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Markets Q3 corporate earnings helped risk sentiment recover from recent hiccups related to the US-Sino trade war, French politics and US (regional) banks (credit-losses linked to fraud-related corporate defaults). And although the rally fizzled compared with yesterday, the EuroStoxx 50 still manages a new step into uncharted territory, taking on the 5700 level for the […]

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17/04/2024

USDJPY Wave Analysis

USDJPY under the bullish pressure Likely to rise to resistance level 156.35 USDJPY currency pair under the bullish pressure after the earlier breakout of the major resistance level 151.80, former yearly high from 2022 and 2023. The breakout of the resistance level 151.80 accelerated the C-wave of the active ABC correction (B) from the start […]
06/06/2025

Euro Strengthens, Yen Consolidates Ahead of Nonfarm Payrolls Report

The major currency pairs, EUR/USD and USD/JPY, are showing restrained movement as markets await the release of key US employment data. Investors remain cautious, assessing the outlook for monetary policy in light of recent central bank decisions. Today, market participants will focus on the release of the monthly US Nonfarm Payrolls (NFP) report. According to […]
22/05/2025

Euro Area, US PMIs Resilience Tested Amid Trade Uncertainty

In focus today Today’s focus turns to euro area PMI data for May. Recent manufacturing data has exceeded expectations, showing minimal trade uncertainty. May’s figures might reveal if recent growth was driven by front-loading exports to the US, potentially weakening manufacturing PMI. Meanwhile, services sector growth declined, with April’s index at 50.1, a concern as […]