In a blog post, ECB President Christine Lagarde said she expects net asset purchases under the APP to “end very early in the third quarter”. “This would allow us a rate lift-off at our meeting Read more…
EUR/USD The euro managed to consolidate some of its sharp declines and amassed nearly 200 pips against the dollar last week. On the last trading day, the single European currency failed to maintain its weekly Read more…
USDJPY has been trending downwards after peaking at the 20-year high of 131.34 in early May. Nevertheless, in the past few four-hour sessions, the pair has managed to halt its decline and is currently moving Read more…
Markets On Friday, markets closed a volatile week in a calm fashion. China reducing the 5-year Prime Loan Rate more than expected gave some comfort that authorities still have some ammunition left to address the Read more…
Gold prices are advancing above the 200-day simple moving average (SMA) and find resistance near the 1,853 level and the 20-day SMA at 1,857. The technical indicators are showing some signs for more positive actions. Read more…
Market movers today The week is starting slowly on the data front with no major releases today apart from the IFO survey for May in Germany. This week, focus will turn to the PMIs tomorrow, Read more…
The week starts with an improved sentiment. The S&P500 just avoided to close in the bear market last Friday, but the index sank its teeth into the bear zone for the first time since the Read more…
Daily Pivots: (S1) 158.96; (P) 159.58; (R1) 160.42; More… Intraday bias in GBP/JPY remains neutral at this point. On the downside, break of 155.57 will extend the correction towards 150.96 key structural support. Nevertheless, on Read more…
Daily Pivots: (S1) 134.50; (P) 135.15; (R1) 135.72; More…. Intraday bias in EUR/JPY remains neutral for the moment. Corrective pattern from 139.99 could still extend lower. On the downside, break of 132.63 will resume the Read more…
Daily Pivots: (S1) 0.8435; (P) 0.8465; (R1) 0.8482; More… Intraday bias in EUR/GBP remains neutral for the moment. Further rise will remain in favor as long as 0.8365 support holds. On the upside, break of Read more…