There’s no relief for the euro – the currency is down for the 5th straight trading day against the dollar and the EURUSD has just broken 1.08, the level unseen since April 2017. The data flow remains unfavorable for the pair – European car sales data for January was weak while the NY Fed index rose to the highest level since May’19. EURUSD remain in a downward channel and the next horizontal support can be found at 1.05.
Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...
17:15USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,”...
16:15Wall Street is going back to cautious as strong labour market data and status-quo-reaffirming remarks from Fed’s Chair Jerome Powell push back the...
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