Monetary Policy Summary, June 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…
USDJPY continues to trend higher and cracks pivotal Fibo barrier at 158.22 (76.4% of 160.19/151.85) which recently capped several attacks. Sustained break here would generate fresh bullish signal for continuation of entire recovery from 151.85 Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher again in early Thursday trading, powered by gains for some megacap tech stocks, as investors looked to extend the market’s recent record Read more…
USDCHF rises rapidly after SNB lowers interest rates to 1.25% Oversold signals favor the bulls; more upside needed for a positive outlook USDCHF turned swiftly up to test its 200-day simple moving average (SMA) at Read more…
The Swiss franc is down sharply on Thursday. USD/CHF is trading at 0.8897 in the European session, up 0.67% on the day. Swiss National Bank trims rate to 1.25% The Swiss National Bank kept investors Read more…
USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%. The central bank argued its decision by the fact that inflation continues Read more…
Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision Read more…
The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused. The Bank of England will convene for its Read more…
The Ifo Institute upgraded its growth forecasts for German economy, indicating that it is “slowly working its way out of the crisis.” GDP is now expected to grow by 0.4% in 2024, up from March Read more…
The well-known (but anonymous) analyst known as PlanB predicted that Bitcoin’s price will reach $150,000 by the end of this year and $800,000 by 2025. How realistic is this? Analyzing the long-term BTC/USD chart on Read more…