CURRENCIES French elections: National Rally: Leads the polls but unlikely to secure an outright majority. Impact: A fractured French government may weigh on the Euro. Poll Predictions: National Rally (RN): 31.5% to 35%. People’s Front (left coalition): 28% to 29.5%. …
CURRENCIES EUR/USD analysis: EUR/USD stabilizes above 1.0700 despite political uncertainty. Trades below 200 SMA; lower bound at 1.0643, April low at 1.0600. Key events: US GDP data and PCE on Friday. Bond spreads: European bond yields in focus ahead of …
CURRENCIES Euro (EUR/USD) analysis: Focus shifts to Europe, particularly France, ahead of elections. Uncertainty surrounds whether the ECB will act to calm widening bond spreads given France’s debt load. EUR/USD fails to capitalize on Monday’s reprieve; downside risks remain. Analysis …
CURRENCIES USD and US Equities Post-FOMC Analysis Fed trims rate cut expectations due to higher inflation forecasts. USD regains some strength on hawkish projections. US equities rally on lower yields and USD despite inflation concerns. Fed’s Decision on Rate Cuts …
CURRENCIES Potential BoJ Bond Tapering: Speculation about BoJ cutting back bond purchases during Friday’s policy meeting. BoJ currently purchases around Yen 6 trillion a month of Japanes Government Bonds (JGBs) to keep rates low. If BoJ reduces purchases, Japanese Yen …
CURRENCIES US Dollar Decline: US Treasury yields remain in a downtrend, weakening the dollar. US 2-year yields are nearing a two-month low. The dollar index trades below key levels: 200-day SMA, 38.2% Fibonacci retracement, and recent trend support. Friday’s US …
CURRENCIES US Dollar Setups: Analyzing EUR/USD, AUD/USD, and USD/CHF. Path for a lower Dollar as economic data deteriorates. Focus on EUR/USD ahead of ECB rate cut. Dollar bulls eye lower AUD/USD amid waning risk appetite. Swiss Franc advances, overheating signals …
CURRENCIES Key Events and Predictions: ECB Rate Decision: ECB to cut interest rates by 25 basis points on Thursday. Possible timing of the next cut: Markets suggest September 12th or more likely October 17th. Importance of ECB President Christine Lagarde’s …
CURRENCIES Key Highlights: Nvidia’s stock surged by 7% overnight, boosting its market cap to over $2.8 trillion, making it the third-largest company globally. The rally places Nvidia close to Apple ($2.9 trillion) and Microsoft ($3.2 trillion). Nvidia’s AI chips are …
CURRENCIES Gold Forecast: Gold (XAU/USD) dropped sharply on Wednesday, holding above support at $2,375. Bulls need to defend this level to prevent a deeper retrenchment towards $2,360. Continued weakness could shift focus to $2,335, the 38.2% Fibonacci retracement of the …
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