EUR/USD Analysis: US Dollar Strengthens at the Start of the Week

New Zealand’s inflation data for the fourth quarter was released overnight, showing the headline CPI remained steady at 2.2%, slightly higher than the expected 2.1%. However, the non-tradable inflation index, which is closely watched, dropped more than expected to 4.5%, its lowest level since late 2021 and below the Reserve Bank of New Zealand’s (RBNZ) […]

S&P 500 reversed from support level 5000.00 Likely to rise to resistance level 5300.00 S&P 500 index recently reversed up from the support zone lying between the round support level 5000.00 (which also stopped the previous correction (2)), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from January. The upward […]

Summary United States: Strong Jobs Numbers Diminish Urgency for Rate Cuts Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Federal Reserve to lower the target range of the fed funds rate. Recent comments from FOMC members have homed in […]