Eurozone unemployment rate edged higher to 6.3% in May, missing expectations for an unchanged reading at 6.2%. Eurostat data showed 10.83m people unemployed in the Eurozone, part of a total 13.05m across the EU. The Read more…
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The euro has appreciated by approximately 15% against the US dollar this year, as confidence in the United States continues to wane. As ECB Chief Economist Philip Lane noted in an interview at CNBC: “There Read more…
The EUR/USD pair soared to 1.1801 on Wednesday, marking its ninth consecutive day of gains. The US dollar remains under heavy pressure due to expectations of a dovish shift in Federal Reserve policy and growing Read more…
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A sector rotation took centre stage in the US stock market on Tuesday, 1 July, as investors pulled out of mega-cap technology stocks. The Nasdaq 100 slid -0.90%, underperforming significantly, while the Dow Jones Industrial Read more…
Markets The US Senate pulled an all-nighter and squeaked through president Trump’s supersized bill. Vice-president Vance had to break the tie in favour of the bill with a nail-biting 51-50 vote. The Senate’s version of Read more…
Daily Pivots: (S1) 196.32; (P) 197.09; (R1) 197.90; More… Intraday bias in GBP/JPY stays neutral as consolidations continues below 198.78. Near term outlook will stay bullish as long as 193.99 support holds. Above 198.78 will Read more…
Daily Pivots: (S1) 168.58; (P) 169.19; (R1) 169.93; More… EUR/JPY staying in consolidations below 169.83 and intraday bias remains neutral. Deeper retreat might be seen but downside should be contained well above 166.01 support to Read more…
Daily Pivots: (S1) 0.8565; (P) 0.8581; (R1) 0.8605; More… Intraday bias in EUR/GBP remains on the upside as rise from 0.8354 is in progress. Sustained trading above 61.8% retracement of 0.8737 to 0.8354 at 0.8591 Read more…