Category: Market Analysis

Τhe single European currency remains in...

Summary United States: Inflation’s Downward Trend Remains...

EUR/USD, “Euro vs US Dollar” EURUSD...

We expect a consensus 0.3% MoM...

EUR/USD Current price: 1.0933 The EUR/USD...

Equity markets have continued to struggle as we kick off another week afresh, with European and Asian stocks heading lower once again. Friday’s US jobs report brought fresh concerns over the likeliness of the Fed to cut rate in March as markets have been widely anticipating, with a hot payrolls figure coming alongside a higher wage growth reading.

Over the last two months, the balance in the Fed Bank Term Funding Program (BTFP) has surged, and the pace of borrowing appears to be increasing.

European indices are back under pressure once again this morning, with a rebound in eurozone inflation adding further cause for concern. Coming off the back of yesterdays German and French CPI gains, the 2.9% eurozone inflation gauge may add some hesitation for those expecting a rapid return below target after last month’s 2.4% reading.

Acoording to IMARC Group, the Saudi Arabia perfume industry report has categorized the market based on price, gender and product.

The AUD/USD pair regains positive traction on the first trading day of 2024 and for now, seems to have stalled a two-day-old corrective slide from its highest level since mid-July, around the 0.6870 region touched last week. A private survey showed on Tuesday that manufacturing activity in China expanded at a quicker pace at the end of 2023 on the back of steady growth in new orders amid continued improvement in local and overseas demand.