EUR/USD Poised for More Gains as Bulls Regroup

Markets EMU PMI’s confirmed the economy is gradually leaving contraction/stagnation territory that reigned in in the second half of last year and during the first months of 2024. The composite output index rose from 50.3 in March to 51.4 in April, the second consecutive reading >50 after 9 months in contraction territory and the best […]

Geopolitical tensions continue to support gold prices despite talks between the US and Russia, and a potential phase two deal between Israel and Hamas. Gold has held above the $2900/oz level to start the week, but the RSI indicates it is in overbought territory. The article identifies key support levels for gold at 2924, 2913, […]

All eyes will be on U.S. jobs data on Friday for signs of weakness after the U.S. Federal Reserve kicked off its easing cycle with an outsized 50 basis point cut in September. The Fed took pains to frame the cut (larger than earlier 25 basis point cuts from most other advanced economy central banks) […]