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EUR/USD, capped below 1.0700 maintains the broader bearish trend intact
Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh boost to the USD. Euro bears remain in control on
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EUR/CHF upside attempts remain limited below 0.9730
The Euro bounced up strongly after Friday's reversal, but it has stalled below the 0.9730 - 40 area. Weak eurozone Consumer Confidence data has eroded confidence in the Euro. Failure to extend gains beyond 0.9740 might give hope for bears to retest 0.9675. The Euro bounced up sharply after fears of
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AUD/JPY extends losses after Japan CPI figures amid dovish RBA’s outlook
AUD/JPY depreciates after the release of Japan’s inflation figures released on Friday. The Japanese Yen gains support from the hawkish remarks made by BoJ Governor Kazuo Ueda on Thursday. The Australian Dollar loses ground as soft domestic jobs data reinforced a dovish outlook on RBA’s monetary poli
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British Pound shows signs of recovery amid favourable inflation data
The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK
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World economy: To cut or not to cut (simultaneously)?
US inflation March figure, again higher than expected, put an end to our scenario of a simultaneous first rate cut by the Fed, the ECB, and the BoE in June. We now expect only two rate cuts by the Fed this year, the first in July and the second one in December. The possibility is even rising that th
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FTSE 100 Falls On Weak Employment Data
U.K. stocks traded lower on Tuesday after data showed the unemployment rate rose in three months to February. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics said. The rate was seen at 4.0 percent. In March, payrolled employmen
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