Expectations of a hawkish Federal Reserve, coupled with ongoing geopolitical tensions, continue to dampen investor sentiment, steering them away from riskier assets. This shift is evident in weaker equity markets and a persistent bid for safe-haven...
Currently, I observe that the pair is showing reluctance to close above the intermediate resistance levels, yet it is not displaying a strong downward momentum either. I notice that a short-term bearish trend has started to emerge, which I believe...
Market Fundamentals: The Institute for Supply Management’s (ISM) Services PMI fell to a three-month low of 52.1, down from 56.0 in the previous month and below market expectations. This weaker-than-expected reading reflects a slowdown in the...
To be honest, I don’t find anything particularly surprising in the current market movement. I can clearly see the impulse movement that occurred after the pair fell from 1.48, and I observe that the currency pair has provided bears with at least 600...
Market Fundamentals: Market participants fear that protectionist policies under President Donald Trump could significantly disrupt the Eurozone’s economic stability. While higher import tariffs by the US would impact global economies, the European...
