AlselvSignals

EUR/USD Price Analysis

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AlselvSignals تم تحديثه   
FX:EURUSD   يورو / دولار أمريكى
Greetings, dear acquaintances!

During the early European session on Thursday, the EURUSD currency pair is experiencing a positive upward trend and is currently trading at 1.051. The concerns of investors have been sparked by the decline in government bond sales. The yield on German 10-year Treasury bonds has reached its highest level since 2011, standing at 3%, while US Treasury yields briefly reached a peak of 4.88% before subsequently decreasing.

According to data from the Eurozone, there has been a 0.6% increase in the Producer Price Index (PPI) for August, aligning with expectations. Additionally, annual interest rates have dipped into negative territory - transitioning from -7.6% to -11.5%. Unfortunately for market analysts' predictions of only a slight decline of 0.3%, retail sales in the Eurozone experienced a more significant decrease of 1.2% during August. Therefore, it shows that the path of least resistance for this pair is down.

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