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Wednesday, June 5, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 31 May -5.2% vs -5.7% prior

US MBA mortgage applications w.e. 31 May -5.2% vs -5.7% prior

Prior -5.7% Market index vs 190.3 prior Purchase index vs 138.4 prior... 

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Risk to reward fallacy

Let's talk about risk to reward ratio. This is something controversial, because setting a fixed RR (reward to risk) like 3:1 isn't fully wrong, but it isn't even right. You need to understand that the... 

Digital euro is likely but not inevitable, says ECB digital currency chief

"I think there is certainly a high likelihood. But it is not inevitable at the moment." Until one of the major players pioneer the use of a digital currency successfully, one can expect these "plans"... 

Bitcoin Technical Analysis – The risk-on sentiment boosts the cryptocurrency

Fundamental Overview The mood in the markets has been slowly improving this week after the month-end flows last week impacted the risk sentiment. The US data this week came on the softer side which se... 

Broader markets continue to wait on the ADP roulette

In FX, USD/JPY is the main mover on the day with the pair up 0.9% to 156.20 currently. Besides that, USD/CHF is up slightly by 0.3% to 0.8925 amid a test of key technical support here . But outside of... 

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Latest Forex Orders

FX option expiries for 5 June 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . The first ones are for EUR/USD, layered between 1.0855 through to 1.0900 on the day. The expiries there are likely to keep... 

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