirting with recession for the second half of 2023. There are, however, expectations that the economy will perform...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Finds Support at 1.16

11 Jan 2024 at 9 PM - Written by Ben Hughes

STORY LINK GBP/EUR Exchange Rate Finds Support at 1.16

The Pound to Euro (GBP/EUR) exchange rate dipped from 1.1630 to 1.1600 on Wednesday following comments by ECB council member Schnabel. GBP/EUR did find support at 1.1600 and settled around 1.1620 on Thursday. There is the potential for choppy trading after the US inflation data later on Thursday with overall risk conditions likely...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Edges Lower on Hawkish ECB Rhetoric

11 Jan 2024 at 2 PM - Written by James Fuller

STORY LINK Pound to Euro Rate Edges Lower on Hawkish ECB Rhetoric

Sterling overall has been held in narrow ranges during Wednesday. The Pound to Dollar (GBP/USD) exchange rate found support below 1.2700, but stalled below 1.2750 and traded around 1.2735. The Pound to Euro (GBP/EUR) exchange rate edged lower to just above 1.1615. ECB Council member Schnabel stated that financial conditions have...

CATEGORIES: Pound Euro Forecasts

Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

11 Jan 2024 at 2 PM - Written by Tim Boyer

STORY LINK Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

The Euro to Dollar (EUR/USD) exchange rate was again held in tight ranges during Wednesday. EUR/USD found support just above 1.0920, but secured only a brief move above the 1.0950 level. There were no significant US developments during the day with an absence of market-moving factors. According to Scotiabank; “there is little...

CATEGORIES: Euro Dollar Forecasts

Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

10 Jan 2024 at 2 PM - Written by Frank Davies

STORY LINK Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

The Euro to Dollar (EUR/USD) exchange rate was unable to make further headway on Tuesday and gradually retreated to 1.0915 around the Wall Street open. The 10-year yield moved back above 4.00% and equities retreated which limited any risk of further dollar selling and EUR/USD was in no shape to test 1.10. The US NFIB small-business...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling's 2024 Momentum vs Euro, Dollar Stalls on UK Data

9 Jan 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling's 2024 Momentum vs Euro, Dollar Stalls on UK Data

The Pound has gained ground in 2024 on the basis of stronger-than-expected UK data and an easing of immediate recession fears. The data has also bolstered expectations that the Bank of England will resist any moves to cut interest rates. The Pound to Euro (GBP/EUR) exchange rate hit 3-week highs just above 1.1645 late on Monday...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate: Tests Important Resistance on UK/EZ Divergence

8 Jan 2024 at 3 PM - Written by Frank Davies

STORY LINK Pound to Euro Rate: Tests Important Resistance on UK/EZ Divergence

The Pound to Euro exchange rate strengthened to a 2-week high just below 1.1630 on Friday before correcting slightly on Monday to trade around 1.1610. The relative outlook for the UK and Euro-Zone will remain a key element for the Pound. According to Rabobank; “While it is still difficult to paint a glaringly optimistic picture of...

CATEGORIES: Pound Euro Forecasts

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