Month: July 2024

Bundesbank’s latest monthly report indicates that while some factors are bolstering the economy, they are simultaneously complicating efforts to bring inflation down to target. “The labor markets are still operating at high capacity, wage growth Read more…

EURCHF spikes lower following rejection at 23.6% Fibo Price trades sideways after break below 50-day SMA Momentum indicators are neutral-to-negative EURCHF has been staging a solid recovery since mid-June, advancing to its highest level in more than a Read more…

EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, Read more…

The USDCNH pair represents the exchange rate between the US dollar and the Chinese yuan. Factors influencing the US dollar include Federal Reserve policies, inflation rates, and the overall health of the US economy. In Read more…

Nvidia shares moved higher in early Monday trading as investors looked to reverse some of last week’s $280 million decline amid reports of a new China-focused AI chip and a bullish endorsement from a key Read more…

Check back for updates throughout the trading day U.S. equity futures moved higher in early Monday trading, while the dollar slipped lower against its global peers, as investors braced for a busy week on Wall Read more…

A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden Read more…

In an op-ed published today, ECB Governing Council member Peter Kazimir addressed market expectations for two additional rate cuts before the end of the year. He stated that while these market bets are “not entirely Read more…