{"id":123349,"date":"2023-07-17T05:28:12","date_gmt":"2023-07-17T05:28:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/eur-usd-demonstrates-volatile-squeeze-above-1-1200-as-focus-shifts-to-us-retail-sales-crypto-news\/"},"modified":"2023-07-17T05:28:14","modified_gmt":"2023-07-17T05:28:14","slug":"eur-usd-demonstrates-volatile-squeeze-above-1-1200-as-focus-shifts-to-us-retail-sales-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-demonstrates-volatile-squeeze-above-1-1200-as-focus-shifts-to-us-retail-sales-crypto-news\/","title":{"rendered":"EUR\/USD demonstrates volatile squeeze above 1.1200 as focus shifts to US Retail Sales\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/USD has turned sideways as investors await a fresh trigger for further guidance.<\/strong><\/li>\n<li><strong>S&#038;P500 futures have generated some losses, portraying caution among market participants.<\/strong> <strong>as a result the season has kicked off.<\/strong><\/li>\n<li><strong>The Euro has gained extreme strength as the ECB is expected to conclude its rate-hiking spell beyond July.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/USD pair has turned extremely choppy above the round-level resistance of 1.1200 in the Asian session.  The major currency pair has turned sideways as investors are awaiting the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">United States<\/a> Retail Sales (June) data for further guidance.<\/p>\n<p>S&#038;P500 futures have generated some losses in the Tokyo session, depicting caution among market participants as the second-quarter results season has kicked off.  US equities also faced some pressure on Friday as investors worried that corporate earnings could remain volatile due to more aggressive policy-tightening by the Federal Reserve (Fed) and tighter credit conditions by commercial banks to maintain asset quality.<\/p>\n<p>The US Dollar Index (DXY) is demonstrating a squeeze in volatility after building a base marginally below 100.00.  The USD Index is expected to deliver a power-packed action after the release of the US Retail Sales data.  As per the consensus, monthly retail demand is expected to expand at a higher pace of 0.5% vs.  the former release of 0.3%.  Retail demand excluding automobiles is seen expanding by 0.3% against the earlier release of 0.1%.<\/p>\n<p>Meanwhile, the Euro has gained extreme strength as the European Central Bank (ECB) is expected to conclude its rate-hiking spell beyond July as inflation is hotter in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/country\/c9822cb1-6cee-45f4-a9a2-89d136990308\">euro zone<\/a>,  Headline inflation in the shared continent is at 5.5% and the core inflation that excludes volatile oil and food prices is at 5.4%, stretched from the desired rate of 2%.<\/p>\n<p>Contrarily, economists at Nordea believe that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">European Central Bank<\/a> continues to see more tightening warranted, and another hike in July appears a done deal but it will be the last one in the current cycle.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD has turned sideways as investors await a fresh trigger for further guidance. S&#038;P500 futures have generated some losses, portraying caution among market participants. as a result the season has kicked off. The Euro has gained extreme strength as the ECB is expected to conclude its rate-hiking spell beyond July. The EUR\/USD pair has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,459,825,433,366,255,388,250,252,247,253,249,256,254],"class_list":["post-123349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-ecb","tag-eurusd","tag-fed","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=123349"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123349\/revisions"}],"predecessor-version":[{"id":123350,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123349\/revisions\/123350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5973"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=123349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=123349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=123349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}