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Forex
EURUSD finishes week near where it started after struggling on Friday
EUR/USD rose to 1.08800 after better-than-expected EU HICP inflation.
Pair falls back to the week’s opening bids heading into the close.
Coming up next…
Dow Jones Industrial Average rebounds after a loss-heavy week, rallies hard into Friday close
Dow Jones rebounds from lows near 38,000.00 after heavy backslide.
Market sentiment recovering as rate cut hopes rise once again.
US PCE Price Index…
Canadian Dollar recovers on Friday despite Canadian GDP miss
Broad-market risk appetite recovers on Friday as US PCE inflation eases.
Canada saw a weaker-than-expected rebound in GDP.
US PCE inflation cooled further,…
EUR/JPY Price Analysis: Cross gains ground with subtle consolidation signs
The daily RSI is pointing upwards, hovering around 70, but continuing red bars in the MACD show a trailing consolidation.
On the hourly chart, indicators…
EUR/USD advances toward 1.0900 on hot Eurozone HICP, soft US monthly core PCE Inflation
EUR/USD recovers strongly as Eurozone inflation turns out hotter-than-expected.
Eurozone annual headline and core HICP rose strongly by 2.6% and 2.9%,…
DAX 40 and FTSE 100 get support on the downturn
The US S&P 500 and Nasdaq100 have declined for the past three consecutive days, with futures pointing to a negative opening on Friday. Meanwhile, Dow Jones…
USD/CAD remains on backfoot after steady US PCE Inflation and Canada’s weak GDP
USD/CAD is under pressure after US PCE Inflation and Canadian GDP report.
Apart from soft monthly US core PCE inflation reading, other elements matched…
USD/JPY is likely to remain underpinned by lack of options in Japan
USD/JPY is likely to remain underpinned as the Bank of Japan has few options for sustainably strengthening the Yen.
Direct intervention is only a quick fix…
US Dollar retreats ahead of the weekend after PCE proves Fed wrong
The US Dollar trades lower on softer PCE and spending numbers.
Markets are seeing no reason to believe the rate hike calls from Fed officials.
The US…
USD/CHF plummets following PCE data
USD/CHF took a downturn in Friday’s session, plummeting to 0.9016, after slightly rising to 0.9070 earlier in the session.
Following US inflation figures…