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EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank

Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes.

EUR/USD’s trend remains bullish

"The euro area data calendar is empty and most major European countries are closed for Labour Day, which should allow the EUR to trade on broader market themes ahead of Friday’s preliminary CPI release. The ECB will also release an economic bulletin on Friday, offering the possibility of some analysis of global trade and risks related to tariffs."

"EUR/USD’s trend remains bullish despite the last couple of weeks of consolidation around 1.14. The RSI is bullish but drifting below 60 and hinting to a loss of momentum. The 1.1350 congestion level offers support below 1.1300 and resistance above 1.1500."

USD improves on stock rebound, trade hopes – Scotiabank

It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates

United States (US) Treasury Secretary Scott Bessent told Fox Business Network on Thursday the fact that the two-year US Treasury bond yield is below the federal funds rate is a signal that the Federal Reserve (Fed) should cut rates, per Reuters.
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