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Although EURUSD had already fallen below the key historical level of 1.05 on Thursday, the weak PMI figures led to a further capitulation of buyers and a subsequent 1.5% fall in the single...
Friday's release of softer-than-expected eurozone PMIs have proved the catalyst for EUR/USD to break to the downside of its two-year trading range. Even though a near 7% drop in just two months is an...
A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs...
Gold Grows for the Fifth Consecutive Day Gold (XAU/USD) grew by 0.73% on Thursday as investors turned to safe-haven assets amid increasing geopolitical risks. Earlier this week, Ukraine launched its...
FX markets continue to consolidate after recent volatility, but no one wants to unwind their long dollar positions. Equally, the threat of escalation in Ukraine plus more soft European PMI numbers...
Treasury moves, not Nvidia or geopolitical headlines, drive EUR/USD and GBP/USD price action Both pairs whipsawed as yields rose, with technical signals offering mixed clues. Momentum favours buying...
Dollar fails to benefit from the risk-off reaction Stocks slightly in the green, as markets await Nvidia earnings Pound gains after CPI report; bitcoin reaches $94,000 It Almost Feels Like the Cold...
The escalation in the Russia-Ukraine conflict had only a short-lived impact on FX, and safe-haven demand has rapidly faded. The balance of risks is shifting more to the upside for the US dollar, also...
Investors Reallocate Their Capital to Gold Gold (XAU/USD) extended its rally yesterday, rising 0.78% and nearing the $2,650 resistance level. A breakout above $2,650 could signal the end of a...
Hot Canadian inflation report sees USD/CAD sink to known support level EUR/USD whipsawed by geopolitical headlines; near-term bullish bias retained Overview Canada’s inflation report was a little...
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