EUR/USD breaks above 1.0600 on USD sell-off after weak ISM
US Dollar under pressure across the board amid risk appetite and falling yields. US: A weak ISM Service sector report follows larger than expected increase in NFP. EUR/USD having best day in a month, still down for the week. The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across […]
EUR/USD: NFP and recommendations as of 01/06/2023 – Analytics & Forecasts – 6 January 2023
At the time of publication of the article, EUR/USD is testing for a breakdown an important short-term support level 1.0504. Despite the fact that the index of business sentiment in the European economy, which determines the trend of the Eurozone economy as a whole, and core inflation in the Eurozone rose in December (by +0.6% […]
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
VIX, VVIX, S&P 500, Dollar, EURUSD and NFPs Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900; EURUSD Short Below 1.0600 Expected volatility has slipped to extremely low levels according to the VIX and VVIX, which makes benchmarks like the S&P 500 a ‘sitting duck’ Rate speculation around the Fed swelled this past session […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: USD strength is showing up today as DXY is testing a breakout above the 105.00 level. This morning’s ADP numbers gave a boost to the Greenback but tomorrow’s NFP report may be more impactful as intense focus will be paid to the Average Hourly Earnings (AHE) component for signs of wage […]
EURUSD Breakout Falters as Market Doubts Fed Commitment
EURUSD, S&P 500, Fed Rates and Liquidity Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900 The FOMC minutes reiterated the message of a critical inflation fight, more rate hikes ahead and no cuts forecasted for 2023; but the markets refuse to believe EURUSD’s breakdown reversed before the minutes were released, but they didn’t […]
Surfing The Waves With Gregor Horvat: USDJPY, EURUSD, AUDUSD, NZDUSD, DAX & More!
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