Daily Pivots: (S1) 1.1074; (P) 1.1109; (R1) 1.1159; More… Intraday bias in EUR/USD remains on the downside for the moment. Current fall is part of the down trend from 1.2348. Next target is 61.8% projection Read more…
Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after Read more…
US initial jobless claims dropped -18k to 215k in the week ending February 25, better than expectation of 235k. Four-week moving average of initial claims dropped -5k to 230.5k. Continuing claims rose 2k to 1476k Read more…
In the accounts of February ECB meeting, it was argued that monetary policy in the current environment was to “ensure that inflation expectations remained firmly anchored ” and to “avoid the risk of the prevailing high Read more…
Entertainment giant Disney brings something new to one of its U.S. theme parks. Walt Disney (DIS) – Get Walt Disney Company Report, at its core, remains a family entertainment company. Sure, it now owns Deadpool, Read more…
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 2-3 February 2022 1. Review of financial, economic and monetary developments Read more…
Stocks are holding support after Fed’s Powell’s encouraging statements on monetary policy tightening, but crude oil keeps moving higher based on the situation in Ukraine. With recent jump on stocks we also see JPY crosses Read more…
GBPAUD is trying to record the tenth straight negative session, plummeting to a new almost four-month low around 1.8292. Technically, the 20- and 40-day simple moving average (SMA) recorded a bearish crossover, while the price is also falling Read more…
PMIs, trade balance power higher Australia posted strong data earlier in the day, but the Australian dollar remains almost unchanged as it trades around the 0.73 level. Services PMI jumped to 57.4 in February, up Read more…
The Euro comes under fresh pressure on Thursday and probes again below 2022 low at 1.1121 (Jan 28) after several attempts failed to register a clear break lower. Deteriorating geopolitical situation on continuing clashes in Read more…