Iran is still quiet about reasons behind the helicopter accident Saudi Arabia’s King health scare turns focus on Crown Prince Oil still under pressure; a new catalyst could reverse the recent trend Iranian Presidential elections Read more…
Dollar traders lock gaze on core PCE index Eurozone CPIs in focus as June cut looms Tokyo CPIs may complicate BoJ’s policy plans Aussie awaits Australian CPIs and Chinese PMIs Will PCE data break the Read more…
The Canadian economy likely grew more quickly in Q1 2024 based on headline figures, but it was not fast enough yet again to keep up with surging population growth. That means gross domestic product on Read more…
On Thursday 6 June, the ECB is widely expected to deliver a 25bp rate cut, largely because the governing council members have stated as much. The updated June staff projection is expected to suggest that Read more…
Economic news was to the solid side this week with not least euro area PMIs painting a stronger picture. The main surprise came from manufacturing PMI which increased from 45.7 to 47.4 (consensus 46.1) while Read more…
Markets Today’s eco calendar was light compared to earlier this week but that didn’t prevent a further sell-off on core bond markets. April US durable goods orders were stronger than expected, but March figures face Read more…
Remember the dollar menu? Is it just a remnant of a less inflationary, pre-Covid past? Well, considering the $1 McDonald’s (MCD) cheeseburger was going for $3.15 in 2023, it’s safe to say the golden arches Read more…
Amazon has a massive product advantage over Walmart. The online leader offers hundreds of millions of items for next-day or two-day delivery. In fact, because of its supply chain network, Amazon can often get Prime Read more…
Daily Pivots: (S1) 1.0794; (P) 1.0827; (R1) 1.0850; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive Read more…
Daily Pivots: (S1) 0.9128; (P) 0.9143; (R1) 0.9160; More…. Intraday bias in USD/CHF stays neutral and further rise is in favor with 0.9077 minor support intact. On the upside, above 0.9157 will resume the rebound Read more…