Euro and Sterling Weaken as the Dollar Strengthens Ahead of Key US Data
The US dollar continues to hold firm against its major counterparts, supported by strong US macroeconomic data and expectations surrounding the release of further labour market indicators. Additional support for…
Texas ranchers on edge after screwworm parasite detected in calf
Texas ranchers on edge after screwworm parasite detected in calf Source link
New Zealand Dollar plunges to two-month lows after upbeat US NFP report
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to…
Sunset Market Commentary – ActionForex
Markets Chipmaker Broadcom’s after-market earnings results sapped sentiment to some extent. A weaker-than-expected sales outlook in particular caused some renewed AI valuation concerns. The sector has had a mindboggling rally…
Philippine Peso: BSP tightening path supports PHP – UOB
UOB economists Julia Goh and Loke Siew Ting note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted to…
EUR/USD: All Eyes on Non-Farm Payrolls
EUR/USD was trading at 1.1613 on Friday. As the week draws to a close, the US dollar remains on track to post gains, supported by ongoing uncertainty in the Middle…
ECB Preview: And So, The Hiking Begins
We expect the ECB to hike the deposit rate by 25bp to 2.25% on Thursday 11 June in line with consensus and markets. We expect Lagarde to keep full optionality…
EURUSD continues the tumble lower
The EURUSD continues to slide lower after breaking below a key support zone between 1.15768 and 1.15872. That floor had held firm since May 20, with the pair finding support…
Silver Price Forecast: XAG crashes towards 200-day SMA, eyes on $61.00
Silver price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79, as the white metal registers losses of nearly 8%, poised to end the week down by almost…
AI Rally Stalls on Broadcom Miss, While ‘Sell Indonesia’ Sweeps Markets
Key takeaways The AI-driven equity rally is showing signs of fatigue after Broadcom’s disappointing guidance triggered a sharp selloff in semiconductor and cybersecurity stocks, prompting investors to rotate into more…
