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Markets Yesterday, optimists still hoped that the announcement of reciprocal US tariffs could bring some bad news, but at least also some clarity, providing a new reference framework. Even a worst case economic scenario could in this respect have helped find risk markets looking for a bottom. It’s a pity, but this proved to be […]

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21/01/2025

EUR/USD: Limited Recovery Suggests Larger Bears Hold Grip

EURUSD fell on Tuesday morning, erasing about a half of Monday’s 1.3% rally, sparked by decision of President Trump to keep tariffs on hold, against initial plan to impose them from the day one. A breather in the larger downtrend seems to be short lived so far, as correction was minor and capped by solid […]
26/09/2024

Elliott Wave forecast for EUR/USD: Bullish Momentum Decreasing in Fifth Wave

EUR/USD came higher during summer, possibly breaking out of a triangle on higher time frame charts, as the market breaks above 1.1140, so it seems that some big moves can be coming. In fact, there was a three wave retracement from recent high on 4h time frame; a contra-trend movement with price turning up from […]
26/06/2024

EUR: More Rate Cuts “Reasonable” – ECB

European Central Bank (ECB) policymaker Olli Rehn stated on Wednesday that market expectations of the ECB reducing interest rates twice more this year, reaching 2.25% by 2025, are “reasonable,” according to Bloomberg. The Finnish central bank chief emphasized the need to bring inflation back to 2% without significantly hindering economic activity. Following Rehn’s comments, the […]