Euro Gains Momentum Despite ECB Rate Cut Speculations

Dollar emerged as the unequivocal winner in the currency markets last week. Both Dollar Index and 10-year US Treasury Yield surged through their respect technically significant 55 W EMA resistance. It remains to be seen whether traders are positioning ahead of the US presidential election results, which are less than two weeks away. However, the […]

Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her power to beat Trump, she got the support from Bill and Hillary Clinton while Trump said that Harris will be […]

Yen weakens mildly in Asian session today, contrasting with Nikkei’s continued up trend towards historical high made in 1990. This development comes amidst diminishing impacts of Japanese officials’ verbal interventions aimed at stemming Yen’s decline. Without tangible policy measures to back these statements, the currency’s depreciation has persisted. Meanwhile, Finance Minister Shunichi Suzuki’s tone has […]