Euro Bulls: Don’t Worry About Fed Rate Cut, Worry About Massive ECB Stimulus

Most of the talk lately has been about the Federal Reserve, Treasury yields and the U.S. Dollar, but equal weight should be on the Euro especially since the European Central Bank (ECB) meets on July 25, six days before the…

The UK Leadership Race and FED Chair Powell Put the GBP and USD in Focus

Earlier in the Day: Economic data was on the lighter side once more through the Asian session this morning. Key stats included the UK’s BRC Retail sales Monitor numbers and Australia business confidence figures. For the Aussie Dollar The NAB…

German Economic Data to Put the EUR in the Spotlight

Earlier in the Day: Economic data was on the lighter side through the Asian session this morning. Japan’s factory orders and current account numbers for May provided direction early on. While the numbers drew attention, the markets also reacted further…

Jobs Report Will Lift Uncertainty Off Fed, Move it to ECB

Early Friday, the U.S. Dollar is hovering near its highest level of the week against a basket of currencies, and the Euro is pressing its low for the week. This, ahead of the U.S. Non-Farm Payrolls report that is expected…

It’s Nonfarm Payrolls. Will It Be a Green Light for the FED?

Earlier in the Day: The economic calendar was on the lighter side once more through the Asian session this morning. Japan’s May household spending figures provided direction in the early part of the day. For the Japanese Yen Household spending…

Forex Daily Recap – Cable Extended a 2-Day Halt at 78.6% Fib Level

GBP/USD Today, the Cable extended its 2-day intermediate halt at the support confluence made up of the 78.6% Fibonacci benchmark and 1.2561 support mark. All the major SMA stood well above the pair restricting pair’s entry into the upper side.…

Geopolitics Likely to Take Center Stage with Stats on the Lighter Side

Earlier in the Day: The economic calendar was particularly light through the Asian session in the earlier hours of this morning. Economic data was limited to Australia retail sales figures, which had little impact on the Aussie Dollar in the…

Forex Recap – Greenback Managed to Hold Gains Despite Adverse US Data

USD Index Today, the Greenback kept hold onto the gains attained on July 1 and kept the uptrend intact. The early gains came in the USD Index amid Fiber downfall. The EUR/USD pair was down in the Asian trading session…

It’s Risk Off Early as Focus Shifts to Service Sector PMIs Numbers

Earlier in the Day: The economic calendar was on the lighter side through the Asian session in the earlier hours of this morning. Australia building consents and trade figures and China’s June service sector PMI were in focus through the…

Forex Recap – Despite RBA Rate Cut, AUD/USD Pair Generated Positive Price Actions

AUD/USD At around 04:30 GMT, the RBA announced a 25 bps rate cut this time, bringing down the interest rates from 1.25% to 1.00%.  The market had already expected a rate cut since last night. The AUD/USD pair had dropped…

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