* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

EUR/USD recovers as EU’s inflation exceeds forecasts

March 2, 2024
in Business
EUR/USD recovers as EU’s inflation exceeds forecasts
Share on FacebookShare on Twitter

EUR/USD bounces back from weekly lows, lifted by higher-than-expected Eurozone inflation figures.
European and US yields rise, supporting the euro amid expectations of ECB and Fed rate moves.
Comments from ECB’s Holzmann and Richmond Fed’s Barkin influence market sentiment on monetary policy.

The EUR/USD stages a recovery after falling to weekly lows of 1.0795 and climbs back above the 1.0800 figure, trading at 1.0817, up 0.11%. Inflation data from the Eurozone (EU) spurred a leg-up, as data exceeded estimates, while traders digest the release of Manufacturing PMI data

The major rebounds after EU’s data exceeds forecasts

EU inflation was revealed in the mid-European session, with figures edging lower but exceeding economists’ forecasts. The EU Harmonized Index of Consumer Prices (HICP) rose 2.6% YoY above estimates of 2.5%. Core HICP increased 3.1% YoY, above the consensus of 2.9% but lower than January’s 3.3%.

Consequently, yields in Europe and the US rose, thus providing a tailwind for the EUR/USD. Investors continued to project 90 basis points of rate cuts in 2024, expecting the first rate cut in June. Economists at Nordea and Commerzbank estimate the European Central Bank (ECB) would slash rates gradually, based on the thesis that wage increases loom.

Following the data, ECB Robert Holzmann commented they need to remain attentive to risk to inflation, adding they can’t rush decisions on rates.

Across the pond, the Richmond Fed President Thomas Barkin delivered hawkish remarks, saying, “We’ll see if there are rate cuts this year.” Barkin added that if numbers remain inconsistent, they should take that into consideration, emphasizing that he is in no rush to ease policy.

S&P Global revealed that manufacturing activity in February expanded sharply, with the PMI edging up from 50.7 to 52.2. Later, the Institute for Supply Management (ISM) reported that February Manufacturing PMI came at 47.8, below estimates of 49.5 and January’s 49.1.

EUR/USD Price Analysis: Technical outlook

During the week, the EUR/USD fell below the 1.0800 figure, but sellers failed to push prices toward the February 20 low of 1.0761, which would have exacerbated a deeper pullback to 1.0700. However, Relative Strength Index (RSI) studies are about to turn bullish, opening the door for further upside. If buyers lift the pair above the 200-day moving average (DMA) of 1.0828, the Euro will remain bid and reach for the 50-DMA at 1.0871.

EUR/USD Price Action – Daily Chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/eur-usd-recovers-as-eus-inflation-exceeds-forecasts-202403011503

Tags: businessEU’srecovers
Previous Post

United States ISM Manufacturing PMI came in at 47.8 below forecasts (49.5) in February

Next Post

DXY likely to track sideways over the next few weeks – HSBC

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

July 9, 2025
Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

July 9, 2025
200 million year-old jawbone revealed as new species – BBC

200 million year-old jawbone revealed as new species – BBC

July 9, 2025
Off-grid homeowner dispels common misconceptions about his lifestyle: ‘Doesn’t mean I live primitively’ – Yahoo

Off-Grid Living Uncovered: How One Homeowner Thrives Without Sacrificing Modern Comforts

July 9, 2025
Fluminense Is the Big Winner of the Controversial 2025 Club World Cup – Sportico.com

Fluminense Is the Big Winner of the Controversial 2025 Club World Cup – Sportico.com

July 9, 2025
A Masterclass on Status, Power, & the Economy with Tressie M… – Kottke.org

Unlocking Status, Power, and the Economy: A Masterclass with Tressie M

July 9, 2025
Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

July 9, 2025
Tuesday’s Station Research Advancing Crew Health as Crew Unpacks Cargo – NASA (.gov)

Tuesday’s Station Research Advancing Crew Health as Crew Unpacks Cargo – NASA (.gov)

July 9, 2025
Musk says he is forming new political party after fallout with Trump – CNN

Musk says he is forming new political party after fallout with Trump – CNN

July 9, 2025
Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

July 9, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (712)
  • Economy (737)
  • Entertainment (21,625)
  • General (15,793)
  • Health (9,774)
  • Lifestyle (742)
  • News (22,149)
  • People (737)
  • Politics (745)
  • Science (15,954)
  • Sports (21,235)
  • Technology (15,720)
  • World (718)

Recent News

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

July 9, 2025
Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version