Inflation data in the spotlight as the market prices in rate cuts The ECB kept the door open to more rate hikes, but growth remains a big thorn German CPI due out on Thursday; the Read more…
After the recent strong turn down on gold we adjusted the wave count and think that the price action from the July low is wave B, but can still meet higher prices if we consider Read more…
BoJ Ueda says 2% inflation target not yet achieved USD/JPY pushes above 149 The Japanese yen is unchanged on Tuesday, trading at 148.85. BOJ’s Ueda says monetary policy to continue The Bank of Japan maintained Read more…
The yield on 10-year bonds exceeded 4.5% per annum – a 16-year high. The demand for them was promoted by: → tough statements from the Fed last week that the high base interest rate will Read more…
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Although cleaning probably isn’t at the top of the list Read more…
Fed lifts dot plot, adds fuel to dollar’s engines Focus turns to core PCE index, the Fed’s preferred inflation gauge Slowdown could hurt the dollar, but broader outlook remains bright The data is released on Read more…
Market picture The positive correlation between cryptocurrencies and the stock market is temporarily back on track. The crypto market capitalisation approached 1.05 trillion (+0.9% in 24 hours). On Monday evening, the crypto market recouped its Read more…
Gold price fell to ten-day low on Tuesday, under increased pressure from rising dollar which is trading at the highest in ten months. Fed’s narrative about one more rate hike towards the end of the Read more…
GBPUSD set to close the month with heavy losses Short-term risk bearish but oversold conditions evident Support could emerge within the 1.2100 area GBPUSD has been in the red almost every single week since peaking Read more…
EURJPY stuck in a tight range during September Hovers a tad below 15-year peaks supported by 50-day SMA Momentum indicators are tilted slightly to the bullish side EURJPY has been in a prolonged uptrend since the beginning Read more…