ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the Dollar has softened after news of a tentative ceasefire extension between the US and Iran, but remains stronger than in early May. They stress that reopening the Strait of Hormuz is key for a larger Dollar decline, while a hawkish Federal Reserve tone keep tightening expectations alive….
2026.05.29 2026.05.29 EUR/USD: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1720 with a target of 1.1350–1.1124. A sell signal: the price holds below 1.1720. Stop Loss: above 1.1760, Take Profit: 1.1350–1.1124. Alternative scenario: Breakout and consolidation above the…
Prior +2.7% HICP +3.3% vs +3.2% y/y expected Prior +2.8% More to come.. This article was written by Justin Low at investinglive.com.
The USD/JPY pair struggles to capitalize on a modest intraday uptick, though it manages to hold above the 159.00 mark through the early European session on Friday. Spot prices, for now, seem to have stalled the previous day’s retracement slide from a four-week top and remain on track to end the week on a flattish note amid mixed cues….
USD/CAD’s upswing looks like it’s running into trouble at a key resistance zone. Will the pair turn lower in the next trading sessions?
Inflation in Germany ran up in April largely on the back of higher energy prices. That saw headline prices move up to near 3% and is once again expected to keep thereabouts in May. After the initial flurry from the earlier months, we won’t see much of a significant spike from April to May. And that will also likely…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a negative bias for the third straight day on Friday and trades around the $87.00 mark during the Asian session, close to a one-month low touched the previous day. Reports that the US and Iran have reached a deal to extend the ongoing ceasefire for…
The upcoming U.S. ISM manufacturing PMI for May will provide one of the earliest glimpses into how the business sector fared. Will we see any surprises in employment and prices that could impact Fed policy?
BOE Governor Andrew Bailey speaks in Reykjavik Friday at 0910 GMT, followed by hawk Catherine Mann in Dubrovnik Saturday at 0940 GMT and Megan Greene on stablecoins Sunday at 1230 GMT. Bank of England Governor Andrew Bailey takes the podium in Reykjavik on Friday morning at 0910 GMT (0510 US Eastern) for a speech at the 2026 economic conference,…
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8176 compared to the previous day’s fix of 6.8240 and 6.7685 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth….
