EUR/USD Drops Ahead of US Growth & Inflation Updates
Sentiment takes another nosedive today and Wednesday’s relief rally falters, as markets brace for key economic data from the US, later in the day and on Friday
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
Sentiment takes another nosedive today and Wednesday’s relief rally falters, as markets brace for key economic data from the US, later in the day and on Friday
Prices staged a rebound over the last couple of days, on the back of disruption due to hurricane Ian and lower weekly inventories, but face renewed pressure today and USOIL heads towards another losing month
The German index extends is losses to new two year lows, as central banks offer hawkish commentary, sustaining market apprehension over an economic downturn
The International Monetary Fund (IMF) issued a statement on Tuesday, criticizing the government’s recent spending plan and the Pound comes renewed pressure today
XAU/USD rebounds from Monday’s sump to the lowest level in more than two years, but draws towards the conclusion of its sixth straight losing month
The pair dropped to fresh twenty year lows on Monday in the aftermath of last week’s hawkish Fed, but reacts higher today, as the greenback shows exhaustion
Against a stagflationary environment and aggressive monetary tightening by the Fed, which are harmful to Wall Street, we take a look at some companies that will be on our radar over the coming months
Last week’s historic rate hike by the Fed and hawkish projections, caused Wall Street to plunge and US30 to hit nearly two year lows
The British Pound took a beating on Friday and extended losses against the greenback, to all-time lows earlier today, but reacts during the European hours
Japanese authorities intervened in the FX market on Thursday to support the Yen, but this may do little to contain the pair's advance, as the BoJ-Fed policy differential is chaotic
This month and especially the current week, have been intense in terms of central bank activity, with historic rate hikes to contain inflation, in spite of rising fears of recession
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