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Thursday, June 6, 2024

European Markets Wrap-Up: USD/CHF continues to get stuck in at key technical levels on the week

USD/CHF continues to get stuck in at key technical levels on the week

The technical look for the pair is no different from where we were here yesterday. The drop earlier in the week brings into focus key technical support near the 200-day moving average (blue line). And... 

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S&P 500 Technical Analysis – The risk-on sentiment returns

Fundamental Overview The S&P 500 yesterday rallied hard following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient... 

EURUSD Technical Analysis – A look at the chart ahead of the ECB decision

Fundamental Overview The USD yesterday came under renewed pressure following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a re... 

What is priced in for the ECB going into the decision today?

It's a universal acceptance that the ECB will cut interest rates by 25 bps later today. They've telegraphed that quite clearly to markets over the last few weeks. So, don't expect any surprises on tha... 

Eurozone April retail sales -0.5% vs -0.3% m/m expected

Prior +0.8%; revised to +0.7% The details:... 

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FX option expiries for 6 June 10am New York cut

There are a few to take note of on the day, as highlighted in bold . Once again, they are for EUR/USD and this time layered at 1.0850-60 on the bottom end and at the 1.0900 level at the top end. The e... 

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