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Markets The Chinese Politburo’s directive changed risk sentiment at the start of European trading from slightly risk-off because of developments in Syria to mildly risk-on given the firm commitment to support the ailing economy. Extraordinary countercyclical fiscal measures will be complemented by a “moderately loose” monetary policy stance (“prudent” since 2011) with a firm commitment […]

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30/11/2023

Sunset Market Commentary

Markets: At the start of trading this morning, core (US) bonds showed tentative signs of taking a breather after their recent rally. However, French data again perfectly fit the recent bond friendly market momentum. French Q3 GDP growth was downwardly revised from +0.1% to -0.1%. October consumer spending fell off a cliff (-0.9% M/M) and, […]
19/11/2024

EURUSD Wave Analysis

EURUSD reversed from long-term support level 1.0500 Likely to rise to resistance level 1.0620 EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from the start of 2023, as can be seen below), standing close to the lower daily Bollinger Band. The support level […]
06/06/2024

EUR/USD: Bulls Hold Grip Ahead of Key Event – ECB Policy Decision

The Euro edged higher on Thursday morning and partially reversed a two-day pullback from new multi-week high (1.0915), but today’s action was so far choppy and lacking direction, as traders await the verdict from the ECB later today. The European Central Bank policymakers meet today and widely expected to deliver the first rate cut by […]