Oil Prices Tumble on OPEC+ Supply – HICP Prints to Give Clues on Euro Area Figure

EURUSD broke support level 1.0730 Likely to fall to support level 1.0570 EURUSD currency pair fall after the earlier breakout of the key support level 1.0730 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the ABC correction (2) from October. The breakout of the support level 1.0730 accelerated […]

USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point cut by the Federal Reserve at its upcoming September meeting. The focus now shifts […]

Markets Fed Chair Powell yesterday rubberstamped a delay of the inaugural Fed rate cut as inflation doesn’t provide the confidence needed to ease policy anytime soon. Yields yesterday still gained a few bps, but today markets came to a short term evaluation point. US yields change between -5 bps (5 & 10-y) and -3 bps […]