The EUR/USD pair has slipped to around 1.0820 after Friday’s European session, marking a third straight day of declines and a weekly drop of over 1%. Momentum is turning sour, with the RSI plunging near neutral and the MACD flashing a fresh bearish signal, suggesting the earlier bullish wave is …
Read More »EUR/USD Climbs Amid US Economic Uncertainty and Shifting Eurozone Outlook
The EUR/USD pair has exhibited notable strength, climbing to near 1.0850 as the US Dollar faces mounting pressure amid growing concerns over the US economic outlook. This surge comes as investors grapple with the potential impact of US President Donald Trump’s “America First” policies, which are increasingly perceived as a …
Read More »Euro Zone Consumers Lower Inflation Expectations but Remain Cautious on Economic Outlook
Euro zone consumers adjusted their near-term inflation expectations downward in January but continued to anticipate economic contraction, reflecting a cautious outlook on the region’s growth prospects, according to the European Central Bank’s (ECB) Consumer Expectations Survey released on Friday. Median inflation expectations for the next 12 months declined to 2.6% …
Read More »Weekly Market Recap: A Whirlwind of Data, Geopolitics
A complex interplay of economic data, geopolitical developments, and central bank pronouncements prevailed, resulting in shifts across various asset classes. From fluctuating Treasury yields and evolving sector leadership to the resurgence of European equities, the steady ascend of gold prices, and fresh sanctions impacting commodities, investors navigated a landscape rife …
Read More »European Government Bonds Decline Amid Security Spending Speculation
Bond Market Update: German 30-year bond yields: +8 basis points to 2.76% France and UK bond yields: Also increasing, following a similar trend to Germany. This decline in longer-dated European government bonds comes amid speculation about increased security spending in Europe, potentially following a high-level meeting in Paris between EU …
Read More »US Stock Futures Fall as Alphabet Earnings Disappoint and Trade Tensions Rise
US stock index futures declined on Wednesday, dragged down by weak earnings from Alphabet and renewed US-China trade tensions. Stock Futures Performance (06:00 ET / 11:00 GMT) Dow Jones Futures: ↓ 80 points (-0.2%) S&P 500 Futures: ↓ 30 points (-0.5%) Nasdaq 100 Futures: ↓ 195 points (-0.9%) On Tuesday, …
Read More »US Stocks Rally as Tariff Jitters Ease, Yields Tumble
US equities experienced a significant rally today, with major indices reaching multi-week highs. This bullish sentiment stems from a combination of factors, primarily the temporary easing of trade tensions and a decline in Treasury yields.Easing Tariff Concerns:The market experienced a wave of relief following the President’s decision not to immediately …
Read More »Dollar Strengthens to Two-Year High as Yen and Global Currencies Struggle
The U.S. dollar ended the week on a high note, hitting a two-year peak as hawkish signals from the Federal Reserve continued to bolster its appeal. In contrast, global currencies faced significant pressure, with the yen, sterling, and commodity-linked currencies like the Australian and New Zealand dollars recording steep losses. …
Read More »U.S. Dollar Holds Firm Ahead of Fed’s Policy Decision Amid Global Currency Shifts
The U.S. dollar maintained its strength on Wednesday as investors braced for the Federal Reserve’s highly anticipated policy decision. The central bank is expected to implement a “hawkish cut,” reducing interest rates by 25 basis points while signaling a more restrained approach to easing in 2025. Markets are keen to …
Read More »US Dollar Strengthens on Upbeat Services PMI
The US Dollar (USD) gained strength on Monday, as positive economic data bolstered investor sentiment. The preliminary S&P Global Services Purchasing Managers’ Index (PMI) for December came in at 58.5, significantly surpassing expectations of 55.7 and the previous reading of 56.1. This robust figure indicates a strong expansion in the …
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