- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
EUR/USD Eyes 1.1335 as GDP and PPI Data Drive Market Expectations
By: fxleaders|2025/05/15 17:15:05
0
Share
EUR/USD is trading around $1.1196 as traders digest a wave of data from both sides of the Atlantic. Early Thursday releases from the Eurozone were mixed. Germany’s Wholesale Price Index (WPI) fell -0.1% vs -0.2% expected, France’s Final CPI was 0.6% vs 0.5% expected. Now we have Eurozone Flash GDP at 0.4% q/q and Industrial Production at 1.9% vs 1.1% prior. This macro backdrop has kept EUR/USD range bound with the pair unable to break above $1.1266. Traders are cautious ahead of US retail sales and PPI reports which will shape short term dollar direction and Fed policy expectations. US Data Today to Impact Dollar The dollar is in focus today with a full slate of data. US Core PPI is expected at 0.3% for April vs -0.1% prior. Core Retail Sales are expected at 0.3% vs 0.5% prior. Headline Retail Sales are expected to flatline at 0.0% after 1.4% gain last month. Also on the docket: Initial Unemployment Claims (229K), Empire State and Philly Fed manufacturing indices and Fed Chair Powell’s comments. With inflation and labor data in play, markets will reprice the odds of a Fed rate cut this year – a key driver for EUR/USD’s next move. Technical Outlook: EUR/USD near Inflection Zone Technically, EUR/USD is just above its 50 hour EMA at $1.1187 with the trendline from April highs capping upside at $1.1266. A break above this level would open up $1.1335 followed by $1.1377. But failure to hold above $1.1166 could see the pair retest $1.1119 and $1.1065. Key Resistance: $1.1266, $1.1335 Key Support: $1.1166, $1.1119Until then.
You may also like
What can we expect from the crypto market after the SEC and CFTC join forces?
Regulation is the starting point, and the bull market depends on the entry of traditional capital.
Hawkish Signal in Tightening Mode | Rewire News Brief
Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot
x402 and AI Agents: An Emerging Data Economy
x402 How to Perfectly Combine with Data Aggregation and Management?
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
Nobody knows the answer, including the Fed itself
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
A Cross-Section of Capital Market Gravity Direction Change
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.
Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
Over 100x Growth in 6 Months
After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?
Regulation is the starting point; a bull market depends on traditional fund inflows
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance capturing crypto users, but rather crypto capturing traditional users.
Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase
Overview of Important Market Events on March 18
Bitmain, mired in controversy, has found its strongest backing in the United States
Bitmain has been mired in controversies over the safety of its mining machines for years, but this has not stopped it from engaging in business cooperation with key members of the U.S. presidential family.
Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote
The Federal Reserve has again kept interest rates unchanged, stating that the situation in the Middle East has an uncertain impact for now. Governor Milan believes that interest rates should be cut by 25 basis points. The dot plot still indicates an expected rate cut once this year.
Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years
Tally chooses to take proactive stop-loss measures instead of stubbornly selling tokens and making promises that cannot be fulfilled.
SEC’s Stance on Crypto Assets: Most Not Considered Securities
Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…
South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents
Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…
Institutional Confidence in Crypto’s 2026 Growth Trajectory
Key Takeaways: A significant 73% of institutional investors plan to increase their crypto holdings by 2026. Exchange-traded products…
Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule
Key Takeaways: Ethereum introduces the Fast Confirmation Rule (FCR) aiming to cut bridge times from L1 to L2…
Crypto Firms Advocate DeFi Education in US Colleges
Key Takeaways: Twenty-one crypto organizations have called on US colleges to integrate decentralized finance (DeFi) into their curricula…
What can we expect from the crypto market after the SEC and CFTC join forces?
Regulation is the starting point, and the bull market depends on the entry of traditional capital.
Hawkish Signal in Tightening Mode | Rewire News Brief
Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot
x402 and AI Agents: An Emerging Data Economy
x402 How to Perfectly Combine with Data Aggregation and Management?
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
Nobody knows the answer, including the Fed itself
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
A Cross-Section of Capital Market Gravity Direction Change
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.
App