Eur usd news live

Here are some recent news and updates on the EUR/USD currency pair:

Current Rate: 1.1235 (as of 10:00 AM EST)

Recent News:

  1. ECB Meeting Minutes: The European Central Bank (ECB) released the minutes from its latest monetary policy meeting, which showed that policymakers were divided on the need for further stimulus. The EUR/USD pair dipped to 1.1185 in response to the news.
  2. US-China Trade Talks: The US and China are set to resume trade talks in Washington DC, with the goal of reaching a deal to end the ongoing trade war. A positive outcome could boost the USD and put pressure on the EUR/USD pair.
  3. German GDP: Germany's GDP growth slowed to 0.1% in the fourth quarter, missing expectations of 0.3%. The news weighed on the EUR/USD pair, which fell to 1.1195.
  4. US Jobless Claims: The US Labor Department reported that initial jobless claims fell to 216,000, beating expectations of 225,000. The strong jobs data boosted the USD and pushed the EUR/USD pair down to 1.1220.
  5. Eurozone Inflation: The eurozone's inflation rate remained steady at 1.3% in January, missing expectations of 1.4%. The news had a limited impact on the EUR/USD pair, which traded in a narrow range.

Upcoming Events:

  1. ECB President Lagarde Speaks: ECB President Christine Lagarde is set to speak at a conference in Frankfurt, where she may provide insights on the bank's monetary policy stance.
  2. US Retail Sales: The US Commerce Department will release retail sales data for January, which is expected to show a 0.3% increase.
  3. Eurozone GDP: The eurozone's GDP growth rate for the fourth quarter is expected to be revised downward to 0.2% from 0.3%.
  4. US Inflation: The US Labor Department will release the Consumer Price Index (CPI) for January, which is expected to show a 0.2% increase.

Technical Analysis:

The EUR/USD pair is trading within a narrow range, with the 50-day moving average (MA) at 1.1245 and the 200-day MA at 1.1165. The pair is likely to remain range-bound until there is a clear break above or below these levels.

Trading Recommendations:

  1. Buy: If the EUR/USD pair breaks above the 50-day MA at 1.1245, consider buying with a target at 1.1300.
  2. Sell: If the pair breaks below the 200-day MA at 1.1165, consider selling with a target at 1.1100.

Please note that these are just general trading recommendations and should not be taken as personalized investment advice. It's always important to do your own research and consider your own risk tolerance before making any trading decisions.