EUR/USD stays consolidative near 1.1330, looks to Powell, data

EUR/USD alternates gains with losses around 1.1330.
German Economic Sentiment improves to 63.4 in June.
Fed’s J.Powell, Retail Sales next of relevance event-wise.

Pablo Piovano FXStreet

The prevailing side-lined theme in the global markets is motivating EUR/USD to extend the consolidative mood above the 1.1300 mark at the time of writing.

EUR/USD focused on data, Powell

EUR/USD is wobbling in the low-1.1300s on turnaround Tuesday, looking to add to Monday’s strong gains although losing some upside impetus in the 1.1350 region so far.

In fact, the pair regained buying interest at the beginning of the week in response to a wave of selling pressure around the buck, particularly after the Federal Reserve announced extra purchases under its Secondary Market Corporate Credit Facility (SMCCF).

Moving forward, the greenback is expected to be under scrutiny later in the session in light of the release of May’s Retail Sales, Industrial/Manufacturing Production and the testimony by Chief J.Powell before the Senate Banking Committee, as part of the Semi-annual Monetary Policy Report to the Congress.

Earlier in the session, the German Economic Sentiment came in above estimates this month, rebounding to 63.4 (from 51.0). In the broader Euroland, the Economic Sentiment also improved more than forecasted at 58.6 (from 46.0).

What to look for around EUR

EUR/USD has opened the week on a strong note after the Fed announced another round of fresh monetary stimulus, undermining the insofar positive momentum around the dollar. The constructive view in the euro, however, remains well sustained by the gradual and relentless re-opening of economies in Europe and by the ongoing monetary stimulus announced by the ECB, Germany and the European Commission. On top, the solid performance of the region’s current account is also adding to the attractiveness of the shared currency.

EUR/USD levels to watch

At the moment, the pair is gaining 0.04% at 1.1327 and a breakout of 1.1422 (weekly/monthly high Jun.10) would target 1.1448 (50% Fibo of the 2017-2018 rally) en route to 1.1495 (2020 high Mar.9). On the other hand, the next support aligns at 1.1212 (weekly low Jun.12) seconded by 1.1186 (61.8% Fibo of the 2017-2018 rally) and finally 1.1024 (200-day SMA).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.