EUR/USD TALKING POINTSPossible federal gas tax reprieve.Focus shifts to Powell’s testimony tomorrow.Eurozone current account slumps to lowest level since May 2020.EURO FUNDAMENTAL BACKDROPPresident Joe Biden has announced that he may be considering a...
POUND STERLING TALKING POINTSECB rate decision skewed towards more aggressive path.Attention on rising wedge pattern.EUR/GBP FUNDAMENTAL BACKDROPEUR/GBP looks ahead to the ECB rate decision (see calendar below) for guidance. Markets have been expectant...
GOLD TALKING POINTSStrengthening dollar could disrupt gold upside.NFP in focus later today.Price action points to impending gold weakness. XAU/USD FUNDAMENTAL BACKDROPGold is taking a breather as we enter the European session (after yesterday’s...
EUR/USD ANALYSISECB gives support to Euro.China aids dollar weakness.EURO FUNDAMENTAL BACKDROPThe Euro climbed in early trading on Monday after the ECB’s President Christine Lagarde announce med that “July is the likely lift-off date...
GBP/USD ANALYSISEmployment change (FEB) – ACT: 83K, EST: 5KUnemployment rate (MAR) – ACT: 3.7%, EST: 3.8%CABLE ON THE UP!Cable gained further traction after the employment change and unemployment releases beat estimates (see economic...
