30/06/2023 Evening Reports 30/06/2023 Evening Reports 30/06/2023 Evening Reports We’re Closing the Month of June with US and Euro Zone Data… The May PCE price index, a key inflation indicator in the USA, was announced at 15:30 CET. Following the data release, the US Dollar index and US 10-year bond yield slightly declined, while Ounce […]
Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.0940 – 1.1010 – 1.1100 EUR/USD The Euro now rapidly gives away the earlier optimism and forces EUR/USD to accelerate the breakdown of the 1.0900 hurdle and print new lows for the current week in the 1.0860 zone on Thursday. Indeed, the pair makes another U-turn, […]
The US Economy Has Grown Above Expectations ! FED Chairman Powell spoke about monetary policy at the ECB Forum today at 09:30 CEST. He indicated that the FED plans to raise interest rates twice more this year, highlighting the robustness of inflation and the job market. The FED places importance on the strength of the […]
Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD EUR/USD snaps two days of straight gains drop on hawkish remarks by the US Fed Chair Jerome Powell, who shared a panel with the ECB President Christine Lagarde. Even though both policymakers struck hawkish remarks, the greenback finished with the […]
FED, ECB and BOE Will Continue Tightening, BOJ Divides… *We followed the panel discussion at the European Central Bank conference held in Sintra, Portugal, with the participation of the heads of four major central banks. ECB President Lagarde, Fed Chairman Powell, BOE Governor Bailey, and BOJ Governor Ueda made statements regarding monetary policy. ECB, Fed, […]
Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD The Euro has continued its positive momentum from Monday, resulting in EUR/USD reaching the 1.0975/80 band, or 3-day highs, on Tuesday. On the other hand, the US Dollar is experiencing a downward correction, relegating the USD Index to trade in […]
Lagarde’s Statements and US Data Make an Impact on the Market… *We followed the Durable Goods Orders data in the US at 15:30. While the headline figure was reported at 1.7%, the core data came in at 0.6%. Despite this data coming in above expectations, it did not recover the Dollar Index, and the currency […]
Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD After two consecutive daily retracements, including the drop to weekly lows near 1.0840, the Euro (EUR) regains poise and manages to leave behind the key 1.0900 barrier vs. the US Dollar, lifting a the same time EUR/USD to daily peaks […]
It has been a day that we have been following the impact of the uprising in Russia… *In Russia, over the weekend, there was an attempted coup by the Wagner forces. Currently, there seems to be a somewhat inconclusive ceasefire in place. While there have been reports of an agreement between the Wagner forces and […]
Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD The Euro (EUR) and other assets with risk associations remain on the defensive, although EUR/USD manages to regain some balance and seems to have set sail to the 1.0900 region near the close in Wall Street on Friday. The Euro’s […]