Markets Global markets developed as one could expect with US markets closed for Thanksgiving. A lack of guidance from US markets and too little ‘new news’ on this side of the Atlantic resulted in technical, order-driven trading. Minutes of the October 29-30 ECB policy meeting didn’t bring much directional insights. The ECB looks very happy…
Markets The UK budget announcement by Chancelor of the Exchequer Reeves was hoped for to bring some clarity on the future path of UK Public finances and provide markets with some insights on what to expect on the UK economic performance over the coming years. However, the political communication process was unexpectedly perturbed by an…
Markets Natural gas prices showed some of the larger daily moves today. They dropped below €30/MWh (Dutch TTF) for the first time since May 2024. Prices have been slowly grinding lower over the last couple of months on a combination of amongst others strong LNG imports and mild weather so far. But the trigger for…
Week in review The week draws to a close on a positive note after a significant selloff in risk assets as US rate cut bets continued to decline from the Federal Reserve’s December meeting. US jobs data for September was finally released but came with a caveat, the October and November data will not be…
After rebounding well through the past week, what was initially thought to be a broader trading range is actively contracting into a tight consolidation pattern. Currently stuck between 1.15 and 1.17 (+/- 150 pips), the most popular FX pair hasn’t been able to find a concrete direction since reaching its peak back in July. The…
Last week delivered what should have been a moment of relief for global markets: the US finally ended its historic government shutdown, clearing the way for normal economic data flow to resume. Yet instead of sparking a rally, the reopening brought little comfort. U.S. assets struggled across the board. Equities came under pressure as investors…
The EUR/USD pair is trading flat on Thursday, hovering around 1.1587, following the House of Representatives’ approval of a short-term budget bill that ends the longest US government shutdown in history. The bill now awaits President Donald Trump’s signature – a formality that will allow shuttered government agencies to resume operations within days. While the…
EUR/USD is climbing higher above 1.1520 and 1.1540. USD/JPY managed to reclaim 154.00 and might aim for more gains. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.1520 pivot level. There is a key bullish trend line forming with support near 1.1570 on the hourly chart of…
Key Highlights EUR/USD started a recovery wave from 1.1465. A major bearish trend line is forming with resistance at 1.1620 on the 4-hour chart. GBP/USD recovered some losses and climbed above 1.3120. USD/JPY is consolidating above the 152.50 support. EUR/USD Technical Analysis The Euro found support near 1.1465 against the US Dollar. EUR/USD formed a…
Markets Risk sentiment turned sour today, both in Europe and in the US. Signs of fatigue were showing up in recent days. Many stock indices hovered sideways near the record highs with higher openings often used as a moment to take some chips off the table. It were Palantir’s earnings released after-market yesterday that ignited…