Markets spent the past week navigating a narrow path between relief and reality. Relief came from headline trade developments that bought more time for diplomacy. Reality showed up in the form of fresh price pressures and unresolved global tensions. The contrast defined how investors approached risk, producing a complex mix of resilience and unease. On…
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of EURUSD. In which, the rally from Sep 2022 low is unfolding as impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in EURUSD should…
Last week’s FX leaderboard was dominated by growth-linked and higher-yield currencies, with Sterling, Aussie, and Kiwi outpacing the field. At the other end, traditional safe havens found themselves out of favor, with Yen and Swiss Franc bringing up the rear. Sterling’s climb came on the back of a narrow 5–4 BoE rate cut vote and…
Today, the Bank of England (BoE) is set to cut its short-term policy interest rate by 25 basis points to 4%, its lowest level in over two years, based on consensus expectations. It will be the BoE’s second rate cut this year, as several of its Monetary Policy Committee members were cautious over a sticky…
On Thursday, the Bank of England is widely expected by analysts to cut its base rate by a quarter of a point to 4.0%. These expectations are weighing on the pound against the euro and the dollar on Wednesday, as the ECB and the Fed left their rates unchanged in July. Globally, this is a…
Markets entered last week riding a wave of optimism, but exited rattled. Wall Street could have marked the end of its summer rally, with Friday’s sharp selloff capping a week of crosswinds, from upbeat GDP numbers and trade deals to dismal job data and institutional upheaval. Dollar, too, saw its recent momentum falter, closing the…
Markets The three biggest Euro area economies released July inflation numbers today. French prices rose 0.3% m/m to be up a June-matching 0.9% on a yearly basis as energy was still heavily weighing on inflation. Italian inflation meanwhile dropped 1% on a monthly basis with the year-on-year print easing from 1.8% to 1.7%. Both countries…
The Euro had been on a strong run this year, and only a few events could stop its uptrend in the first half of 2025. Between new infrastructure deals, unification behind the Ukrainian cause, and the constant mess-ups from the Trump Administration, EUR/USD had many reasons go higher. But Markets are forward-looking, and all these…
The EUR/USD pair tumbled to 1.1579 by Tuesday, marking its sharpest intraday decline since 6 November last year. The euro’s plunge followed the announcement of a new trade agreement between the US and the European Union, which imposes a 15% tariff on most European goods – a move set to significantly benefit the American economy….
Markets And it’s a deal. The US and European Union struck a trade agreement yesterday, concluding months of back and forth negotiations. Both parties agreed an across-the-board 15% US import levy, covering all goods. That includes cars (which are currently struck by a 27.5% tariff) and according to EC president von der Leyen and senior…