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The euro has posted slight losses on Monday. EUR/USD is trading at 1.0835 in the European session, down 0.11% on the day. Eurozone Manufacturing Close to Stabilizing The eurozone manufacturing sector...
After months of waiting, a rate cut from the ECB on Thursday looks like a done deal. Data from Reuters shows markets pricing in a 96% chance of a 25-basis point cut from the European Central Bank...
Expectations for a Fed rate cut have strengthened somewhat. ECB is almost certain to cut interest rates this week and eyes will be on Lagarde. Meanwhile, the Japanese Finance Ministry report...
• EURUSD rebounds off 1.0800 and 200-day SMA• Trades within narrow range• MACD and RSI lack directionEURUSD is currently moving sideways within a two-week consolidation area with upper boundary the...
Gold Falls by 1% as US Dollar StrengthensGold (XAU) dropped by 1% on Wednesday as the US Dollar Index (DXY) and Treasury yields strengthened ahead of the US inflation report. The DXY strengthened...
The EUR/USD lost its earlier gains on Tuesday, before dropping slightly in the first half of Wednesday’s session following the release of a weaker-than-expect German CPI report. Meanwhile, the...
The EUR/USD pair is experiencing a short correction upwards but remains within a broader downtrend. Meanwhile, the policy divergence could occur between the Fed and the ECB depending on the Eurozone...
The improvement in Germany's business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May...
The US dollar rally halted last week after Fed Minutes came out. This week, the greenback is eyeing key inflation and GDP data. It could break out toward 106 if the data is favorable. Invest like the...
We start with this from the “Pat on the Back Dept.” Per the prior missive penned a week ago (“Another Gold All-Time High is Nigh”), ’twas therein stated that Gold (then...
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