Share: EUR/USD posts modest gains around 1.0760 on the weaker USD. Eurozone Retail Sales were down 1.1% MoM in December, its sharpest fall in a year. Fed’s Harker said a soft landing for the US economy is in sight, citing declining inflation … [Continue reading]
Bitcoin price defends $42,000 support as US ETF market proves better alternative for Chinese investors
Bitcoin (BTC) price has failed to show any directional bias for almost two weeks now, trading horizontally. The odds still favor the upside, however, based on technical and fundamental drivers. Bitcoin, altcoins, stablecoins FAQs Bitcoin is the … [Continue reading]
Canadian Dollar grinds it out as markets chew on mixed data
Share: Canadian Dollar halts the slide but fails to recover ground. Canada’s PMI, Building Permits muddy the waters. BoC Governor Macklem due to speak in Montreal. The Canadian Dollar (CAD) managed to pump the brakes on a two-day backslide on … [Continue reading]
EUR/USD: Three reasons why the Dollar may strengthen against the Euro throughout 2024 – Crédit Agricole
Share: Economists at Crédit Agricole outline three key reasons for its bearish outlook on EUR/USD throughout 2024. Monetary policy divergence The ECB may engage in more aggressive rate cutting than the Fed in 2024, potentially positioning the euro … [Continue reading]
EUR/USD Forecast: Euro needs to clear 1.0800 to extend recovery
Share: EUR/USD recovered above 1.0750 in the early European session on Tuesday. The pair's bearish bias remains intact despite the rebound. Buyers could show interest in case Euro stabilizes above 1.0800. EUR/USD staged a technical correction and … [Continue reading]
EUR/USD inches higher to near 1.0750, Eurozone Retail Sales eyed
Share: EUR/USD faced trouble after weaker EU PPI data on Monday. The improved US ISM Services data supported the US Dollar. Fed’s Powell emphasized monitoring inflation's sustained trajectory toward the 2% core target. EUR/USD hovers near … [Continue reading]
US equities get knocked lower after Fed chair Powell knocks rate cut hopes even lower
Share: Market rate expectations remains de-coupled from Fed language. US Services PMI and service provider inflation remain elevated. Markets left to chew on rate-cut potential with little high-impact data remaining. .US equity markets saw red on … [Continue reading]
US Dollar gains additional ground on strong US Services PMI
Share: The DXY rose by more than 0.50% to 104.50 on Monday. The US service sector continues to show robustness, making markets disregard an interest rate cut in March. US Treasury yields continue to rise, boosting the Greenback. The US Dollar … [Continue reading]
EUR/USD: Losses through recent support around 1.0785/1.0795 to extend – Scotiabank
Share: EUR/USD’s break under support in the upper 1.0700s means more losses are likely, economists at Scotiabank say. Resistance is 1.0795/1.0800 Spot losses through recent support around 1.0785/1.0795 (100-Day Moving Average and 50% retracement … [Continue reading]
Eurozone HCOB Services PMI in line with forecasts (48.4) in January
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]