Europe appears to be coming apart one nation at a time’, writes Bloomberg to summarize the complicated politics of the old continent. After the French snap election led to a divided government and an ungovernable Read more…
Australian Westpac Consumer Sentiment Index declined -2.0% mom to 92.8 in December. The drop was driven by a sharp deterioration in economic expectations. The economic outlook, next 12 months sub-index fell -9.6% mom to 91.2, Read more…
In focus today In the afternoon, US November retail sales and industrial production are due for release. Leading soft indicators gave very conflicting signals in November, so the Fed will closely follow hard data releases Read more…
Key Highlights Bitcoin price started a fresh rally and traded to a new all-time high at $107,643. BTC cleared a connecting bearish trend line with resistance at $101,500 on the 4-hour chart. Ethereum price seems Read more…
Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 Read more…
European Central Bank (ECB) President Christine Lagarde has signaled that more interest rate cuts may be coming if upcoming inflation data matches expectations. Speaking at the Bank of Lithuania, Lagarde mentioned that the eurozone is Read more…
The Bank of England (BoE) faces a tricky balancing act as it prepares for its next policy decision. While the British economy has shown signs of contraction—shrinking by 0.1% for the second consecutive month—the latest Read more…
AUDUSD reversed from support zone Likely to rise to resistance level 0.6400 AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price Read more…
USDCAD reversed from support zone Likely to rise to resistance level 1.4300. USDCAD currency pair recently reversed up pivotal support level 1.4140, former resistance level which reversed the price sharply at the end of November. Read more…
Most Americans are concerned about rising living costs due to years of sustained inflation. When inflation reached 9.1% in June 2022, the Federal Reserve aggressively raised interest rates to curb inflation. Increasing the cost of Read more…