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In focus today Today, focus turns to French politics as lawmakers reach the final stage of negotiating a budget agreement. Sources indicate that Bayrou intends to reduce the public deficit to 5.4% of GDP from last year’s 6.2%. The budget draft will be debated in the National Assembly today, and Bayrou is likely to pass […]

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09/04/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9750 Likely to rise to resistance level 0.9845 and 1 EURCHF rising after the recent upward reversal from the support level 0.9750 intersecting with the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support level 0.9750 continues the C-wave of the […]
01/07/2024

EUR/USD Outlook: Post-French Election Rally So Far Capped by Thickening Daily Cloud

EURUSD opened with gap-higher and rose to three-week high in early European trading on Monday, lifted by results of the first round French parliamentary election. Rally was capped by the base of thickening daily cloud, following last week’s cloud twist, with subsequent easing, pointing to strength of 1.0778/1.0800 resistance zone (daily cloud, spanned between 1.0777 […]
28/02/2024

Sunset Market Commentary

Markets Japanese inflation numbers for January this morning kicked off a moderately interesting eco calendar for today. A higher-than-expected outcome combined with base effects ready to push up the February reading rekindled expectations for the BoJ to ditch its negative policy rate and/or YCC programme as soon as March but more likely April. Japan’s 2-y […]