Not out of the woods yet, remains vulnerable to slide further
Brian, hello dear friends!
Today, the EUR/USD pair is struggling to find any meaningful upward momentum on the first day of the new week and is trading within a narrow range around the 1.0500 level during the Asian trading session.
The prospect of further tightening by the Federal Reserve has boosted US Treasury yields, further strengthening the US Dollar (USD). Additionally, expectations that additional interest rate hikes by the European Central Bank (ECB) may no longer act as a barrier to the EUR/USD pair.
Today, the EUR/USD pair is struggling to find any meaningful upward momentum on the first day of the new week and is trading within a narrow range around the 1.0500 level during the Asian trading session.
The prospect of further tightening by the Federal Reserve has boosted US Treasury yields, further strengthening the US Dollar (USD). Additionally, expectations that additional interest rate hikes by the European Central Bank (ECB) may no longer act as a barrier to the EUR/USD pair.
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good luck
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Markets are pricing in a less than 60% probability that the Fed will leave policy rates unchanged this year. However, Powell is unlikely to steer the market in a certain direction ahead of this Friday's jobs report.
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