Euro ($EUR/USD) Forex Forecast: Down 0.8% Today

What is Euro?

EUR/USD is the most traded currency pair in the world, representing the value of the euro against the US dollar in the forex market.

Why is Euro going down?

EUR/USD forex is down 0.8% on Dec 18, 2024 19:41

• The bearish movement of EUR/USD today could be attributed to the lack of clear direction in the Eurozone economy, leading to a stronger dollar.
• The publication of the supplement by a financial institution may have introduced uncertainty or raised concerns among investors, impacting the euro's value.
• A company's periodic report on the buyback program might have bolstered the US dollar, as investors potentially shifted focus towards American assets.
• The resolutions of the Extraordinary General Meeting of Shareholders of a company might not have directly influenced the EUR/USD pair, as the focus remained more on the Eurozone and US economic factors.

EUR/USD Price Chart

EUR/USD Technical Analysis

EUR/USD News

Nykredit Realkredit A/S publish supplement no 3 to joint Euro Medium Term Note Programme - Nykredit Realkredit A/S

To Nasdaq Copenhagen ...

https://www.globenewswire.com/news-release/2024/12/18/2998819/0/en/Nykredit-Realkredit-A-S-publish-supplement-no-3-to-joint-Euro-Medium-Term-Note-Programme-Nykredit-Realkredit-A-S.html

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Maranello ( Italy ) , December 16, 2024 - Ferrari N.V. ( NYSE/EXM: RACE ) ( "Ferrari" or the "Company" ) informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth tranche of the multi-year share buyback program of ...

https://www.globenewswire.com/news-release/2024/12/16/2997508/0/en/FERRARI-N-V-PERIODIC-REPORT-ON-THE-BUYBACK-PROGRAM.html

Resolutions of the Extraordinary General Meeting of Shareholders of EPSO-G

Energy Transmission and Exchange Group EPSO-G ( legal entity code 302826889, registered address Laisvės pr. 10, Vilnius, Lithuania ...

https://www.globenewswire.com/news-release/2024/12/12/2996318/0/en/Resolutions-of-the-Extraordinary-General-Meeting-of-Shareholders-of-EPSO-G.html

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Euro Price History

22.10.2024 - EUR/USD Forex was down 1.5%

• The decline in the EUR/USD currency pair today may be linked to:
• Unaudited financial data from JSC 'Siguldas ciltslietu un mākslīgās apsēklošanas stacija' indicating a decrease in pre-tax profits compared to the previous year, suggesting potential economic hurdles in the Eurozone.
• A positive trading update from Aegon, a life insurance company, bolstering investor optimism in the US economy and strengthening the US Dollar against the Euro.
• Aegon's strong capital ratios in its primary units could indicate stability and growth prospects in the US market, further enhancing the US Dollar's position relative to the Euro.

07.05.2024 - EUR/USD Forex was down 0.5%

• The decline in the EUR/USD currency pair today may be linked to:
• Concerns about the Eurozone's economic outlook related to the upcoming UEFA Euro 2024 tournament and its potential impact on the economy.
• Market uncertainty triggered by Italy's final squad announcement for Euro 2024, affecting the Euro's strength against the US Dollar.
• The renewed availability of crypto purchases using Visa and Mastercard on Binance, drawing investor interest away from traditional currencies like the Euro.
• Speculation surrounding the retirement of prominent football stars after Euro 2024, contributing to market instability in Europe and influencing the Euro's performance against the US Dollar.

13.01.2024 - EUR/USD Forex was down 0.5%

• The bearish movement in the EUR/USD today can be attributed to the following factors:
• 1. Improving Economic Sentiment in Eurozone: The attempt at recovery in the EUR/USD pair could be due to the improving economic sentiment in the Eurozone. This positive sentiment may have led to increased demand for the Euro, causing a temporary recovery in the pair.
• 2. US Inflation Stays in Focus: The focus on US inflation could have contributed to the bearish movement in the EUR/USD pair. If there are concerns about rising inflation in the US, it could lead to a stronger US Dollar and a weaker Euro, resulting in a bearish movement in the pair.
• 3. Speculative Net Longs in Euro Fall: The fall in speculative net longs in the Euro could also have played a role in the bearish movement. When speculators reduce their bullish bets on the Euro, it can lead to a decrease in demand for the currency and a subsequent decline in the EUR/USD pair.
• 4. German Bond Yields Slip: The slip in German bond yields, along with the prospect of a fairly imminent rate cut by the European Central Bank, could have added downward pressure on the Euro and contributed to the bearish movement in the EUR/USD pair.

06.10.2024 - EUR/USD Forex was down 0.2%

• The Euro zone inflation rising higher than expected to 2% may have strengthened the euro, but surprisingly, it had the opposite effect on the EUR/USD pair, leading to a bearish trend.
• The announcement of Euro Sun's $2.15 million private placement might have caused some uncertainty or volatility in the euro, contributing to the downward pressure on EUR/USD.
• The bullish movement in the BTC price, reaching an all-time high against the euro, could have diverted investor attention and capital away from traditional currencies like the euro, impacting the EUR/USD pair negatively.

18.11.2024 - EUR/USD Forex was down 0.8%

• The bearish movement of EUR/USD today could be attributed to the lack of clear direction in the Eurozone economy, leading to a stronger dollar.
• The publication of the supplement by a financial institution may have introduced uncertainty or raised concerns among investors, impacting the euro's value.
• A company's periodic report on the buyback program might have bolstered the US dollar, as investors potentially shifted focus towards American assets.
• The resolutions of the Extraordinary General Meeting of Shareholders of a company might not have directly influenced the EUR/USD pair, as the focus remained more on the Eurozone and US economic factors.

02.07.2024 - EUR/USD Forex was up 0.9%

• The Eurozone's higher-than-expected inflation rate of 2.6% in July may have boosted confidence in the Euro, leading to increased demand and a bullish movement in the EUR/USD pair.
• Positive results and upward guidance from Ferrari N.V. could have also contributed to a positive market sentiment towards European assets, including the Euro.
• The digital euro being touted as the "most private electronic payment option" may have sparked interest in the Euro as a digital currency, potentially attracting more investors to the currency.