Risk Selloff Continues, Gold Renews Record

Markets January PMI surveys went from a moderating downturn with intensifying price pressures (EMU) over a recovery in the private sector gaining momentum coupled with higher input costs related to the Red Sea crisis (UK) to the Goldilocks combination of rapid output growth with cooling price pressure (US). The latter nevertheless came with the important […]

ECB expected to hold rates at 4% The euro is barely making a peep on Thursday, ahead of the European Central Bank’s decision later in the day. In the European session, EUR/USD is trading at 1.0894, down 0.04%. ECB expected to hold rates The ECB is expected to follow the Federal Reserve’s pause and hold […]

EUR/USD: The Battle of Europe and US PMIs Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from […]