EUR/USD Weekly Forecast: United States inflation and European growth coming next

The EUR/USD pair ended the week as it started, trading a handful of pips above the 1.0900 mark.

Concerns about central banks’ monetary policy decisions keep investors on their toes. The United States will release the July Consumer Price Index next week. EUR/USD loses upward momentum, but there are no signs of an upcoming slide. Panic dominated financial markets throughout the first half of the week as investors assessed United States macroeconomic data that spurred recession concerns.

8 posted the previous month, while Initial Jobless Claims for the week ended August 2 decreased to 233K, beating the expected 240K. Across the pond, the Hamburg Commercial Bank published the final estimate of the Eurozone July PMIs, upwardly revising the EU Composite PMI to 50.2. Additionally, the June Producer Price Index rose by 0.5% month-over-month and declined by 3.2% year-over-year , surpassing the market’s expectations. Finally, Retail Sales in the same month fell by 0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Recommended Centralbanks Growth Inflation

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD Weekly Forecast: US Dollar sell-off to continue amid mounting rate cut hopesThe EUR/USD pair fell to a fresh three-week low of 1.0776 on Thursday but managed to finish the week in the green above the 1.0900 threshold.
Read more »

EUR/USD Weekly Forecast: Could the Federal Reserve pave the way for a September cut?The EUR/USD pair edged lower in the fourth week of July, trading marginally lower in the 1.0850 region ahead of the close.
Read more »

EUR/USD Weekly Forecast: US Dollar can turn bullish on upbeat growth and inflation dataThe EUR/USD pair halted its latest run and is closing the week unchanged, just below the 1.0900 mark.
Read more »

EUR/USD Forecast: Bulls hesitate on encouraging United States dataThe EUR/USD pair held within familiar levels throughout the first half of the day, with the Euro showing resilience to the broad US Dollar’s strength ahead of the release of the United States (US) preliminary estimate of the Q2 Gross Domestic Product (GDP).
Read more »

Weekly forex analysis: EUR/USD, GBP/USD, AUD/USD and more [Video]Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY , USD/CHF Forecast.Our weekly forex forecast covers technical analysis, price action on major forex pairs , assets using the high-timeframes and market environment.
Read more »

EUR/USD Forecast: Euro defines near-term range before next breakoutEUR/USD closed the second consecutive day virtually unchanged on Thursday.
Read more »