EUR/USD The Euro ended its streak of winning days and finished yesterday’s session in the red. The market is in a pullback phase after bottoming around parity. Given the record lows, a deeper correction can Read more…
Three parties in Mario Draghi’s coalition turned their back against him at yesterday’s confidence vote, meaning that Mario Draghi will resign again, today. Draghi’s resignation means early election in fall in Italy, and political chaos Read more…
Thursday is shaping up to be a frisky day for financial markets, but probably nothing today will be more important than when the bell tolls 6. A.M. in Berlin. The official Nord Stream 1 maintenance Read more…
Daily Pivots: (S1) 1.0135; (P) 1.0204; (R1) 1.0252; More… EUR/USD lost some upside momentum after hitting 1.0273 and intraday bias is turned neutral first. On the upside, above 1.0273 will resume the rebound form 0.9951 Read more…
The forex markets are generally steady in Asian session today, with all major pairs and crosses stuck inside yesterday’s range. BoJ’s decision to stand pat on policy triggered little reaction. Instead, focus will turn to Read more…
ECB will finally raise interest rates for the first time in 11 years today. Opinions are divided on whether ECB would hike by 25bps as pre-committed, or opt for a larger 50bps hike this time. Read more…
BoJ left monetary policy unchanged today as widely expected. Under the yield curve control frame work, short-term policy rate is held at -0.10%. BoJ will also will continue to purchase JGBs, without setting upper limit, Read more…
Australia NAB quarterly business confidence dropped from 15 to 5 in Q2. Current business conditions rose from 11 to 20. Next 3 months business conditions was unchanged at 26. next 12 months business conditions dropped Read more…
New Zealand goods exports rose 7.7% yoy to NZD 6.4B in June. Goods imports rose 25.0% yoy to NZD 7.1B. Trade balance came in at NZD -701m deficit, versus expectation of NZD 204m surplus. “Petroleum Read more…
DXY: On the H4, with prices moving within the ascending channel and bouncing off the stochastic support, we have a bullish bias that prices will rise to the 1st resistance at 107.514 where the 38.2% Read more…