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Markets Some of the most remarkable moves ahead of the ECB policy decision were seen in JPY and UK gilts. The former outperformed global peers on increased Bank of Japan policy normalization bets. Events supporting the case succeeded each other quickly. Bloomberg yesterday reported that some government officials have moved to endorse a BoJ rate […]

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Euro in Holding Pattern Ahead of ECB Decision

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The Slow Lane in the Tunnel

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07/12/2023

Silver Wave Analysis

Silver reversed from resistance level 25.80 Likely to fall to support level 23.50 Silver falling strongly after the price reversed down from the key resistance level 25.80, which reversed the price multiple times in April and May. The downward reversal from the resistance level 25.80 started the active minor corrective wave iv. Given the strength […]
03/07/2024

ISM Shows Services Sector Shrinks in June

The ISM Services index tumbled to 48.8 in June from 53.8 in May, well short of the 52.7 consensus expectation. Only eight of 18 industries reported growth for the month – down from 13 in May. The business activity sub-index and new orders signaled shrinking activity, falling 11.6 and 6.8 percentage points, respectively, to 49.6 […]
03/06/2024

Instrument of the Week (June 3—7): EURCAD Outlook

The EURCAD pair represents the exchange rate between the Euro and the Canadian Dollar and is a vital measure of the relative economic health of the Eurozone and Canada. The Euro value is influenced mainly by economic activities and monetary policies within the Eurozone, including fiscal stability and economic growth rates of member countries such […]