The US Dollar sells off on Tuesday after an already downbeat day on Monday Traders are selling the Greenback after US imposing tariffs and, meanwhile, already facing counterattacks from Canada and China. The US Dollar Index (DXY) does not find immediate support and could break even lower on Tuesday. The US Dollar Index (DXY), which tracks … Read more
USD/CAD falls sharply to near 1.4420 as Canadian PM Trudeau announced retaliatory tariffs on the US. On Monday, US President Trump confirmed 25% tariffs on Canada and Mexico. The US Dollar faces sharp selling pressure as Fed dovish bets swell. The USD/CAD pair corrects sharply to near 1.4420 in European trading hours on Tuesday from the … Read more
PepsiCo Inc. (PEP) – daily chart Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 1 of (1). Direction: Upside in wave 3. Details: We anticipate a bottom in Minor wave 2 around the $150 Medium Level. A further upside move is needed to confirm the continuation of a long-term uptrend. PepsiCo Inc. (PEP) – One-hour chart Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {b} of 2. Direction: Downside … Read more
The Pound Sterling clings to gains near 1.2700 against the US Dollar as traders have raised Fed dovish bets for the June meeting. US President Trump has imposed 25% tariffs on Canada and Mexico and an additional 10% on China. The BoE is expected to follow a gradual policy-easing cycle as the UK inflation is … Read more
European natural gas prices strengthened yesterday, with TTF settling just over 2% higher on the day, ING’s commodity experts Ewa Manthey and Warren Patterson note. European gas prices to remain well supported “The increase reflects diminishing hopes for a Russia-Ukraine peace deal. Meanwhile, storage levels in the EU stand just under 38% full, compared to … Read more
EUR/GBP trades on a stronger note near 0.8255 in Tuesday’s early European session. Ukraine peace plan and hotter-than-expected Eurozone HICP inflation data lift the Euro. The BoE is anticapted to follow a careful and gradual policy-easing approach. The EUR/GBP cross trades in positive territory for the second consecutive days around 0.8255 during the early European … Read more