EUR/USD Lacks Vigor After Monday’s 5-Month High
The pair concluded yesterday’s volatile session in the red, despite setting five-month highs, but finds support today
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The pair concluded yesterday’s volatile session in the red, despite setting five-month highs, but finds support today
The US index slumped yesterday, due to broader risk-off mood and hawkish Fed commentary, but finds support today as sentiment improves
BTC/USD finds support today, despite the collapse of another crypto lender and hawkish remarks by Fed officials
Market sentiment is downbeat at the start of the week, mostly due to renewed China pandemic woes, sending the pair lower
The commodity comes from three straight losing weeks and drops to 2022 lows at the start of the current one, as fears over China’s Covid-19 situation intensify
Helped by recent encouraging data and potentially slower pace of hikes by the ECB and the Fed, the German Index heads towards its eighth profitable week
With the help of RBNZ’s recent record hike, the pair marches towards its sixth straight profitable week and the best streak in two years
Watch today’s US Open for commentary on the Fed’s minutes and their impact on the US Dollar and Wall Street, along with other news and developments
DOGE/USD had surged after the Twitter takeover by Elon Musk, but the rally was short-lived and it runs a negative month below the $0.1 mark
XAU/USD is on the front foot, taking advantage of the greenback’s weakness and covering the losses from the poor start to this holiday-shortened week
Yesterday’s accounts from the last US Fed policy meeting, showed that officials are looking to slow the pace of rate hikes, which weighed on the greenback and sent the pair higher
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