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Monday, August 12, 2024

European Markets Wrap-Up | UK inflation data this week could keep markets on edge before the US numbers

UK inflation data this week could keep markets on edge before the US numbers

All the focus and attention this week is on the US CPI report on Wednesday. But just before that, we will be getting the same report from the UK as well. The thing is given base effects, it is estimat... 

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USDCAD Technical Analysis – The positive sentiment boosts the Loonie

Fundamental Overview The losses peaked for the Canadian Dollar last Monday as the volatility normalised, and we got some good US data throughout the week. That helped to turn around the risk sentiment... 

Dollar trades more mixed as risk sentiment holds up for now

The moves point to a further relaxing to the carry trade unwind as risk sentiment is keeping steadier. USD/JPY in particular is up 0.5% to 147.30 levels now but is keeping just near the topside of the... 

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Level of returns, coupled with flexibility, has been the main reasons driving the ever-growing interest in forex trading. However, one of the most critical decisions a trader must make is picking the... 

USDCHF Technical Analysis – The risk-on sentiment weighs on the CHF

Fundamental Overview The Swiss Franc lost some more ground against the USD last Thursday as the US Jobless Claims figures came out better than expected. That helped ease the fears around the US labour... 

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FX option expiries for 12 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0900 level. With price action also keeping in between its key hourly moving averages of 1.0890-22... 

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