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A strong drop in core inflation in May to 2.3% and headline to 1.9% serves as a clear sign that undershooting the inflation target is still a possibility for the ECB. Expect the ECB to lower the...
EUR/USD recently hit a one-month high before pulling back to 1.1380 support. A rebound may test the trend line near 1.1320 before moving higher. Key resistance remains at the recent high around...
US Dollar’s drop below 99 reflects broken yield correlation and deepening concerns about fiscal stability. Delayed EU tariff decision boosts euro as Trump’s erratic trade stance keeps markets...
Trump delays 50% EU tariff threat to July 9 EUR/USD climbs above key resistance at 1.1380 Gold stalls after failing to clear $3367 USD stays soft despite firmer equity futures Donald Trump’s...
As concerns over US trade policy and deficit spending have grown, forex traders have consistently sold the US dollar across the board This morning’s better-than-expected Flash PMI figures out of the...
Britain and the European Union struck “Brexit Reset” pact in an attempt to remove trade bottlenecks and inject fresh momentum into both economies. Traders appear to approve the deal, with both the...
Asian Session Market Wrap US stock futures fell, and Treasury yields rose after Moody’s downgraded the US government’s top credit rating. The downgrade, from AAA to AA1, was due to a growing budget...
EUR/USD holds 1.1200 as bulls eye descending channel resistance. USD/JPY hovers above key 145.00 support with risks skewed lower. Gold bounces again from support, but $3270 needs to break to excite...
EUR/USD Rises to 1.12 Despite Cooler German Inflation German CPI eases to 2.2% US CPI cooled by more than expected to 2.3% EUR/USD tests 1.12 resistance but could EUR/USD has recovered to 1.12...
The greenback has not held on to post-trade-deal gains for long, and while a soft CPI was the trigger for the correction, we think yesterday’s moves signal a clear preference for strategic short-USD...
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