New Vigor on Bond Market Curtailed Dollar’s Momentum

Markets It’s as if some ECB members were inspired by yesterday’s comment by Fed Chair Powell that the US central bank is not far from being confident that the time is right to start dialing back the level of policy restriction. After Fed members recently closed ranks on a first rate cut in June, he […]

CADJPY reversed from key support level 110.30 Likely to rise to resistance level 112.00 CADJPY currency pair recently reversed up from the key support level 110.30 (former strong resistance from January). The support level 110.30 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous upward impulse 1 […]

Markets: EMU Flash March CPI ‘eased’ slightly more than expected from 2.6% Y/Y to 2.4% Y/Y. Core inflation (ex-energy) dropped from 3.1% to 2.9%, the first sub 3% reading since February 2022. Food price inflation slowed further from 3.9% to 2.7%. Energy inflation was still negative (-1.8% Y/Y), but the favorable comparison base is petering […]