Euro rises as report says the ECB very likely to hike in June
The euro is rising after ECB sources cited by Reuters said:June hike “very likely” and policymakers were ...
Market surge led by healthcare and communication services, technology faces turbulence
Sector OverviewToday’s stock market heatmap reveals a dynamic and contrasting performance across various sector ...
AUDUSD continues it’s range trading. Traders using the 100/200 hour MA as a bias barometer
The AUDUSD—like the EURUSD, GBPUSD, and USDCAD—is trading right at a key technical crossroads, with the 100- and 200- ...
Trump considers plan to deepen the blockade on Iran with allies – report
The White House is preparing markets for a prolonged squeeze on Iran. Under the plan being weighed, the US would main ...
USDCAD returns back to MA levels and awaits the next shove
In yesterday’s post, I flagged the 1.3709–1.3715 area as a key upside target (see: USDCAD moves to new session highs. ...
Japan intervened in the FX market — report
So there was a question about whether the move in the yen was due to the strong verbal intervention today, a rate che ...
ECB’s Lagarde: Most measures of longer term inflation stand around 2%
Wage tracker indicates easing labor costsSurveys indicate a rise in other costsIndicators of underlying inflation hav ...
Canada February GDP +0.2% vs +0.2% expected
Prior was +0.1%Canada’s economy expanded 0.2% in February, matching expectations and extending the goods-side r ...
US initial jobless claims 189K vs 215K estimate
Prior week 214K revised to 215KIniital jobless claims 189K vs 215K estimate4 week moving average 207.5K vs 211.00 las ...
US Q1 advance GDP +2.0% vs +2.3% expected
Final Q4 GDP was +0.5%Consumer spending (PCE):%GDP final sales (excluding inventories) +% vs +0.3% priorGDP price ind ...
US March PCE inflation +3.5% y/y vs +3.5% expected
Prior was 2.8%PCE m/m +0.7% vs +0.7% expectedPrior +0.4%Core PCE (excluding food & energy):Core y/y +3.2% vs +3.2 ...
The USDJPY falls sharply on the intervention threats.What next for the USDJPY technically?
The JPY is the currency of the day after Japanese officials, including the finance minister, signaled they are closel ...