It was a busy trading week filled with a bunch of major central bank decisions and top-tier inflation data that influenced policy expectations. Read on to find out which headlines pushed major currencies around.
EUR/USD edged lower to 1.0176 last week but recovered after breaching 1.0199 fibonacci level briefly. Initial bias stays neutral this week first and more consolidations could be seen. But outlook will remain bearish as long as 1.0439 resistance holds. On the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% projection…
If you’ve been keeping an eye on the markets this year, you know it’s been a roller coaster, and it’s not just from central bank policy shifts or assets hitting record levels. I’m talking about times when U.S. President Trump announces huge tariffs and markets tumble, only for him to walk it back days later…
The US stocks closed mostly higher on Monday as trade talks between the US and China began in London, reviving hopes for a tariff truce. At the end of the trading day, the Dow Jones Index (US30) fell by 0.03%. The S&P 500 Index (US500) rose by 0.09%. The Nasdaq technology Index (US100) closed higher…
Eurozone inflation rose 2.2% YoY in September, core HICP steady at 2.3%, both aligned with economists’ forecasts. EZ manufacturing PMI improved to 49.5, signaling stabilization, while UK factory PMI held unchanged at 46.2. UK GDP stagnated in Q2, with households under inflation pressure and tax hike risks weighing on Sterling outlook. The EUR/GBP drops during…
As it stands, the “stock market” is a very concentrated … The post “Debt Squeeze” Leads to 530% Stock Move – How We Identified it appeared first on Market Traders Daily. Source link
Keir Starmer is alleged to have broken parliamentary rules by failing to declare donations of clothing for his wife from the Labour donor Waheed Alli. The gifts to Victoria Starmer were not initially declared in the register of MPs’ interests, the Sunday Times reported. Starmer approached the parliamentary authorities on Tuesday to make a late…