ECB’s Lagarde says inflation fight not over US PMIs paint a mixed picture The euro is almost unchanged on Tuesday. In the North American session, EUR/USD is trading at 1.0948, down 0.05%. Lagarde says inflation Read more…
GBPUSD tries to record another green candle The strong move from the October lows continues undaunted Momentum indicators remain favourable for the current move GBPUSD is trying to register its fourth consecutive green candle as Read more…
Important events regarding AUD took place this morning: → the level of retail sales for the month in Australia unexpectedly fell: actual = -0.2%, expected = +0.1%, a month earlier = +0.9%. → a press Read more…
The euro (EUR) gained 0.13% on Monday as weaker-than-expected sales of new homes in the U.S. brought the U.S. dollar lower. Possible effects for traders Technically, the U.S. Dollar Index did enough damage over the Read more…
The gold (XAU) price rose for the third consecutive trading session, gaining 0.58% and reaching a six-month high. Possible effects for traders The U.S. economy continues signalling a slowdown, increasing the chances for interest rate Read more…
In a speech in Cyprus today, Joachim Nagel, ECB Governing Council member and Bundesbank President, described the inflation outlook as “encouraging”. But he was quick to caution that this “that does not necessarily mean that Read more…
Gold surges in short-term Stochastic stands in overbought area, indicating bearish correction Gold prices are extending their bullish rally towards a fresh six-month high of 2,018, holding well above the simple moving averages (SMAs) in Read more…
Markets European bonds after a hesitant start captured a solid bid yesterday. Markets again raised the odds for an ‘early spring’ ECB rate cut (April 70% chance). ECB’s Lagarde before the European parliament holding a Read more…
Germany’s Gfk consumer sentiment index for December showed a marginal improvement, rising from -28.3 to -27.8, slightly better than expected -28.5. This slight uptick indicates a subtle shift in consumer sentiment as the year ends. Read more…
Monday morning’s rebound in US bond yields didn’t last long; the US sovereign bond yields fell as rapidly as they rose on Monday as a $55bn auction of 5-year US bonds saw strong demand after Read more…