TRENDING:

Oil price

XAU/USD

EUR/USD Analysis: trades at 1.1070

Dukascopy Bank Team Dukascopy Bank SA

EUR/USD

Yesterday, the EUR/USD currency pair was trading sideways in the 1.1020/1.1070 area. During Thursday morning, the pair was testing the resistance level—the monthly PP at 1.1069.

Note that the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located circa 1.1050. Thus, some upside potential could prevail in the market, and the rate could re-test the upper line of the short-term ascending channel at 1.1100.

However, if the given resistance holds, it is likely that the Euro could continue to consolidate against the US Dollar in the short term. If the given support does not hold, the pair could target the psychological level at 1.1000.

Author

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

GBP/USD weakens to two-week lows near 1.3520

GBP/USD trades on the back foot, returning to the low 1.3500s, or two-week troughs, on Tuesday. Cable’s bearish price action follows decent gains in the Greenback at the time when investors assess latest US data releases and the persistent uncertainty in the US-Iran crisis.

EUR/USD remains offered; breaks below 1.1600

EUR/USD now accelerates its daily correction, breaching below the key 1.1600 support level on Tuesday. The pair’s daily correction comes on the back of a decent bounce in the US Dollar despite disappointing US data releases and amid persistent geopolitical concerns.

Gold flirts with multi-week lows near $4,300

Gold accelerates its correction and recedes toward the key $4,300 mark per troy ounce on Tuesday. The yellow metal’s persistent decline comes in response to the solid performance of the US Dollar and a sharp move higher in US Treasury yields across the curve.

RBNZ set to raise interest rate to 2.75%

The Reserve Bank of New Zealand (RBNZ) is on track to deliver a follow-through interest rate hike, raising the Official Cash Rate (OCR) by another 25 basis points (bps) from 2.50% to 2.75% on Wednesday. Experts expect a consensus decision this week, unlike a deeply divided outcome predicted during the July monetary policy meeting.

Global bond market sell off haunts markets

Global sovereign bonds are selling off as we start a new month. The UK is, unsurprisingly, taking the biggest hit. Two and 10-year yields rose by 10 basis points at one point on Tuesday, and are currently higher by 7 and 8bps respectively.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.

EUR/USD Analysis: trades at 1.1070

EUR/USD

Broker Reviews

What Gold did when the shooting resumed

A forever Gold bull market?

Middle East war takes its toll on Gold prices

Gold and interest rates

Stocks slump on September's first day

The debasement trade: Could the US Dollar become the next casualty?

Editor's Picks

GBP/USD weakens to two-week lows near 1.3520

EUR/USD remains offered; breaks below 1.1600

Gold flirts with multi-week lows near $4,300

RBNZ set to raise interest rate to 2.75%

Global bond market sell off haunts markets

Diesel’s record $100 warning: The oil shock hiding in plain sight

Best Brokers in 2026

EUR/USD

Legal Text

Editor's Picks

Best Brokers in 2026