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In focus today In the US, the May Jobs Report is set to conclude an eventful week. We forecast nonfarm payrolls to increase by 130k, average hourly earnings rising at 0.3% m/m SA, and the unemployment rate to remain steady at 4.2%, aligning well with consensus. In the euro area, focus turns to the third […]

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Euro Strengthens, Yen Consolidates Ahead of Nonfarm Payrolls Report

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24/04/2024

Sunset Market Commentary

Markets Core bonds lost ground with German Bunds underperforming US Treasuries today. It would be unfair to link the former exclusively to the better-than-expected German Ifo indicator but it did support yields moving higher. The headline series improved from 87.9 to 89.4 with an increase in current conditions (88.9) but especially in the expectations component […]
29/07/2024

EUR/USD Targets New Gains: Is a Fresh Increase on the Horizon?

Key Highlights EUR/USD found support near the 1.0825 zone. It cleared a connecting bearish trend line with resistance at 1.0860 on the 4-hour chart. Crude oil prices could continue to move down toward $75.00. Bitcoin is rising and might soon test the $70,000 resistance. EUR/USD Technical Analysis The Euro started a downside correction from the […]
16/01/2025

USD/JPY: Yen Strength Elements Emerged Ahead of BoJ Meeting Next Week

Hawkish speeches from BoJ officials coupled with a softer US core CPI print for December put an interim ceiling on US dollar strength against the yen. The leading 10-year yield spread of the US Treasury note against the JGB has staged a bearish breakdown condition. Medium-term uptrend of USD/JPY from 16 September 2024 low is […]