Patrick boudrot

EUR/USD snaps the two-day losing streak near 1.0875 in Thursday’s early Asian session. The ECB is expected to cut interest rates for the first time in five years on Thursday. The US ISM Services PMI rose to 53.8 in May from 49.4 in April, above the consensus. The EUR/USD pair gains ground around 1.0

European Central Bank (ECB) policymaker Isabel Schnabel said on Friday that “we cannot pre-commit to a particular rate path.” “The future inflation outlook remains uncertain,” she added. Market reaction EUR/USD is keeping its range play intact near 1.0900, almost unchanged on the day. Share: Feed ne

The euro is down for a third straight day and has dropped 1.3% since Thursday. EUR/USD is trading at 1.0731 in the European session, down 0.32% on the day. There are no releases out of the US or the eurozone today. It was a busy weekend in Europe, as voters went to the ballot box for European Parlia

LONDON — U.K. economic growth ground to a halt in April, according to flash figures published on Wednesday, stalling the muted rebound from last year's recession mere weeks ahead of a national election. Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% i

Gold trades marginally lower on Thursday after the Federal Reserve’s more-sober-than-expected policy assessment. Gold spiked higher following cooler US inflation data on Wednesday, however, it pulled back after the Fed meeting. XAU/USD might have formed a bearish Head-and-Shoulders pattern on the da

The Dow Jones Industrial Average (DJIA) has given up all its ex-post US CPI intraday gains triggered by losses inflicted on the 10-year US Treasury Note futures. The ongoing weakness seen on the DJIA may act as a drag on the Nasdaq 100. Watch the 19,800 pivotal resistance on the Nasdaq 100 for a pot