Euro retreats as Powell signals cautious stance despite 25 bps Fed cut. US Jobless Claims dip and Philly Fed survey beats forecasts, reinforcing Dollar strength in post-FOMC trading. ECB officials strike a neutral tone, saying rates are appropriate, with balanced inflation risks but weaker growth outlook. EUR/USD retreats after reaching a yearly high above 1.1900…
European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine. Key highlights I had a good call with Trump.I had a…
“US Jobless Claims Spike: Labor Market Weakness, Fed Rate Cuts, and Market Implications” Unemployment number The old trading adage, “It’s not the news but the reaction to the news that matters,” was on full display after last week’s sharp increase in U.S. weekly jobless claims. Markets initially reacted to fears of an acceleration in labor…
The week ended with markets awaiting the key Federal Reserve meeting on September 16–17. The euro held around 1.1730, Bitcoin resumed its growth, the average Brent crude price remained at $66.50 per barrel, while gold once again renewed its all-time high. 💶 EUR/USD The euro closed the week at 1.1734. Buyers are vigorously defending the…
EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut. Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC. ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatility. EUR/USD remains steady during the North American…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press. Join our ECB Live Coverage here ECB press conference key takeaways “Growth shows resilience of domestic demand.” “GDP data reflects Q1 front-loading.” “Investment should be…
The Euro is losing ground against the US Dollar on Tuesday, snapping a two-day winning streak as the Greenback regains traction. The BLS reported that payrolls were overstated by 911,000 jobs through March 2025, confirming that the labor market has been cooling more sharply than previously reported. Investors are awaiting comments from ECB Governing Council…
The past week ended with mixed performance across markets. The euro stabilised around 1.1700 against the dollar, Bitcoin fluctuated just above 111,000, Brent crude fell toward 65 dollars per barrel, while gold climbed to 3,600, setting new all-time highs. Investors still expect that at the meeting on September 16-17 the Federal Reserve will cut rates…
The US ISM Services PMI unexpectedly improved in August. The US Dollar clings to its daily gains on Thursday. Data from the Institute for Supply Management (ISM) showed the Services PMI rose to 52.0 in August, up from 50.1 in the previous month and exceeding analysts’ forecasts of 51.0. Meanwhile, the Prices Paid Index—which tracks…
Post-Summer Trading Outlook: Uncertainty Looms Over Fed Cuts, Jobs Data, and Global Risks Federal Reserve interest rates – Post-Summer Trading Outlook The start of post-summer trading often mirrors the beginning of a new year, as traders and investors return from vacation and markets regain momentum. Historically, the first week of September tends to bring…