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Riksbank rate cut adds weight to September ECB move?
The Swedish Riksbank has just announced an expected 0.25% rate cut, to 3.50% from 3.75%. The notes accompanying this decision seem to pave the way for more to come and a 0.50% reduction was actively discussed today. The news has been greeted with a downside push in the EUR/SEK and it has also helped to push European equity markets a little higher, but nothing notable at this stage. The EUR/USD has edged a little lower too, but once again not by much, but the thing is; this move does rather pave the way for the ECB to follow suit next month (on September 12). That might act as drag on the EUR/USD, IF the ECB were to match any potential similar move from the Fed. We shall have to see on that. The EUR/USD is currently trading at 1.1075
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
