EUR/USD prints fresh bull cycle highs, on course for 5-day rally
EUR/USD bulls take on fresh bull cycle highs but bears are lurking. US CPI weakened the outlook for the US Dollar but a cohort of Fed speakers remain hawkish. Breakout traders could be feeling the heat of a sizeable correction in the coming sessions. EUR/USD has popped to a fresh bull high following the day’s Consumer […]
Is gold primed for a rally on expectations of central banks easing cycle in 2023?
Major European currencies ceded ground to dollar on Tuesday, EURUSD broke down 1.06 and GBPUSD 1.20 level. The start of European session saw major sell-off both in EUR and GBP:Positive December price data from Germany failed to offset selling pressure in Euro, despite significant pullback in the rate of consumer price growth – from 10% […]