The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the Read more…
Eurozone CPI was finalized at 2.6% yoy in July, up from June’s 2.5% yoy. CPI Core (ex-energy, food, alcohol & tobacco) was finalized at 2.9% yoy, unchanged from June’s reading. The highest contribution to the Read more…
EURJPY recovers from its 2024 low posted on August 6 But the rebound stumbles before testing 200-day SMA Oscillators are skewed to the downside EURJPY experienced a vast selloff in July, dropping from a 32-year peak of Read more…
The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency Read more…
GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up Read more…
Market Commentary Markets Last week’s directional moves on key markets were extended yesterday in absence of any guidance coming from eco data or central bankers. Core bond yields fail to recover from the early August Read more…
The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate Read more…
In focus today In Sweden, the Riksbank’s rate decision, a policy statement and a shorter policy report will be published at 09.30 CET. A press conference follows at 11.00 CET. There will be no new Read more…
Key Highlights Bitcoin price is aiming for a decent increase above the $60,000 resistance. BTC cleared a key contracting triangle with resistance at $60,800 on the 4-hour chart. Gold bulls pushed the price above the Read more…
Daily Pivots: (S1) 188.58; (P) 190.11; (R1) 191.97; More… GBP/JPY is staying in range of 187.84/191.99 and intraday bias remains neutral first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 Read more…