The EUR/USD pair crawls towards 1.08 with little help coming from the European Central Bank (ECB) tomorrow. Economists at Scotiabank expert the world’s most popular currency pair to sustain further losses on unchanged guidance from the ECB.On the French elections front, early runoff polls show Macron defeating Le Pen. With …

The US dollar shed ground ahead of the release of US inflation figures, later recovering somewhat to close the day unevenly. The dollar is stronger against the shared currency, as EUR/USD trades around 1.0830, not far from the year low at 1.0805.Economic DataThe annual rate of US inflation, as per …

The Euro aims to test the YTD low around 1.0806 after dropping below the 1.0900 mark. The US inflation broke the 8% threshold, a level last seen in 1981, which cements a 50 bps rate hike of the Fed at its May meeting.The EUR/USD pair drops to fresh monthly lows …

US President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces.The equipment would be funded using the Presidential Drawdown Authority, or PDA, in which the president can authorize the transfer of articles and services …

Otmar Issing said the European Central Bank’s slow response to inflation posed a risk to growth, in an interview with the FT. So, one of the euro’s founding fathers, he said the ECB had “lived in a fantasy” and downplayed the risk of rising prices.Inflation has surged to record highs …

Oil prices are elevated and yet the CAD struggles in the face of a firm US dollar and fresh cycle highs. At 1.2641, the USD/CAD pair is up 0.13% on the day, little changed although in recovery mode from its weakest level in nearly four weeks. This is despite a …

Bitcoin decoupled from the Nasdaq to denote a 2.7% gain as US inflation numbers recorded a new 40-year high. US inflation hits new 40-year record at 8.5%. Bitcoin traded green above $40,500 as the index reading came above market expectations, then the most popular cryptocurrency retreated to 39,502 on the …

A market breakdown could have extensive economic consequences. The US central bank is believed to be aware of the necessity of being prepared to lend emergency support in the aftermath of the sanctions imposed on Russia, given the fact that the sanctioned country is undoubtedly one of the globe’s largest …

Gold has hit near one-month highs on Tuesday at just under $1980 and is on course for healthy on-the-day gains. The precious metal was supported as US yields pulled back in wake of evidence of easing Core CPI pressures. Gold bulls will now be eyeing a test of the $2000 …

The AUD/USD bulls back off as the US dollar firms up again. The Australian jobs will be a key event for this week, as will the Reserve Bank of New Zealand.At 0.7458, AUD/USD remains in bullish territory, higher by some 0.6% but is losing steam as the greenback recovers in …