Brent crude oil has regained its upward momentum, climbing towards 73.63 USD, following a recent decline triggered by comments from US Federal Reserve Chairman Jerome Powell. In his statement, Powell indicated that the Fed would Read more…
Check back for updates throughout the trading day U.S. equity futures powered firmly higher in early Thursday trading, putting the S&P 500 on pace for a fresh record high, following a big rate cut from Read more…
The crypto market has responded favorably to the Fed rate cut Ethereum is in the green but a bearish trend is still in place Momentum indicators are turning bullish Ethereum is experiencing a green session Read more…
The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year. The dollar initially dropped sharply following the Read more…
GBPUSD prints new high near 1.3300 after FOMC rate decision Technical signals remain bullish but clear close above 1.3200 is needed BoE expected to leave rates steady at 11:00 GMT GBPUSD remains committed to closing Read more…
Switzerland’s State Secretariat for Economic Affairs forecasts the economy to perform “considerably below average” in 2024, with modest growth expected to pick up in 2025. Adjusted for major sporting events, GDP growth is projected to Read more…
Short term Elliott Wave view on EURJPY suggests cycle from 8.16.2024 high ended at 155.14 as wave A. Internal subdivision of wave A unfolded as 5 waves impulse. Down from 8.16.2024 high, wave ((i)) ended Read more…
Markets We’re finally here. The US Fed took a first, bold step in paring back monetary restrictiveness after keeping rates steady for more than a year. The decision to cut by 50 bps (to 4.75-5%) Read more…
In focus today Today we will focus on multiple central bank monetary policy meetings. Norges Bank (NB) will announce its rate decision at 10.00 CET followed by a press conference at 10.30 CET. We believe Read more…
Daily Pivots: (S1) 186.51; (P) 187.28; (R1) 188.74; More… GBP/JPY’s break of 188.08 minor resistance suggest that fall from 193.45 has completed at 183.70 already. Rise from there is seen as the third leg of Read more…