Category: Analysis

The EUR/USD pair remained steady near 1.1196 on Friday, closing the week with little movement. Key drivers influencing EUR/USD Earlier in the week, the US dollar strengthened as the US-China trade dispute showed signs of easing. However, this optimism was short-lived due to disappointing economic data. The greenback initially rose by around 1% after Washington…

Market sentiment remained tilted toward the upside across the US and European markets yesterday. In Europe, UK growth and eurozone industrial production surprised to the upside, boosting bulls who see the European economies benefiting from lower energy prices and relatively higher currencies to deal with their inflation battle. Combined with government spending prospects, growth in…

In focus today In the US, we await the preliminary May consumer sentiment survey from University of Michigan, which will provide markets with the latest sense of how consumers are feeling after the tariffs took effect. Earlier surveys have shown a sharp deterioration in future expectations and rapid upticks in inflation expectations. In the euro…

Markets The new leg in the ‘reflation rebound’ as triggered by a promising outcome in US-Sino trade talks last weekend ran into resistance. US yields yesterday were closing in on some kind of a technical wall (2-yr 4.05/10% area, 10-y 4.55/60% area, 30-y key 5.0% barrier). Money markets had scaled back expectations on the EoY…

The US–China 90-day deal shows that actual outcomes are typically less bad than the ambit claims the Trump administration first announces. Once again, the US administration has shown that its initial announcements are usually ambit claims. These claims are rolled back to something less self-destructive, so long as the other party is willing to offer…

Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears the 1.1280 resistance. Gold prices dipped further and traded below $3,200. EUR/USD Technical Analysis The US Dollar failed to continue…

The analysis in this article is a follow up from Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? Gold prices have surged around 3% from the Asian session lows around the $3125/oz handle. Gold had surged toward the $3180/oz handle ahead of the US open thanks in large part to a weaker US Dollar.…

Gold: ⬆️ Buy Gold reversed from support zone Likely to rise to resistance level 3300.00 Gold recently reversed up from the support zone located between the pivotal support level 3155.00 (former top of the impulse wave 3 from the start of April), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse…

GBPAUD: ⬆️ Buy GBPAUD reversed from the support zone Likely to rise to resistance level 2.1000 GBPAUD currency pair recently reversed up from the support zone between the pivotal support level 2.050 (which has been reversing the price from the end of March), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the…

The New Zealand dollar is down for a second straight day. In the North American session, NZD/USD is trading at 0.5872, down 0.45% on the day. New Zealand inflation expectations projected to rise New Zealand releases inflation expectations for the first quarter on Friday. Inflation expectations can manifest into actual inflation and are considered a…