EUR/USD Forecast: Euro needs to stabilize above 1.0800 to stage a rebound
EUR/USD moves up and down in a very narrow band slightly below 1.0800 on Monday after closing the previous week marginally lower.
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EUR/USD moves up and down in a very narrow band slightly below 1.0800 on Monday after closing the previous week marginally lower.
Strong readings on the manufacturing data lowered expectations for a June rate cut and kept investors on edge.
Gold price (XAU/USD) flirts with record highs around $2,230 during the Asian session on Friday.
Gold ignored the persistent US Dollar (USD) strength this week and climbed above $2,200.
Since the publication of our previous analysis, the price actions of the US Nas 100 Index (a proxy of the Nasdaq 100 future) have continued to surge upwards towards 18,270 and 18,435 resistance levels as flagged in our report. Thereafter, the red-hot Index rocketed to print another fresh all-time high of 18,497 on last Thursday, 21 March ex-post FOMC.