EUR/USD Attempts Recovery While USD/JPY Dips

Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under pressure since late June as the Fed noted progress in reducing inflation. Money markets readily accepted this signal, giving a […]

Oil prices rose for the third consecutive session on Thursday, driven by easing demand concerns from better-than-expected U.S. job data and escalating tensions in the Middle East. Brent crude increased by 0.73% to $78.90 per barrel, while U.S. West Texas Intermediate climbed 1.16% to $76.10. The market was also influenced by a significant drop in […]

In focus today Focus today is on German and Spanish inflation data for April that will give important indications of where the euro area print tomorrow is heading. China releases PMI manufacturing for April overnight from both NBS as well as Caixin. Both indices have increased to decent levels in recent months, but we believe […]