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: 2025.08.13
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EUR extending recovery and threatening fresh highs - Scotiabank
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EUR extending recovery and threatening fresh highs - Scotiabank
New
2025.08.13 20:24
2025.08.13 20:24
2025.08.13 20:24
The Euro (EUR) is entering Wednesday's NA session with an impressive 0.5% gain against the US Dollar (USD), rising in tandem with most of its G10 peers in an environment of broadbased USD weakness.
Technicals seem to be bullish
"The outlook for relative central bank policy remains dominant as markets price in more aggressive easing from the Fed. Interest rate differentials are narrowing from deeply negative levels and offering the EUR support, threatening an extension of the ~75bpt rise observed since late May. Data-wise, Germany released its final CPI figures for July, and headline was unchanged from the preliminary at 2.0% y/y."
"The EUR's latest gains have delivered a near full retracement of the decline from late July and the EUR is once again threatening fresh multi-year highs. Momentum is bullish, but the RSI is still below 60 and well shy of the overbought threshold at 70. We look to a near-term range bound between 1.1650 support and 1.1750 resistance."
Last updated
: 2025.08.13
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GBP/USD rallies as Fed cut bets soar despite hot core CPI
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2025.08.14 00:19Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets
The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.
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2025.08.14 00:16EUR/CHF Price Forecast: Bulls eye breakout above 0.9430 as Swiss Franc under pressure on US tariff shock
The EUR/CHF cross is trading flat but remains resilient above the 0.9400 level on Wednesday, consolidating its recent gains after a strong rebound from the lower end of its multi-month trading range.
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2025.08.13 23:33EUR/GBP weakens as Pound holds firm ahead of UK, Eurozone GDP data
The Euro (EUR) extends its decline against the British Pound (GBP) on Wednesday, with EUR/GBP coming under renewed selling pressure after failing to sustain Tuesday's overnight bounce. At the time of writing, the pair trades near 0.8625 in the early American session, down around 0.25% on the day.
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2025.08.13 22:31Gold holds above $3,350 as mild inflation data weighs on US Dollar
Gold (XAU/USD) extends its rebound on Wednesday, advancing for a second day after recovering from over a one-week low near $3,330.
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2025.08.13 21:26US Treasury Sec. Bessent: Good chance of 50 basis point rate cut
In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.
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2025.08.13 21:22Gold Price Forecast: XAU/USD ticks up to near $3,360, wobbles around 20-day EMA
Gold price (XAU/USD) trades marginally higher to near $3,360.00 during the European trading session on Wednesday.
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2025.08.13 20:41JPY gains on broader developments ahead of GDP - Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.13 20:28GBP extends Tuesday's jobs-driven rally - Scotiabank
The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.13 20:27USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum
The Canadian Dollar is drawing some support from the generalised US Dollar weakness, as the moderate US inflation figures seen on Tuesday boosted expectations of Fed monetary easing in September. The pair, however, remains within previous ranges, as the Loonie lacks upside momentum.
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2025.08.13 20:26Disclaimer:
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