Fed Chairman Jerome Powell is set to begin his two-day semiannual Congressional testimony today, drawing significant attention from the markets as participants seek clarity on the Fed’s monetary policy direction for the year. Key questions Read more…
Short Term Elliott Wave View in DAX suggests that rally from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and dips in wave ((ii)) Read more…
BoC is widely anticipated to maintain benchmark overnight rate at 5.00% today, marking the fifth consecutive meeting without change. While dropping its tightening bias in January, it is deemed premature for BoC to adopt a Read more…
Australia GDP grew 0.2% qoq in Q4, slightly below expectation of 0.3% qoq. On an annual basis, the economy expanded by 1.5% yoy. The data indicates deceleration in economic momentum as the year progressed, with Read more…
Key Highlights Gold rallied above the $2,080 and $2,100 resistance levels. A connecting bullish trend line is forming with support at $2,045 on the 4-hour chart. Bitcoin extended gains above the $68,800 resistance. Ethereum bulls Read more…
RBNZ Chief Economist Paul Conway, speaking at a webinar today, noted that emphasizing the contractionary nature of current interest rates is effectively “tapping the brakes” on the economy to moderate its pace of growth and Read more…
The monetary policy decisions statement is released at 13:15 GMT President Lagarde et al could signal a policy shift in this communiqué The ECB staff projections could also hold the key to a rate cut Read more…
ECB announces rate decision on Thursday at 13:15 GMT Policymakers to avoid rate cut signals as inflation risks linger in the background New economic projections might reflect potential changes in the ECB’s thinking Don’t expect Read more…
Bullish Scenario: Intraday buys above 149.80 with TP: 150.50, TP2: 150.80, and TP3: 151.00 and 151.90 medium-term, with S.L. below 149.60 or at least 1% of account capital*. Apply trailing stop. Bearish Scenario: Sales below Read more…
In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a Read more…