S&P 500 Index Stabilises Near Resistance Block

Markets After last week’s Fed decision, investors were happy to use soft/disappointing data to push money market pricing for ever more aggressive font-loading on Fed and ECB interest rate cuts. Fed members and even more ECB policy makers for now kept a balanced communication mostly favoring a gradual approach. Still markets now see a > […]

The EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the worst-case scenario, sparking a temporary surge in risk appetite and bolstering the euro. However, last evening’s economic indicators from the […]

Markets The recent comeback momentum on US stock markets stalled yesterday with main US benchmarks suffering minor losses (-0.25%) following an astonishing rally over the past two weeks. Other directional trades continued. US Treasuries outperformed German Bunds with daily changes on the US curve ranging between -8.2 bps (2-yr) and -6.2 bps (30-yr) compared with […]