EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals

EUR/USD started a fresh decline below the 1.0695 support. USD/CHF is rising and might aim a move toward the 0.9250 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0750 resistance and declined against the US Dollar. There was a break below a key bullish trend line with support […]

Markets EMU PMI’s confirmed the economy is gradually leaving contraction/stagnation territory that reigned in in the second half of last year and during the first months of 2024. The composite output index rose from 50.3 in March to 51.4 in April, the second consecutive reading >50 after 9 months in contraction territory and the best […]

Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k), transportation & warehousing (21.8k) and retail trade (20.1k). Meanwhile, information […]