The euro (EUR) corrected throughout Wednesday and lost 0.3% after a substantial rise on Tuesday. Possible effects for traders Strong Retail Sales report and indications of easing inflation bolstered the U.S. dollar, contributing to beliefs about a ‘soft landing’ of the U.S. economy. This scenario suggests the Federal Reserve might delay rate cuts and keep […]
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Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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