Daily Market Recap – EURUSD falls after ECB meeting
The European Central Bank pledged on Thursday to keep rates low for an extended period and to support the Eurozone economy until inflation stabilizes at 2% on a sustainable basis.
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Daily Market Recap – EURUSD What to expect from the ECB tomorrow?
EURUSD is expected to remain stable ahead of tomorrow's ECB July meeting with the increasing risk that the ECB will adopt an accommodative tone. This should limit the euro dollar's rise ahead of the meeting.
Daily Market Recap – BTCUSD $30,000 is at risk
Seven in 10 institutional investors plan to invest in or buy cryptocurrencies in the future, although price volatility is a drag on new entrants, according to a study by Fidelity.
Daily Market Recap – USOIL OPEC+ agreement and Delta variant cause prices to plunge
Oil prices fell after OPEC and its allies agreed to end oil production cuts but also because the spread of the pandemic poses a risk to the strength of demand.
Daily Market Recap – EURUSD Weekly Outlook
The EURUSD is at a crossroads moving between a medium-term bullish oblique and the bearish oblique of a short-term wedge.
Daily Market Recap – NZDUSD RBNZ ends QE
The New Zealand dollar is up sharply this morning against other major currencies after bouncing off major support following the RBNZ's decision to end its "LSAP" QE.
Daily Market Recap – EURUSD Dollar rises after inflation
U.S. consumers faced a third straight monthly increase in prices in June, the latest evidence that the rapidly reopening economy is fuelling pent-up spending on goods and services that, in many cases, remain scarce.
Daily Market Recap – EURUSD Euro tries to rebound from major support
The EURUSD has been trying to rebound since Friday after returning to test a major support oblique last Thursday following the economic fears posed by the spread of the Delta variant.
Daily Market Recap – USDCNH Yuan under pressure as PBOC eases monetary policy
Pressure is building on the Chinese yuan, which is back to a nearly three-month low against the greenback following disappointing Chinese inflation data and monetary policy easing by the People's Bank of China (PBOC).
Daily Market Recap – EURUSD Euro rebounds slightly after ECB meeting
In a major policy review presented Thursday, the European Central Bank decided to revise its inflation target and allow consumer prices to rise above the limits when deemed necessary.
Daily Market Recap – USOIL Confusion after the aborted Opec meeting
WTI crude oil prices fell sharply Tuesday on doubts about OPEC+'s cohesion after the cartel's meeting ended in confusion Monday.
Daily Market Recap – GOLD Yellow metal rises above $1,800
Growth in service sector activity slowed more than expected in June. After reaching a record 64 points in May, the ISM services index came in at 60.1 last month, compared with a consensus of 63.5.
Daily Market Recap – USOIL Prices await an Opec agreement
Last Friday, OPEC+ failed to reach an agreement on reducing its oil production restrictions.
Daily Market Recap – EURUSD Euro remains under pressure after NFP report
The U.S. economy created more jobs than expected in June but the job market is far from having fully recovered from the pandemic, the Labour Department announced Friday, reporting a slightly higher unemployment rate.
Daily Market Recap – USDJPY The dollar hits a yearly high against the yen
The dollar continues to rebound against the Japanese yen, with USDJPY hitting a one-year high of 111 this morning in the face of diverging monetary policies and health conditions.
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Daily Market Recap – DXY Towards a continuation of the bullish reversal?
The dollar has been trying to recover since the beginning of the week in the face of market participants' fears about the "Delta" variant of COVID-19.
Daily Market Recap – BTCUSD Bitcoin rebounds despite Binance ban
Bitcoin rose over the weekend by as much as 8 percent to USD 35,280 before stabilizing today.
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