Import prices in Germany jumped by 4.3% in August, dashing hopes of waning inflationary pressures. The year-on-year growth rate has accelerated from 28.9% to 32.7%, marking a new record since 1974 – another consequence of Read more…
The Euro edges higher in European trading on Friday, consolidating a sharp fall on Wed/Thu (2.04%). Renewed risk aversion which dragged the euro lower, is likely to gain pace as markets expect a robust US Read more…
Stock futures are higher ahead of the release of key September jobs data; Musk gets a slightly more time from a judge to close a deal with Twitter; Credit Suisse buys back $3 billion of Read more…
USD/JPY has been hovering close to the 145 line most of the week, and the trend has continued today. In the European session, USD/JPY is trading at 144.81, down 0.21%. The US releases nonfarm payrolls Read more…
The dollar index is holding within a narrow consolidation in early Friday, following strong rally in past two days (up almost 2%) which retraced 50% of 114.72/109.95 pullback, adding to signals that corrective phase from Read more…
USDCAD is gaining sustainable ground, finding support at the 1.3505 barrier. The 20- and 50-day simple moving averages (SMAs) are following the upward movement; however, the technical oscillators are weakening their momentum. The MACD is Read more…
The current chart of the USDCNH currency pair shows the development of the correction pattern – the primary zigzag Ⓐ-Ⓑ-Ⓒ. This primary construction today looks completed in two parts out of three. The last bullish Read more…
The S&P 500 treads water ahead of the nonfarm payrolls report in September. The index has been looking to claw back some losses after its drop below the critical floor at 3750. Sentiment remains downbeat Read more…
The euro weakened after the ECB minutes showed that a recession was “increasingly likely”. A break above 143.50 the origin of a previous liquidation has prompted sellers to cover their bets. This is an indication Read more…
The US dollar bounces higher as traders bet on the Fed to stay on an aggressive tightening course. With the double top (0.9860) now out of the picture, the directional bias remains up as the Read more…