EUR/USD Contained After its 2-Day Rally & Ahead of Critical Tech Levels
The pair kicked-off the current week with a strong showing, same way it finished the previous one, but losses steam today, ahead of Thursday’s US inflation update
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.
Page 79 of 136
The pair kicked-off the current week with a strong showing, same way it finished the previous one, but losses steam today, ahead of Thursday’s US inflation update
The commodity opened the new week on the back foot amidst trade worries and China’s commitment to the zero-Covid policy
During the week of October 31-November 4 European automakers and Chinese EV startups were in the spotlight, along with ride-hailing firm Uber and other corporations from various sectors
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets
The precious metal has started November in a good mood, trying to stop its seven-months losing streak, but awaits today’s Fed decision for the next leg of the move
The Australian central bank opted again for a miniscule rate hike, despite recent inflation surge and higher 2022 projection
The social media giant registered a slide in both its top and bottom lines during the third quarter, while the segment responsible for delivering the Metaverse posted another loss
The pair extends this week’s gains and probes parity, as markets gear up for Thursday’s rate decision by the European Central Bank and US GDP and PCE Inflation updates
Australian CPI Inflation climbed to the highest levels since 1990 in the third quarter of the year (y/y), helping AUD/USD extend Tuesday’s advance
The tech-heavy index remains upbeat after last week’s surge, as investors prepare for earnings releases, frpm tech mega-caps, such as Alphabet, Microsoft, Meta Platforms, Amazon and Apple
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.