27 Agustus 2025, EUR/USD
Event to pay attention to today:
26.08 17:00 EET. USD - CB Consumer Confidence
EURUSD:
EUR/USD is holding onto its gains after rising more than three-quarters of a percent in the previous session, trading around 1.1630 during Asian hours on Tuesday.
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President Trump posted a letter on social media Tuesday morning announcing that he was removing Fed Governor Cook from the Fed's board of directors. However, Cook said she would not resign because there was no reason for her dismissal. “I will continue to fulfill my duties,” she added.
President Trump also warned that he could impose a 200% tariff on Chinese goods if China refuses to supply magnets to the US. In addition, Trump threatened “additional tariffs” and restrictions on the export of advanced technologies and semiconductors in response to digital services taxes that have hit US technology companies.
The EUR/USD pair is strengthening as the euro (EUR) receives support after the European Central Bank (ECB) signaled a pause in monetary policy easing amid a strengthening labor market in the eurozone. Meanwhile, details of the agreement between the EU and the US indicate that a 15% tariff will be imposed on most European goods, while cars, pharmaceuticals, and semiconductors may be exempt from tougher US duties.
Trade recommendation: BUY 1.1655, SL 1.1585, TP 1.1765
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