The Australian dollar’s slide continues Evergrande bankruptcy raises contagion fears It has been all red for the Australian dollar, as AUD/USD has closed lower for eight straight days and declined 230 basis points during that Read more…
This morning the BTC/USD price is near 26,500, the lowest price since mid-June. What is the reason for this? Among the drivers of the decline may be information that Elon Musk’s SpaceX company intends to Read more…
Eurozone CPI was finalized at 5.3% yoy in July, down from June’s 5.5% yoy. Core CPI (ex energy, food, alcohol & tobacco) was finalized at 5.5%, unchanged from June’s reading. The highest contribution came from Read more…
Eurozone CPI was finalized at 5.3% yoy in July, down from June’s 5.5% yoy. Core CPI (ex energy, food, alcohol & tobacco) was finalized at 5.5%, unchanged from June’s reading. The highest contribution came from Read more…
Gold price is moving lower from the $1,930 resistance. Crude oil price is also declining and showing bearish signs below $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear Read more…
Daily Pivots: (S1) 145.46; (P) 146.01; (R1) 146.40; More… Intraday bias in USD/JPY remains neutral for consolidation below 146.55. On the upside, sustained break of 61.8% projection of 129.62 to 145.06 from 137.22 at 146.76 Read more…
Nine-week corrective decline from the 16 June 2023 high has almost reached a key inflection/support level of 31,130. Short-term momentum indicates an overstretched down move from the 10 August 2023 minor swing high, increasing the Read more…
Daily Pivots: (S1) 1.0847; (P) 1.0883; (R1) 1.0908; More… Intraday bias in EUR/USD stays on the downside at this point, even though downside momentum is relatively unconvincing. Break of 1.0832 will extend the fall from Read more…
Daily Pivots: (S1) 1.0847; (P) 1.0883; (R1) 1.0908; More… Intraday bias in EUR/USD stays on the downside at this point, even though downside momentum is relatively unconvincing. Break of 1.0832 will extend the fall from Read more…
Japan’s core CPI, which excludes fresh food, eased slightly from 3.3% yoy in June to 3.1% yoy in July, aligning with market expectations. Notably, this metric continued its streak above BoJ’s 2% inflation target for Read more…