Cryptocurrencies
Fed’s Kashkari backs 50bps cut, shifts focus to labor market weakness
In an essay, Minneapolis Fed President Neel Kashkari provided insight into his support for last week’s 50bps rate cut, despite not having a vote on the decision. “We have made substantial progress bringing inflation back Read more…
Cryptocurrencies
USD/JPY Technical: Mean Reversion Rebound in Progress Within a Medium-Term Downtrend
USD/JPY failure to have a clear break below 140.25 coupled with BoJ Governor Ueda’s cautious rhetoric has increased the odds of a mean reversion rebound. A swift increase in large speculators’ net bullish open positioning Read more…
Cryptocurrencies
Euro Slips as Eurozone PMIs Dip, US PMIs Next
The euro has started the trading week with considerable losses. EUR/USD is trading at 1.1103 in the European session at the time of writing, down 0.50% on the day. Later today, we’ll get a look Read more…