Gold ends sideways trajectory; enters uncharted territory Short-term bias positive but overbought signals suggest some caution A close above 2,480 might be necessary to boost buying confidence Gold bulls powered ahead to finally exit the three-month range Read more…
Cable surged through psychological 1.30 barrier and hit its highest in one year on Wednesday, after hotter than expected UK June inflation data tempered expectations for first BoE rate cut in next month policy meeting. Read more…
A batch of inflation statistics from the UK seems to have fuelled the Pound’s rally against the Dollar and Euro, which has been going strong since the beginning of the month. Consumer inflation remained at Read more…
New York Fed President John Williams, in an interview with the Wall Street Journal, indicated that recent inflation readings over the past three months are “getting us closer to a disinflationary trend that we’re looking Read more…
The Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations are set for Read more…
In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index DXY , published in members area of the website. As our members know, Dollar has given Read more…
Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively. EU services inflation remains persistently high and is unlikely to decrease Read more…
The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day. The pound has sparkled in July, climbing Read more…
Market picture The crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K. Ethereum is trying to cross Read more…
AI definitely nailed the right surly energy for this orange cat. The pirate ship in Elliott Bay was one thing, but it was a little blurry bee that sent me over the edge. Samsung would Read more…