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Thursday, June 13, 2024

European Markets Wrap-Up: USDCAD Technical Analysis – Has the US CPI invalidated the breakout?

USDCAD Technical Analysis – Has the US CPI invalidated the breakout?

Fundamental Overview The USD yesterday was sold across the board following the soft US CPI report. The data made the market to price back in two cuts for this year. Later in the day though we got a bi... 

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EURUSD Technical Analysis – The US Dollar loses ground on the soft CPI

Fundamental Overview The USD yesterday was sold across the board following the soft US CPI report. The data made the market to price back in two cuts for this year. Later in the day though we got a bi... 

Dollar keeps steadier so far on the day, awaits more US data

The fact that EUR/USD is trading within a 15 pips range juts above 1.0800 speaks to how slow things are moving in the European session so far. The pair is near flat levels, holding just above the figu... 

AUDUSD Technical Analysis – The soft US CPI weighs on the USD

Fundamental Overview The USD yesterday was sold across the board following the soft US CPI report. The data made the market to price back in two cuts for this year. Later in the day though we got a bi... 

Eurozone April industrial production -0.1% vs +0.2% m/m expected

Prior +0.6%; revised to +0.5% The breakdown shows that the decline in intermediate goods (-0.4%) weighed on industrial output mostly. That is offset by slight gains in energy (+0.4%), capital goods (+... 

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FX option expiries for 13 June 10am New York cut

There are quite a number to take note of for the day, as highlighted in bold . The first ones are for EUR/USD and they are layered between 1.0775 to 1.0810. Given that price action is also meddling wi... 

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