Forex

EUR/USD trades sideways above 1.0700 as firm ECB rate cut prospects for June offset the Fed’s less-hawkish guidance. The ECB is expected to pivot to…

The key event this week was the Fed meeting. It was less hawkish than expected, with a rate hike explicitly ruled out. The market reaction was mixed, a sharp…

Gold price edges lower amid an uptick in the US bond yields, though the downside seems cushioned. A positive risk tone is seen as another factor undermining…

Indian Rupee remains strong on Thursday amid a softer USD.  Indian HSBC Manufacturing dropped to 58.8 in April vs. 59.5 expected.   The Fed Chair Powell…

WTI prices loses momentum near seven-week lows of $79.20 on Thursday. A surprise build in US crude stocks weighs on black gold prices. WTI prices edge…

EUR/USD appreciates on improved risk appetite after dovish remarks from Fed Chair Jerome Powell. Fed Chair Powell said that it would take longer than…

The Japanese Yen rallied on Wednesday amid speculations of another intervention by authorities.  The momentum, however, runs out of steam on the back of the…

Australia’s trade surplus narrowed to 5,024M MoM in April versus 7,370M expected and 7,280M in the previous reading, according to the latest Aussie foreign…

SP500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200 Elliott Wave technical analysis. Elliott Wave analysis for indices SP 500 and Nasdaq 100 -…

AUD/USD gains ground near 0.6525 in Thursday’s early Asian session.  The Fed kept its benchmark rate in a targeted range between 5.25%-5.50%, as widely…