ECB’s latest Consumer Expectations Survey for August paints a picture of an economy where consumers anticipate higher inflation rates but remain pessimistic about economic growth. Specifically, the survey indicates that median inflation expectations for the Read more…
Fed Governor Michelle Bowman acknowledged in a speech the progress made in curbing inflation. However, she quickly pointed out “inflation remains well above the FOMC’s 2 percent target.” She highlighted the robust pace of domestic Read more…
Market Picture The crypto market did not support the impressive rise in risk appetite on traditional finances. Their combined capitalisation fell 1.7% over the past 24 hours to $1.055 trillion – the lowest in almost Read more…
EURUSD eases bullish tone near major obstacle Holds within bearish channel ahead of FOMC minutes Bulls need to drive above 1.0760 to brighten outlook EURUSD has been muted around the 1.0600 level during the early Read more…
NZDUSD trades sideways amidst geopolitical developments The current short-term upleg started when NZDUSD failed to break 0.5870 Momentum indicators are somewhat supportive of the current move NZDUSD is trading sideways today after registering five strong Read more…
This morning, as the NZD/USD chart shows, one USD was worth 0.605 New Zealand dollar, for the first time since August 10. The strengthening of NZD was facilitated by: → rumours that China is planning Read more…
EUR/USD started a recovery wave above the 1.0550 resistance. USD/CHF declined and now trading near the 1.0450 support zone. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro gained pace after it broke the Read more…
Counter trend rebound hit the 15,140 resistance. A bearish reversal candlestick was sighted at the close of yesterday’s US session which suggests that the recent two weeks of rally is unlikely the start of a Read more…
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Markets Global markets yesterday succeeded a surprising ‘all‐asset rebound’ with both bonds and equities gaining despite multiple indications that geopolitical tensions will unlikely disappear anytime soon. Central bank/Fed guidance was the dominant factor. (Some) Fed Read more…