I have mentioned last night 1.04450 as an important level that separates EUR from surging higher ( always take few pips up or down in consideration as I am trying to give you an insight way earlier , so levels are moving slightly with every passed hour )
We have now following supports:
1.03650 & 1.03400
If later one is lost, road would be open to 1.02100
Resistances are at: 1.04400 & 1.04700
The angle of this Support line below is one that usually comes during corrections and not Overall Direction – so this might be just a correction prior to continuation of the downtrend.
Crude subdued with continued focus on geopolitics, USD lower into PPI & Executive Orders
Good morning USA traders, hope your day is off to a great start! Here are the top 5Â things you need to know for today’s market.
5 Things You Need to Know
US President Trump did not sign reciprocal tariffs order on Wednesday after stating that he may, while the White House schedule showed President Trump is to sign executive orders on Thursday at 13:00EST/18:00GMT.
Stocks mostly firmer on constructive geopolitical updates; US futures are mixed ahead of PPI.
USD softer as markets weigh potential Ukraine peace deal and lack of reciprocal tariffs (so far).
Bonds attempt to recoup CPI-driven losses into PPI though geopols is capping.
Crude continues the Russia/Ukraine downside seen in the prior session; reports suggested
Israel/Hamas had come to an understanding, but this was subsequently denied by Israeli PM Netanyahu’s Office.
A look at the day ahead in U.S. and global markets from Mike Dolan
Talks to end the Ukraine war have partly cut across the hot U.S. inflation report for world markets, reining in both oil prices and capping aggravated U.S. borrowing rates – while also lifting the euro and European shares.
It is rare that we like toi give ourselves credit but I poated this article nearly 3 weeks ago and it took time for the markets to catch up to my puzzle.
Here is a question? Why has the EURUSD recovered and DAX at record levels given the risk of Trump tariffs. prospect of lower interest rates, an underperforming German economy and political uncertainty in Germany (and France)?
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