EUR

Tomorrow we await the official confirmation that Europe has exited the (second) covid recession. While this might be a relief for many policymakers, there are still plenty of economic troubles plaguing the shared economy. So even though…

EURUSD hits resistance The euro weakened after the ECB kept its accommodative stance unchanged. The single currency is hovering above the demand zone around 1.1710 on the daily chart. While an RSI divergence has shown a loss in the…

As the second-quarter earnings season gets underway, more and more companies are reporting that they are facing logistics and supply issues. This has caused an increase in prices for their raw materials, which many are passing on to…

On Friday, the euro closed out the week after hitting a multi-month low. Not all of that is attributed to dollar strength, though, as the greenback also slid in comparison to other currencies at the same time. Because of this, we could…

Challenges Persist for the Dollar The US index continued its fall yesterday. It closed under 93 for a fourth consecutive day. Increased doubts about the durability of America’s economic recovery assisted the decline. In addition,…

Uncertainty Looms on Jobless Claims Package The US Index halted its free-fall at the close on Tuesday. However, with the US far from reaching an agreement on its fiscal stimulus package, further weakness can be expected.  In addition,…

Face-to-Face Talks Begin A string of video meetings during lockdown seemed to do little to achieve progress on trade talks. As such, face-to-face trade talks began this week. A UK delegation of negotiators attended talks with EU leaders…