Author: FX
ECB President Christine Lagarde says the euro’s recent appreciation against the dollar—despite global uncertainty—is “counterintuitive, but justified” by a growing loss of confidence in U.S. policymaking.Lagarde spoke in an interview with French media, La Tribune Dimanche, published on Saturday:“It’s impressive to note that in a period of uncertainty when we should normally have seen the dollar appreciate significantly, the opposite happened. It’s counterintuitive, but justified by the uncertainty and loss of confidence in US policies among certain segments of the financial markets.”Lagarde framed this as an opportunity for Europe to strengthen integration citing:the bloc’s perceived stabilityindependent central bankcredible institutionsComparing the…
Bomb explodes near California fertility clinic, killing one Source link
Germany does not expect UniCredit to go for full Commerzbank bid at present Source link
Trump pushes US Federal Reserve for rate cuts Source link
European Central Bank Board Member Schnabel spoke on Saturday, expressing a cautious approach to further rate cuts. Schnabel cited lingering uncertainties from global trade tensions and inflation dynamics. “We need to maintain a steady hand for now”warned that falling energy prices and slowing global growth may lower inflation in the short term but could reverse in the medium term.“We can leave rates broadly at the level they are at now and are confident that we can also maintain price stability in this way.” On June’s decision (the Bank meet on the 4th and 5th, markets are expecting a rate cut)…
Latvian central bank governor, and therefore a Governing Council member of the European Central Bank, Martins Kazaks spoke on Friday with CNBC, ICYMI:In brief, he said on Friday that interest rates may be close to their terminal level, though uncertainty remains high and further changes to the policy outlook are possible: “We are, by and large, within the baseline scenario” (the ECB inflation target is 2%)“And if the baseline scenario holds, then I think we are relatively close to the terminal rate already””a couple of more cuts may be possible”Kazaks said the outlook will depend on incoming data on developments…
The DSL MACD is a custom version of the traditional MACD (Moving Average Convergence Divergence) indicator. DSL stands for “Discontinued Signal Line.” Unlike the regular MACD that continuously plots signal lines, DSL MACD only shows them when they meet specific trading conditions. This feature helps reduce false signals and makes the chart easier to read. The indicator is especially useful for beginners who often find complex indicators overwhelming. How It Improves Trading Accuracy One of the main benefits of the DSL MACD is its ability to filter out market noise. In choppy or sideways markets, the…
Container ship owners swamped as US-China trade detente revives demand Source link
US dollar outperforms as major currencies react to big news on the US-China trade front & shifting Fed rate cut expectations. Source link
Risk assets cheered the U.S.-China trade truce announced early in the week, but optimism appeared to fade and the focus shifted to geopolitical tensions and mostly downbeat U.S. data. Crude oil had a rollercoaster run thanks to a fresh round of U.S. sanctions on Iran, before rumors of a possible nuclear deal hit the newswires. Check out the market headlines that rocked price action this week! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access…