Bartlett
He liked
He liked
US Dollar Index seems vulnerable near 105.00 on firm Fed rate cut bets for September
The USD Index struggles to sustain above 105.00 amid signs that the US labor market cools down. Firm speculation for Fed rate cuts in September keeps the US Dollar on its toes. Investors shift focus to the US inflation data for fresh guidance. The US Dollar Index (DXY) trades close to the crucial su
He liked
He liked
He liked
He liked
Euro edges higher as eurozone data improves
The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up fro
He liked
DAX Gains On Mixed Earnings, Data
German stocks traded higher on Tuesday as investors reacted to mixed economic readings and earnings. Germany's factory orders posted an unexpected fall in March due to the decrease in domestic demand, data from Destatis revealed. Factory orders decreased 0.4 percent on a monthly basis, confounding e
He liked
USD/JPY outlook: Initial reversal signal requires more work at the upside for confirmation
USD/JPY USDJPY edges higher on Monday after a pullback from new record high (160.19) was contained by strong Fibo support at 151.72 (61.8% retracement of 146.48/160.19 upleg, reinforced by 55DMA). Strong rejection here left a Hammer candle on Friday, initial signal of reversal, which could be booste
He liked
He liked
Week ahead: BoE and UK GDP in the spotlight
Following Friday’s huge miss in US jobs data – which triggered dollar selling, a bid in equities and bonds, and a sizeable dovish repricing in rates (markets are now implying 53bps of easing this year for the Fed funds target rate, with September fully priced in for a 25bp cut as opposed to November
He liked
He liked
He liked
US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
US Nonfarm Payrolls are forecast to rise by 243K in April, down from March’s 303K gain. The United States Employment report will be released by the Bureau of Labor Statistics at 12:30 GMT. The US Dollar looks to employment data after the Fed signaled its intention to hold rates higher for longer on
He liked
FX markets reflect uncertain interest rate outlook
USD – Uncertainty is high The EURUSD has been moving in a range since the beginning of 2023. Interest rate expectations have changed constantly during this time, but neither of the two economic areas has been able to gain a lasting advantage. This is likely to have been the reason for the relatively
Pull-up Update