The EUR/USD pair experienced a downturn in the previous trading session, failing to maintain its position above the key psychological resistance level of 1.0900. However, technical indicators suggest a potential rebound in the upcoming sessions. On the 4-hour chart, the simple moving averages are still providing support for the upward …
Read More »Market Drivers; US Session, June 4
The USD Index (DXY) advanced slightly after briefly testing two-month lows near 104.00. On June 5, MBA’s Mortgage Applications are due seconded by ADP Employment Change, the final S&P Global Services PMI and the ISM Services PMI.The dollar managed to reverse part of the recent weakness after bottoming out in …
Read More »European Stocks Retreat Amid ECB Caution and US Labor Market Data Anticipation
European stock markets experienced a downturn on Tuesday, driven by investor caution ahead of the European Central Bank’s (ECB) upcoming policy meeting later in the week. As of 03:20 ET (07:20 GMT), the DAX index in Germany declined by 0.6%, the CAC 40 in France fell by the same margin, …
Read More »Dow Jones Poised for Potential Rebound Amidst Positive Signals 4/6/2024
Oil, Crude, trading
Read More »CAD may witness a negative session 4/6/2024
The Canadian dollar experienced a subdued trading session yesterday, characterized by narrow fluctuations within a broader bearish trend. The currency pair reached a low of 1.3603 against the US dollar. Technical analysis suggests a continuation of this downward momentum. The Stochastic oscillator on the 240-minute timeframe is showing signs of …
Read More »USD/JPY Faces Potential Reversal After Brief Rebound 4/6/2024
japanese-yen
Read More »GBP/USD Surges Past Key Support, 4/6/2024
Oil, Crude, trading
Read More »EUR/USD Surges Past Key 4/6/2024
The EUR/USD pair has experienced a notable surge in the early trading sessions this week, breaching the key psychological resistance level of 1.0900 and reaching a high of 1.0915. Technical analysis indicates a potential shift in momentum towards the upside. On the 4-hour chart, the simple moving averages have crossed …
Read More »European Stocks Rise on ECB Rate Cut Anticipation, Focus on US Jobs Data
European stock markets rebounded on Monday, driven by investor optimism surrounding an expected interest rate cut from the European Central Bank (ECB). Simultaneously, government bond yields decreased, while attention shifted to U.S. jobs data as a key indicator of inflation trends. The pan-European STOXX index experienced a 0.6% increase by …
Read More »Eurozone Manufacturing Downturn Shows Signs of Easing
The prolonged downturn in eurozone manufacturing activity may be nearing its end, according to a recent survey revealing a slower pace of decline in new orders compared to the past two years. This positive development has led to improved business confidence within the sector. HCOB’s final euro zone manufacturing Purchasing …
Read More »