NZDUSD rises temporarily after slight GDP growth surprise Bulls remain capped below 20-SMA; key support at 0.6085-0.6095 Early Thursday data revealed that the New Zealand economy experienced slightly faster growth than anticipated in Q1. However, Read more…
AUDUSD trades back and forth within its range The ascending 50-day SMA acts as a strong floor Oscillators remain tilted to the bullish side AUDUSD has been trading sideways for more than a month now as Read more…
GBP/USD In the first half of the current trading week, the GBP/USD pair has confidently stayed above the significant range of 1.2700-1.2650, continuously attempting to resume its upward trend. Today, everything could change. Depending on Read more…
Key Highlights Ethereum remained in a positive zone after all investigation was dropped by the SEC. ETH price is facing resistance near $3,700 on the daily chart. Bitcoin price extended losses and declined below $65,000. Read more…
SNB lowered the policy rate by 25bps to 1.25% and maintained the willingness to be active in the foreign exchange markets as necessary. In the accompanying statement, SNB said “underlying inflationary pressure has decreased again”. Read more…
The Swiss National Bank is lowering the SNB policy rate by 0.25 percentage points to 1.25%. The change applies from tomorrow, 21 June 2024. Banks’ sight deposits held at the SNB will be remunerated at Read more…
Markets EMU and UK markets yesterday had to develop their own dynamics with no guidance from the US (markets closed for the Juneteenth holiday). The European Commission activated the ‘excessive deficit procedure’ for 7 member Read more…
Short Term Elliott Wave in Nasdaq Futures (NQ) suggests that cycle from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave 1 ended at 19023.25 and pullback in wave 2 ended Read more…
Appetite in Europe was weak yesterday in the absence of American markets. The French CAC40 remained firmly offered near its 200-DMA and fell 0.77%, the European Stoxx 600 index retreated 0.17%, and the Swiss SMI Read more…
In focus today We have three central bank policy decisions today, from Norges Bank (NB), the Swiss National Bank (SNB), and the Bank of England (BoE) We expect the SNB to keep the policy rate Read more…