empty
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

04.01.202323:49 Forex Analysis & Reviews: The euro showed weakness

Exchange Rates 04.01.2023 analysis

EURUSD, H4 chart

The euro fell sharply on Tuesday. At the same time, the euro received some support from the bulls on Wednesday, January 4th. But the single currency still showed weakness and it is clearly visible on the chart.

Fundamental: inflation in Germany fell sharply to 8.6% per annum from 10% per annum last month.

This gives the European Central Bank the right to slow down with the rate hike. But this also plays against the strengthening of the euro.

This week there will be reports on the US economy - ISM industrial on Wednesday, and the Non Farm and ISM service on Friday.

The minutes of the Federal Reserve meeting on Wednesday.

The news will probably show that the Fed is thinking about some kind of pause in raising rates.

This may locally push the euro to the highs of December.

But I still believe that you should start selling the euro from the highs.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

See Also

Forex News
  • 2025-04-27 08:53:32
    TSX Halts 3-Day Win Streak
    2025-04-27 08:53:32
    Michigan Consumer Sentiment Declines in April, Current Conditions Index Drops to 59.8
    2025-04-27 08:53:32
    Michigan Consumer Expectations Hit New Low in April 2025
    2025-04-27 08:53:32
    Michigan 5-Year Inflation Expectations Rise to 4.4% in April
    2025-04-27 08:53:32
    U.S. Inflation Expectations Rise Sharply in Michigan for April 2025
    2025-04-27 08:53:32
    Michigan Consumer Sentiment Declines: April's Numbers Reflect Economic Concerns
    2025-04-27 08:53:32
    Baltic Dry Index Rises for 3rd Day, Posts Weekly Gain
    2025-04-27 08:53:32
    Mexico Economic Activity Shrinks the Most in Nearly 1 Year
    2025-04-27 08:53:32
    Ibovespa Struggles for Direction
    2025-04-27 08:53:32
    US Stocks Waver but Remain on Track for Weekly Gain
  • 2025-04-27 08:53:32
    Macau Jobless Rate Rises to 1.9% in Jan-March
    2025-04-27 08:53:32
    China Industrial Profits Rise 0.8% in Q1
    2025-04-27 08:53:32
    Chinese Industrial Profits Rebound in March, Surpassing Expectations
    2025-04-27 08:53:32
    Ibovespa Edges Higher on Friday
    2025-04-27 08:53:32
    TSX Edges Lower as Mining Stocks Drop
    2025-04-27 08:53:32
    US Equities Rise as Alphabet, Tesla Boost Markets
    2025-04-27 08:53:32
    Oil Ends Week Lower Amid Supply Concerns, Trade Uncertainty
    2025-04-27 08:53:32
    Kiwi Dollar Speculative Net Positions Show Signs of Recovery as Traders Turn Bullish
    2025-04-27 08:53:32
    Speculative Bets on Yen Rise as Traders Eye Market Uncertainty
    2025-04-27 08:53:32
    Brazilian Real Speculative Net Positions Edge Higher to 49.9K
  • 2025-04-27 08:53:32
    Australian Dollar Bears Retreat Slightly as CFTC Positions Narrow
    2025-04-27 08:53:32
    Swiss Franc Speculative Positions Narrow in CFTC Report
    2025-04-27 08:53:32
    Mexican Peso Speculative Positions Surge to New Highs, Signaling Shifts in Market Sentiment
    2025-04-27 08:53:32
    Shift in Sentiment: Improvement in Canadian Dollar Speculative Positions
    2025-04-27 08:53:32
    Wheat Speculative Net Positions Decline in U.S. CFTC Update
    2025-04-27 08:53:32
    Speculative Interest in Soybeans Reaches New Heights Amid Market Optimism
    2025-04-27 08:53:32
    Speculative Silver Bets Marginally Increase Amid Market Uncertainties
    2025-04-27 08:53:32
    S&P 500 Speculative Net Positions Dip Further in April, Reaching New Lows
    2025-04-27 08:53:32
    Speculative Bets on Natural Gas Show Decrease in Short Positions as Market Shifts
    2025-04-27 08:53:32
    Surge in Speculative Trading: Nasdaq 100 Positions Spike to New High
  • 2025-04-27 08:53:32
    U.S. Gold Speculative Positions Decline: CFTC Reports Significant Drop
    2025-04-27 08:53:32
    Speculative Net Positions in Crude Oil Soar in the United States, Reaching New Highs
    2025-04-27 08:53:32
    Corn Speculative Positions Diminish in Latest CFTC Report
    2025-04-27 08:53:32
    Surge in Speculative Net Positions Signals Renewed Interest in Copper Market
    2025-04-27 08:53:32
    U.S. CFTC Aluminum Speculative Net Positions Dip to 0.7K by Late April 2025
    2025-04-27 08:53:32
    Euro Speculative Positions Take a Slide: A 4.3K Drop in CFTC EUR Net Positions
    2025-04-27 08:53:32
    GBP Speculative Net Positions Surge as Investors Bet on UK's Economic Resilience
    2025-04-27 08:53:32
    Spain Consumer Confidence at 5-Month Low
    2025-04-27 08:53:32
    Week Ahead - Apr 28th
    2025-04-27 08:53:32
    Alphabet Lifts Nasdaq and S&P 500
  • 2025-04-27 08:53:32
    U.S. Baker Hughes Rig Count Inches Up by Two, Reaching 587
    2025-04-27 08:53:32
    U.S. Oil Rig Count Edges Up to 483, Indicates Slight Industry Recovery
    2025-04-27 08:53:32
    DAX Rises for 4th Day, Books Weekly Gain
    2025-04-27 08:53:32
    European Stocks Gain for 4th Day
    2025-04-27 08:53:32
    UK Stocks Advance for 10th Day, Book Weekly Gain
    2025-04-27 08:53:32
    Canada Government Budget Gap Narrows in February
    2025-04-27 08:53:32
    Canada's Budget Surplus: A Remarkable Turnaround in February
    2025-04-27 08:53:32
    Canada's Budget Balance Sees Improvement in February 2025
    2025-04-27 08:53:32
    US Consumer Sentiment Revised Up, Holds at 2022-Lows
    2025-04-27 08:53:32
    US Year-Ahead Inflation Revised Down, Still at 1981 Peak
  • 2025-04-27 08:53:32
    TSX Halts 3-Day Win Streak
    2025-04-27 08:53:32
    Michigan Consumer Sentiment Declines in April, Current Conditions Index Drops to 59.8
    2025-04-27 08:53:32
    Michigan Consumer Expectations Hit New Low in April 2025
    2025-04-27 08:53:32
    Michigan 5-Year Inflation Expectations Rise to 4.4% in April
    2025-04-27 08:53:32
    U.S. Inflation Expectations Rise Sharply in Michigan for April 2025
    2025-04-27 08:53:32
    Michigan Consumer Sentiment Declines: April's Numbers Reflect Economic Concerns
    2025-04-27 08:53:32
    Baltic Dry Index Rises for 3rd Day, Posts Weekly Gain
    2025-04-27 08:53:32
    Mexico Economic Activity Shrinks the Most in Nearly 1 Year
    2025-04-27 08:53:32
    Ibovespa Struggles for Direction
    2025-04-27 08:53:32
    US Stocks Waver but Remain on Track for Weekly Gain
  • 2025-04-27 08:53:32
    Macau Jobless Rate Rises to 1.9% in Jan-March
    2025-04-27 08:53:32
    China Industrial Profits Rise 0.8% in Q1
    2025-04-27 08:53:32
    Chinese Industrial Profits Rebound in March, Surpassing Expectations
    2025-04-27 08:53:32
    Ibovespa Edges Higher on Friday
    2025-04-27 08:53:32
    TSX Edges Lower as Mining Stocks Drop
    2025-04-27 08:53:32
    US Equities Rise as Alphabet, Tesla Boost Markets
    2025-04-27 08:53:32
    Oil Ends Week Lower Amid Supply Concerns, Trade Uncertainty
    2025-04-27 08:53:32
    Kiwi Dollar Speculative Net Positions Show Signs of Recovery as Traders Turn Bullish
    2025-04-27 08:53:32
    Speculative Bets on Yen Rise as Traders Eye Market Uncertainty
    2025-04-27 08:53:32
    Brazilian Real Speculative Net Positions Edge Higher to 49.9K
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.