Month: February 2024

BoE left the Bank Rate unchanged at 5.25% as widely expected. However, two MPC hawks (Jonathan Haskel and Catherine Mann) voted for another 25bps to 5.50%. Meanwhile, one dove (Swati Dhingra) voted for a 25bps Read more…

Check back for updates throughout the trading day U.S. equity futures bumped higher Thursday as investors looked to claw back a portion of yesterday’s selloff triggered by hawkish remarks from Federal Reserve Chairman Jerome Powell Read more…

Monetary Policy Summary, February 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its Read more…

The US Federal Reserve pushed back the first Fed funds rate cut and Fed Chair Powell indicated that the “highly anticipated” March rate cut is not the base case for now. The dovish Fed Pivot Read more…

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDCHF published in members area of the website. As our members know, the pair is Read more…

EURCHF holds beneath the 20- and 50-day SMAs MACD and RSI strengthens negative momentum EURCHF is posting a leg to the downside after the pullback from the 0.9470 resistance level, heading towards the previous record Read more…

Market picture Crypto followed equity indices lower on Wednesday evening. Cautious buying is seen in the market on Thursday. The crypto market capitalisation now stands at $1.62 trillion, 1.9% lower than 24 hours ago. Solana Read more…

As the chart shows, the price of XNG fell below 2.040 on January 31 for the first time since August 2020. This was facilitated by: → seasonal trend, because towards the end of winter the Read more…

Eurozone CPI slowed from 2.9% yoy to 2.8% yoy in January, above expectation of 2.7% yoy. CPI core (excluding energy, food, alcohol & tobacco) slowed from 3.4% yoy to 3.3% yoy, above expectation of 3.2% Read more…