US Dollar Recovery: The US dollar regained losses from the Christmas week, with expectations for the Fed to cut rates at least twice this year, while the ECB maintains a neutral stance on policy decisions.
EURUSD Technical Analysis: The EURUSD pair has pulled back to a key support zone around 1.1670, with potential for buyers to step in, while sellers are looking for a break lower to target 1.14.
Upcoming Economic Data: Key economic reports this week include the US ISM Manufacturing PMI, Eurozone Flash CPI, and the US NFP report, which will influence market expectations and currency movements.
Market Sentiment: The market remains cautious, with traders closely monitoring inflation data and employment reports to gauge the likelihood of rate cuts or hikes from the Fed and ECB.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
Low
Averages
High
Current: 56.660
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
