EUR/USD DIVES TO FRESH FIVE-MONTH LOWS NEAR 1.0600
Post Views:138
The EUR/USD remains vulnerable, dangerously close to the mid-term low at 1.0600.
Euro recovery fails ahead of 1.0700 and ECB policymakers point to a June rate cut.
In the US, strong employment levels and some hawkish comments by Fed’s Williams have provided a fresh boost to the USD.
The Euro recovery has been capped a few pips shy of the 1.0700 area, and the pair pulled lower on Thursday, to hit intra-day lows at 1.0645. The dovish comments by ECB policymakers and strong US data endorsing the Fed’s “higher for longer” outlook have weighed the common currency.
Earlier today ECB’s Vice-President Francoise Villeroy, affirmed that, barring a major surprise the bank will cut rates in June. These words have been echoed by the Governor of the Austrian central bank and notorious hawk, Robert Holzmann.
Grammy award winning Christian music artist, and American Idol contestant alum Mandisa died at 47, ‘Struggles are over’
K-Love Radio reported Mandisa, whose full name was Mandisa Hundley, died at her Nashville home on April 18 at age 47. A cause of death has not been released.
By Mahesh Limbani
‘Transformers One’: Paramount Reveals New Release Date as Official Trailer Launches
Transformers One — the first-ever fully CG-animated Transformers movie — is billed as the untold origin story of how sworn enemies Optimus Prime and Megatron were once friends bonded like brothers
By Mahesh Limbani
Taylor Swift Reacts to Meme About Her Dating History
Taylor Swift ‘likes’ post ranking her boyfriends, Travis Kelce lands on top as Joe Alwyn sits on bottom. Taylor Swift Reacts to Meme About Her Dating History
By Mahesh Limbani
IPL 2024 Match Today: LSG vs CSK fantasy 11 And Dream 11, Team predictions
IPL 2024 Match Today, LSG vs CSK: Lucknow Super Giants will aim at reviving their campaign when they meet the Chennai Super Kings
By Mahesh Limbani
IPL 2024: BCCI Takes Action Against Hardik Pandya Immediately After PBKS vs MI IPL Match, Slaps Heavy Fine For Over-Rate Offence
Captain Hardik Pandya paid the price after MI was found guilty of breaching the IPL Code of Conduct. The MI captain was slapped with a fine of ₹12 lakh after his side maintained a slow over-rate
By Mahesh Limbani
Gold XAU/USD New Price Today Advances To New Historic High Above $2,430
Escalating geopolitical tensions help XAU/USD continue to push up despite the broad-based US Dollar strength. Gold XAU/USD New Price Today Advances To New Historic High Above $2,430
By Mahesh Limbani
What are the 3/29/24 winning Mega Millions numbers? Mega Millions winning numbers for Friday, March 29, 2024. Find your tickets
The Mega Millions lottery jackpot was an estimated $20 million with a cash option of $9.5 million for Friday night's drawing, according to the Mega Millions website.
By Mahesh Limbani
IPL 2024: RCB vs KKR IPL Live Score, Virat bats through the innings
RCB vs KKR IPL Live Score 2024, Royal Challengers Bengaluru vs Kolkata Knight Riders: Virat Kohli has scored a second consecutive half-century
By Mahesh Limbani
IPL 2024: RCB vs KKR, 10th Match, RCB vs KKR Dream11 Prediction,
Royal Challengers Bengaluru vs Kolkata Knight Riders, 10th Match, RCB vs KKR Dream11 Prediction, Royal Challengers Bengaluru (Playing XI) and Kolkata Knight Riders (Playing XI)
By Mahesh Limbani
Miles McBride does it all in OG Anunoby’s absence as New York Knicks gut out win over Warriors
Down three starters in the third stop of a four-game road trip, the New York Knicks marched into San Francisco’s Chase Center and defeated the Golden State Warriors, 119-112, late Monday night.
In the US, macroeconomic data has endorsed the picture of a strong economy with a tight labour market. Jobless claims remain steady at relatively low levels while a manufacturing activity gauge has reached its best reading in two years.
Beyond that, the New York Fed President, John Williams has reiterated that there is not an urgency to lower interest rates, which has sent US yields and the US Dollar up from intra-day lows.
The near-term bias remains neutral, with the pair unable to put a significant distance from five-month lows. 1.0700 is the immediate resistance, followed by 1.0730 and 1.0755. Support levels are 1.0605 and 1.0553.
