We expect the Fed to hike interest rates for the final time by 25bp in the next week’s meeting, and then go on hold. While economic activity has still held up well, easing underlying inflation Read more…
We expect the Fed to hike interest rates for the final time by 25bp in the next week’s meeting, and then go on hold. While economic activity has still held up well, easing underlying inflation Read more…
We expect the Fed to hike interest rates for the final time by 25bp in the next week’s meeting, and then go on hold. While economic activity has still held up well, easing underlying inflation Read more…
Markets Disappointing earnings from tech giants Netflix and Tesla in US after-market hours yesterday to some extent dampened the equity mood in Europe too. The EuroStoxx50 slid 0.5% at the open but soon recovered to Read more…
Daily Pivots: (S1) 138.97; (P) 139.48; (R1) 140.19; More… For now, strong resistance is still expected by 55 4H EMA (now at 139.87) to complete the recovery from 137.22. Break of 137.22 and sustained trading Read more…
US initial jobless claims fell -9k to 228k in the week ending July 15, below expectation of 245k. Four-week moving average of initial claims dropped -9k to 238k. Continuing claims rose 33k to 1754k in Read more…
AUDUSD bulls are staging another breakout as they desperately try to move away from the recent rectangle. However, the February 2, 2023 downward sloping trendline is proving too strong for them, halting twice their advance. This is Read more…
Participants in financial markets were closely watching yesterday the data on inflation in the UK, where it is at the highest level among the G7 countries. The news turned out to be positive: CPI was Read more…
Participants in financial markets were closely watching yesterday the data on inflation in the UK, where it is at the highest level among the G7 countries. The news turned out to be positive: CPI was Read more…
Australian dollar bounced around 1% in early Thursday, reversing more than a half of four-day 0.6894/0.6750 pullback and suggesting that correction from 0.6894 double-top of July 13/14, might be over. Aussie dollar received strong support Read more…