The Federal Reserve (Fed) expectations soften as Jerome Powell says the ‘disinflationary process is now underway’, while the European Central Bank (ECB) expectations remain hawkish although Christine Lagarde revised the eurozone’s inflation outlook to ‘ba...
7 months agoThe euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year. Earlier today, EUR/USD dropped as low as 1.0768, its...
6 months agoEURJPY breaks pattern resistance Bullish signal triggered above 161.8 fib level Watch out for Eurozone PMI’s & PPI Potential price target at 164.208 Bloomberg Model: 80% chance EURJPY – (161.56 – 165.06) The EURJPY triggered a bullish signal on Wedn...
6 months agoBig week for minor currency pair BoC + ECB rate decisions in focus EURCAD trapped within 300 pip range Prices gaining bullish momentum on D1 Bloomberg model: 76% chance EURCAD – (1.45454 – 1.48439) Key central bank decisions, speeches from policymake...
6 months agoBitcoin still climbing this CPI week; up over 2%/$1,600 since Sunday US400 and RUS2000 stock indices showed larger-CPI reactions, as predicted FXTM Trading Signals: EURGBP reaches all 4 Targets The monthly US CPI release has come and gone....
6 months agoEUR Under PressureEURUSD is heading lower ahead of the April ECB meeting this afternoon. The bank is widely expected to give a strong signal that rate cuts are coming, starting in June. Pricing for a cut in June is currently sitting above 80% so if the ba...
6 months agoPound boosted by sticky CPI data EURGBP drops over 20 pips Eurozone CPI match initial estimates Watch out for BoE Bailey's speech Key levels at 21 and 50-day SMA EURGBP was injected with fresh volatility on Wednesday after UK inflation fell less than expe...
5 months agoEuro recovers after dip The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains under pressure from the strong US dollar. Last week, EUR/USD fell 1....
5 months agoWhile April may be nearing its end, its financial and economic events are far from over. This week, key events are set to take place, reflecting the state of the global economy and the financial markets. From the US to the Eurozone, here are this week’s m...
5 months agoThe Federal Reserve (Fed) expectations soften as Jerome Powell says the ‘disinflationary process is now underway’, while the European Central Bank (ECB) expectations remain hawkish although Christine Lagarde revised the eurozone’s inflation outlook to ‘ba...
5 months agoDAX Turning HigherThe DAX is attempting to push higher today, bolstered by some positive news in the earnings backdrop and dovish comments yesterday from ECB president Lagarde. On the earnings front, we saw Swiss pharma company Novartis lifting its full y...
5 months agoThe euro is slightly lower on Wednesday. In the European session, EUR/USD is trading at 1.0685, down 0.16%. German shows signs of optimism Germany’s Ifo Business Climate index rose to 89.4 in April, up from a revised 87.9 in March and above the market est...
5 months agoThe euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0726, up 0.25%. German consumer confidence hits two-year high Germany’s GfK Consumer Climate index improved in April and again in the May forecast, as the German consu...
5 months agoCPI Stalls at 2.4%The eurozone flash CPI estimate, released this morning, showed that headline inflation in the single currency bloc remains unchanged at 2.4% last month. Additionally, the core reading was seen slowing to 2.7% from 2.9% prior, though slig...
5 months ago