In a Yahoo Finance interview, New York Fed President John Williams stated that one more rate hike could be a “reasonable starting place,” noting that it aligns with the median expectation of his colleagues. However, Read more…
The IMF released its World Economic Outlook, projecting global growth to slow from 3.4% in 2022 to 2.8% in 2023 and bottom there, and then rise to 3.0% in 2024. Global inflation is expected to Read more…
The US dollar traded higher during Easter Monday after finding some support on the back of Friday’s US non-farm payrolls report. But at the time of writing by Tuesday morning, most of those moves had Read more…
Eurozone Sentix Investor Confidence rises The Eurozone economy continues to recover, but there is plenty of work ahead. The Sentix Investor Confidence index improved to -8.7 in April, above the March read of -11.1 and Read more…
The dollar index edges lower on Tuesday, following a brief recovery in past few sessions, as markets return to business after Easter break. Bounce from new multi-week low at 101.07 (Apr 5) stalled at initial Read more…
Eurozone Sentix Investor Confidence increased from -11.1 to -8.7 in April, surpassing the expected -14.0. The Current Situation index experienced its sixth consecutive rise, moving from -9.3 to -4.3, reaching its highest level since March Read more…
Daily Pivots: (S1) 1.0823; (P) 1.0870; (R1) 1.0908; More… EUR/USD is staying in consolidation below 1.0972 and intraday bias stays neutral. With 1.0787 support intact, further rally is expected. On the upside, above 1.0972 will Read more…
EUR/USD rises ahead of retail sale, Fed speakers EUR/USD is rising, reversing losses from yesterday amid an improved market mood. The euro is finding support from hawkish ECB commentary after Klaas Knot said that the Read more…
DXY (US Dollar) Showing 5 swings impulse Elliott wave sequence lower from the 3/08/2023 high, which ended at $101.415 low on 4/05/2023. Above there, it favors a corrective bounce in 3, 7 or 11 swings Read more…
China’s CPI slowed from 1.0% yoy to 0.7% yoy in March, falling below the expected 1.0% yoy and marking the lowest level in 18 months since September 2021. Excluding food and energy, CPI increased from Read more…