Just one week before the highly anticipated June RBA Board meeting, Australian Q1 2022 GDP is set to drop this Wednesday. This Wednesday, just one week before the highly anticipated June RBA Board meeting, Australian Read more…
The Euro remains constructive in early Monday’s trading following strong advance in past two weeks, but bulls are facing headwinds from pivotal barrier at 1.0767 (50% retracement of 1.1184/1.0349/falling 55DMA). Weaker dollar continues to underpin Read more…
Bitcoin is down 2.5% over the past week, ending near $29,200. Ethereum lost 10.6%, while other leading altcoins in the top 10 fell from 1% (Polkadot) to 14.8% (Solana). The total capitalisation of the crypto Read more…
EUR/USD The pair scored a second week of gains and the bulls managed to form a local support at around 1.0640. In the early hours of today, the euro is trading higher and it seems Read more…
Swiss KOF Economic Barometer dropped from 103.0 to 96.8 in May, below expectation of 102.3. The indicator is now below its long-term average. KOF said, “the Swiss economy is thus likely to develop moderately over Read more…
Markets Stock markets ended last week with a bang. Europe added 1.83% while gains on Wall Street went as high as 3.33% (Nasdaq) after an already strong performance on Thursday. The S&P500 (+2.47%) jumped closer Read more…
European index futures have opened higher, suggesting sentiment remains buoyant after Friday’s rally. And that could bode well for a potential breakout on AUD/JPY. Asian Indices: Australia’s ASX 200 index rose by 86.3 points (1.2%) Read more…
The week starts on a positive note after the rally we saw in the US stocks before last week’s closing bell. European futures hint at a positive open. The US 10-year yield stabilized around the Read more…
Market movers today The most important data releases today will be the Euro Area Sentiment indicators for May, as well as the German and Spanish flash CPIs. They will both give an early sense of Read more…
Asian markets are mostly positive this morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail of course, and corkers in both Read more…