EUR/USD During today’s trading session, the single European currency rose against the dollar by almost a figure. At the time of writing, the rate of the euro against the dollar is consolidating around the support Read more…
The dollar is on track to break a 6-week winning streak, and the euro and gold may present a couple of opportunities around that theme. Asian Indices: Australia’s ASX 200 index rose by 73.9 points Read more…
Market movers today Today we get the euro area consumer confidence data for May. A rebound from the very depressed levels would be a welcome sign, but it might be too early in light of Read more…
The US equities closed Thursday’s session in the negative following a choppy trading session, as investors’ hearts pounded between buying the dip, or selling further on recession fear. The latter gained the upper hand; the Read more…
Markets European stock markets eventually lost 1.5% to 2% yesterday. Given WS’s performance on Wednesday evening, the damage remained “contained”. It’s nevertheless telling that stocks barely managed to show some form of intraday rebound following Read more…
Daily Pivots: (S1) 1.2772; (P) 1.2834; (R1) 1.2885; More… Intraday bias in USD/CAD stays neutral and further rally is in favor with 1.2712 support intact. On the upside, break of 1.3075 will resume the rise Read more…
Daily Pivots: (S1) 1.2364; (P) 1.2445; (R1) 1.2551; More.. Intraday bias in GBP/USD remains neutral and outlook is unchanged. . Further decline will remain in favor as long as 1.2637 resistance holds. On the downside, Read more…
Dollar and Yen traded with an undertone in Asian session today but Aussie is also mildly weaker. On the other hand, Swiss Franc is the stronger one, followed by Kiwi and Canadian. Sterling is treading Read more…
UK retail sales rose 1.4% mom in April, well above expectation of -0.2% mom decline. That’s also more than enough to recover the -1.2% mom decline in March. Ex-fuel sales also rose 1.4% mom, versus Read more…
Key insights from the week that was. After a very strong run, Australia’s labour market took a breather in April, with only 4k jobs created in the month (market consensus 30k). Still, the unemployment rate Read more…