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Forex Today: Eyes on mid-tier data ahead of key central bank meetings

Here is what you need to know on Tuesday, May 3: Markets stay relatively quiet early Tuesday as investors refrain from making large bets ahead of the ....

United Kingdom , Philip Lowe , Josep Borrell , European Union , Federal Reserve , Producer Price Index , March Factory Orders , Wall Street , Reserve Bank , Constitution Day ,

Futures Slump As Fed's Rate Hiking, QT-ing Meeting Begins

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

New York , United States , Hong Kong , United Kingdom , City Of , Soult Ukpyolsi , South Korea , Amurskaya Oblast , Piper Sandler , Jack Ma , Solita Marcelli , Kerry Craig , Michaels Lavery , Jim Reid , Stoxx Europe , Kepler Cheuvreux , Morgan Stanley Michael Wilson , Pierre Veyret , Estee Lauder , Morgan Stanley , Alibaba Group Holding , Deutsche Post , Jpmorgan Chase Co , Clorox Co , Covestro Shares Plunge After Company Cuts , Citigroup Inc ,

EUR/USD Struggling To Retain The 1.2000 Level, Bearish Once Below 1.1980

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US Federal Reserve officials poured cold water on Treasury Secretary Yellen’s comments.
US macroeconomic figures may have missed expectations but indicated continued growth.
EUR/USD struggling to retain the 1.2000 level, bearish once below 1.1980.
The EUR/USD pair trades around the 1.2000 level, posting modest daily losses. The shared currency was the worst performer, as an upbeat market’s mood put some pressure on the greenback against other rivals. Stocks edged higher in Europe and America, as despite missing expectations, US data kept pointing to substantial economic progress. Meanwhile, different Federal Reserve officials poured some cold water on Treasury Secretary Janet Yellen about higher rates. Fed’s Evans said that they are not in a hurry in any way to talk about tapering, while Fed’s Rosengren noted that significant slack remains in the economy, adding that inflation and inflation expectations look stable. ....

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EUR/USD remains pressured around 1.2000 amid cautious mood

5/6/2021 4:39:04 AM GMT
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By Dhwani Mehta
EUR/USD remains vulnerable ahead of fresh US data.
Macroeconomic divergence weighs on the euro.
DXY bounce amid worsening mood adds to the bearish bias.
EUR/USD is pressuring the downside around 1.2000, looking to test two-week lows of 1.1986, as the US dollar has caught a fresh bid-wave amid worsening market mood.
A fresh wave of risk-aversion gripped Asia after China’s state planner announced that the government has decided to put an end to the strategic alliance with Australia, as the ties deteriorate. Asian stocks ex-Japan tumbled while the S&P 500 futures erased gains, lifting the safe-haven appeal of the US dollar. ....

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NZD/USD renews multi-week lows, closes in on 0.7100

The NZD/USD pair registered modest daily gains on Monday and closed a little below 0.7200. With the greenback regathering its strength on Tuesday, the ....

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