Markets The US market needle again points in the direction of a December rather than a September (50% probability from 85%) Fed policy rate cut after Friday’s consensus-beating payrolls. 272k net job growth and accelerating Read more…
Daily Pivots: (S1) 1.0768; (P) 1.0835; (R1) 1.0870; More…. EUR/USD’s steep decline today and strong break of 55 D EMA (now at 1.0810) indicates short term topping at 1.0915. more importantly, rebound from 1.0601 might Read more…
In holiday-thinned Asian trading today, Euro’s sharp decline was the focal point. Investors’ reaction to European Parliament election results was overwhelmingly negative. The far-right’s significant gains have sparked concerns, driving the common currency through key Read more…
The sight of the 272K new nonfarm job additions and the fastening wages growth above 4% on a yearly basis smashed the dovish Federal Reserve (Fed) expectations on Friday, and sent the US 2-year yield Read more…
In focus today Today, in the euro area, we receive the Sentix investor confidence indicator which will give us the first estimate of sentiment in June. We expect little to no market reaction to the Read more…
Key Highlights EUR/USD started a fresh decline from the 1.0915 resistance. It traded below a key bullish trend line with support at 1.0810 on the 4-hour chart. GBP/USD rallied toward 1.2700 before the bears appeared. Read more…
Euro spiked sharply lower in thin Asian session today, breaking a crucial support level against Sterling. This decline was sparked by the results of European Parliament elections, where Eurosceptic nationalists made notable gains, although the Read more…
ECB Governing Council member Robert Holzmann expressed concerns on Saturday about the risks of further reductions in ECB borrowing costs, particularly regarding their impact on the Euro exchange rate and inflation. Holzmann warned, “If the Read more…
GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800 (which has been repeatedly reversing the price from December) standing Read more…
