One of the most heavily traded currency pairs, EUR/USD, witnessed tremendous volatility in recent sessions. After hitting a recent high of just above 1.1400, the pair retraced. It finished the week still well supported around 1.1360. The latest tickers for the US economy are disappointing, particularly with regards to Producer Prices. Consequently, the US Dollar is finding it difficult to hold onto its bullishness.
Just this week, speculators enjoyed the ride as EUR/USD blasted to multi-year highs. All contributed at least partly to this remarkable increase, including bullish market sentiment and positive economic data. The recent pullback indicates a cautious approach among investors, as they assess the broader economic landscape and potential impacts on currency valuation. The pair’s ability to hold above 1.1360 suggests ongoing strength in the Euro, reflecting confidence in the Eurozone economy compared to its US counterpart.
However, given this consistent approach, we want to be clear that FXStreet and its authors are not registered investment advisors. View the full disclaimer here. This article should not be considered investment advice, and accordingly such advice should not be inferred from the article. The lesson for retail investors is clear: be careful. Risk Warning: Statistics indicate that 81.4% of retail investor accounts lose money when trading CFD with this provider. This alarming statistic serves as a stark reminder of the need to do your homework and know the risks of every market before beginning to trade forex.
Traders simply adore this EUR/USD currency pair. Its extreme liquidity and widespread market participation ensure that it remains the most popular market in the world. As we approach 2025, a handful of brokers have become frontrunners in providing trading on this important currency pair. These brokers stand out among their peers thanks to their ultra-competitive spreads, lightning-fast execution speeds and industry-leading trading platforms. An in-depth rundown of these best brokers can help traders make the most educated decisions possible as they work their way through the unpredictable forex market.
While the views expressed in this article reflect the author’s perspectives, they do not necessarily align with FXStreet’s official policy or position. Blog Author mark birds martearth Mark is the CEO of BirdSmart Global.
For the last couple of months, the US Dollar has experienced a surprising turnaround. Unfavorable US Producer Prices data has caused the currency’s position in favor of the Euro to decay as well. Economic fundamentals have a huge impact on currencies. Historically, changes in producer prices have been precursors to larger economic trends. As traders digest all of these changes, they need to be alert and prepared to adjust for fluctuating market environments.