Euro Edges Lower After ECB’s Financial Stability Warning

Markets In the run-up to the release of the US services ISM, (US) equity futures/markets yesterday fell prey to a tentative risk-off correction. In particular some parts of the tech sector apparently felt some vertigo after recent record race in the likes of the S&P and the Nasdaq. Safe haven flows supported Treasuries. A soft […]

GBPUSD’s bull run slows down near a familiar resistance area Some stability is likely; sellers need a close below 1.3188 to gain control GBPUSD opened the week with marginal losses after its almost uninterrupted two-week rally was rejected near the key resistance trendline at 1.3229 for the third time. While the bulls are trying to […]

The Euro stands at the front foot on Thursday, supported by weaker dollar, which got under increased pressure after the Fed signaled and end of a tightening cycle and rate cuts in 2024. Extended recovery from 1.0723 (correction low) hit two-week high ahead of today’s key event – ECB policy decision. The European Central Bank […]