EUR/USD — macro call

The current view, the scored evidence, and the news that actually moved EUR/USD. Horizon of hours to weeks — not scalping.

Current view

BEARISH

a few days

moderate signal

Scored hit rate

100% across 1 calls that reached their deadline

⚠️ Only 1 of 30 calls have been scored — shown for transparency, but too small a sample to be statistically meaningful yet.

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Scoring rules fixed in advance: gold and forex ±0.5%, BTC ±2%. Each call is scored at the horizon it declared for itself.

The call, day by day

Each row is where a day's view settled, with the main driver. Open a date for the full reasoning, key levels and invalidation.

  • BEARISHA widening growth gap — German prelim GDP seen slowing to 0.1% from 0.3% — leaves the euro carrying both weak data and a Russia-related risk premium.
  • BEARISHEurope is absorbing a widening geopolitical risk premium — IRGC threats against Britain and Red Sea supply disruption — on top of an adverse rate differential.
  • BEARISHTrump's fresh threat of major tariffs on the EU adds a trade-war discount on top of an already negative rate differential.
  • BEARISHECB hold plus Europe's larger energy-import exposure tilts policy divergence toward USD.
  • NEUTRALRange-bound into Thursday's ECB, the decisive near-term catalyst with rate seen held at 2.40%.
  • NEUTRALEUR/USD is pinned in range awaiting Thursday's ECB rate decision and press conference, the pair's dominant near-term catalyst.
  • NEUTRALECB hold plus firming eurozone PMIs offset a mild risk-off dollar bid ahead of Thursday.
  • BEARISHThe euro carries the region's energy-import exposure to the Iran oil shock, with a likely on-hold ECB offering no offset.
  • BEARISHThe eurozone is the cleanest structural loser from a physical Gulf energy supply shock.

Analysis archive →

News that moved it

Sources include newswires, central banks and reporting accounts on social media. Every item links straight to its original source — click through and check.

5 h agoGeopoliticsGoldEUR/USD

Romania downs third Russian drone; president calls the airspace breaches intolerable

x.com +1
11 h agoMonetary policyGoldDXYEUR/USD

US jobless claims hit a 60-year low as ECB holds rates steady, boosting the dollar.

x.com
19 h agoGeopoliticsGoldEUR/USDDXY

Iran's IRGC warns Britain will be a target if it backs the US militarily

x.com
1 d agoGeopoliticsGoldEUR/USDDXY

Trump threatens EU with major tariffs over alleged 'robbing' of US tech giants

cnbc.com
2 d agoMonetary policyEUR/USDDXYGold

ECB holds rates steady, signals door still open for further hikes.

x.com
3 d agoMonetary policyEUR/USDDXYGold

Traders eye ECB September rate hike as energy price spike stokes inflation risk

cnbc.com
3 d agoMonetary policyGoldEUR/USDDXY

Crude and gas prices climb ahead of today's ECB rate decision as Alphabet shares slide

x.com +1
3 d agoInflationGoldBTCDXYEUR/USD

Global bond yields surge as oil prices jump, stoking inflation fears

x.com +1
4 d agoGeopoliticsGoldEUR/USD

Russia reportedly unwilling to return occupied Ukrainian territory, seeks buffer zone

x.com
4 d agoInflationGoldDXYEUR/USD

US average hourly earnings hit record $37.64 in June, up 3.5% year-on-year

x.com
6 d agoRisk sentimentEUR/USD

Andy Burnham set to become UK's seventh PM in a decade, markets watch for policy risk.

x.com +1

See the full timeline →

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