{"id":46593,"date":"2023-06-15T17:34:00","date_gmt":"2023-06-15T16:34:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=46593"},"modified":"2023-06-16T12:46:48","modified_gmt":"2023-06-16T11:46:48","slug":"market-wrap-euro-surges","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/","title":{"rendered":"Market Wrap &#8211; Euro Surges"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"46593\" class=\"elementor elementor-46593\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b5f129 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b5f129\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff8d7d1\" data-id=\"ff8d7d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d2d1744 elementor-widget elementor-widget-text-editor\" data-id=\"d2d1744\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a> pair rallied well above the 1.0900 level as the <a href=\"https:\/\/bit.ly\/42Li306\" target=\"_blank\" rel=\"noopener\">US dollar <\/a>continued to lose ground on the FX market due to the expectation that another central bank will hike and the FED will not.<\/p><p>Aside the EURUSD pair surging, <a href=\"https:\/\/bit.ly\/3N3NGw4\" target=\"_blank\" rel=\"noopener\">European equities<\/a> remained under pressure as the strength in the European weighed on sentiment. A stronger euro currency could slightly hamper demand for eurozone exports.<\/p><p>The gains against the US dollar were broad based, with the <a href=\"https:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">GBPUSD<\/a> pair surging higher above the 1.2750 area to new yearly highs, while <a href=\"https:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">antipodean currencies<\/a> continued to fare well, and the <a href=\"https:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">yen<\/a> pulled higher against the buck.<\/p><p>ECB President Lagarde pulled up the hawkish rhetoric during her scheduled speech and the question and answers session as she boldly said! We&#8217;re not thinking about pausing\u201d and \u201c<em>Are we done? No.<\/em>\u201d<\/p><p>Lagarde added that \u201c<em>We need to be confident that core inflation is heading down<\/em>\u201d and poring on pressure for a hike in July and \u201c<em>Unless there is a material change, we will hike in July.<\/em>\u201d The US dollar April and as Retail sales in the US unexpectedly rose 0.3% month-over-month in May of 2023, following a 0.4% increase in April, and beating forecasts of a 0.1% decline.<\/p><p>The data signalled consumer spending remains resilient, despite higher inflation and interest rates. Increases were seen across a number of sectors as US spending improved.<\/p><p>The so-called core retail sales which exclude automobiles, <a href=\"https:\/\/bit.ly\/3N5YeuM\" target=\"_blank\" rel=\"noopener\">gasoline<\/a>, building materials and food services, increased 0.2%, following a 0.6% gain in April.<\/p><p>Also, Industrial production in the United States went down 0.2 percent from a month earlier in May 2023, missing market expectations of a 0.1 percent increase.<\/p><p>Mining output slid 0.4 percent driven primarily by decreases in coal mining and support activities, in particular, <a href=\"https:\/\/bit.ly\/3Wy9GDE\" target=\"_blank\" rel=\"noopener\">oil<\/a> and <a href=\"https:\/\/bit.ly\/3NyhYbO\" target=\"_blank\" rel=\"noopener\">gas<\/a> well drilling. On the other hand, manufacturing activity increased 0.1 percent, as expected.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The EURUSD pair rallied well above the 1.0900 level as the US dollar continued to lose ground on the FX market due to the expectation that another central bank will hike and the FED will not. Aside the EURUSD pair surging, European equities remained under pressure as the strength in the European weighed on sentiment. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":23776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[54,18,42,567],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Euro Surges - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Euro Surges Market Wrap - Euro Surges\" \/>\n<meta property=\"og:description\" content=\"The EURUSD pair rallied well above the 1.0900 level as the US dollar continued to lose ground on the FX market due to the expectation that another central bank will hike and the FED will not.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T16:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T11:46:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GettyImages-93070463.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"478\" \/>\n\t<meta property=\"og:image:height\" content=\"285\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Euro Surges Market Wrap - Euro Surges\" \/>\n<meta name=\"twitter:description\" content=\"The EURUSD pair rallied well above the 1.0900 level as the US dollar continued to lose ground on the FX market due to the expectation that another central bank will hike and the FED will not.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; Euro Surges\",\"datePublished\":\"2023-06-15T16:34:00+00:00\",\"dateModified\":\"2023-06-16T11:46:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\"},\"wordCount\":302,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"ECB\",\"EURUSD\",\"Fed\",\"Rate hikes\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\",\"url\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\",\"name\":\"Market Wrap - Euro Surges - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-06-15T16:34:00+00:00\",\"dateModified\":\"2023-06-16T11:46:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Wrap &#8211; Euro Surges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Wrap - Euro Surges - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/","og_locale":"en_GB","og_type":"article","og_title":"Market Wrap - Euro Surges Market Wrap - Euro Surges","og_description":"The EURUSD pair rallied well above the 1.0900 level as the US dollar continued to lose ground on the FX market due to the expectation that another central bank will hike and the FED will not.","og_url":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-06-15T16:34:00+00:00","article_modified_time":"2023-06-16T11:46:48+00:00","og_image":[{"width":478,"height":285,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GettyImages-93070463.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Market Wrap - Euro Surges Market Wrap - Euro Surges","twitter_description":"The EURUSD pair rallied well above the 1.0900 level as the US dollar continued to lose ground on the FX market due to the expectation that another central bank will hike and the FED will not.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Market Wrap &#8211; Euro Surges","datePublished":"2023-06-15T16:34:00+00:00","dateModified":"2023-06-16T11:46:48+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/"},"wordCount":302,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["ECB","EURUSD","Fed","Rate hikes"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/","url":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/","name":"Market Wrap - Euro Surges - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-06-15T16:34:00+00:00","dateModified":"2023-06-16T11:46:48+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/market-wrap-euro-surges\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Market Wrap &#8211; Euro Surges"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/46593"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=46593"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/46593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/23776"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=46593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=46593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=46593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}