TL;DR: Australia’s soft CPI print has pushed all four major banks into agreement that the RBA’s tightening cycle is over for now, driving AUD/USD below its rising channel with 0.6750 emerging as the next major Read more…
Downside surprise on inflation removes case for rate hike in August. Downbeat narrative on supply in question. We no longer expect rate hikes by the RBA this year. Inflation has been more benign than we Read more…
Key Highlights Bitcoin failed to surpass $65,650 and started a fresh decline. A key bearish trend line is forming with resistance at $64,500 on the 4-hour chart of BTC/USD. Ethereum also struggled above $1,920 and Read more…
Australia’s inflation report offered further evidence that price pressures are gradually easing, strengthening the case for the Reserve Bank of Australia to remain on hold in August. Both the quarterly and monthly measures came in Read more…
FTSE 100: ⬆️ Buy – FTSE 100 broke resistance area – Likely to rise to resistance level 11000.00 FTSE 100 index recently broke the resistance area between the key resistance level 10750.00 (which has been Read more…
WTI Crude Oil: ⬇️ Sell – WTI Crude Oil reversed from resistance area – Likely to fall to support level 75.00 WTI Crude Oil recently reversed from the resistance area between the resistance level 90.00 Read more…
After its record-breaking debut, SpaceX is proving that a blockbuster IPO does not guarantee a smooth ride. The rocket and satellite company has spent much of July shedding value at a pace that caught seasoned Read more…
AbbVie(ABBV) reports second-quarter results on Friday, July 31, and the mood around the stock has changed. A few months ago, investors were restless. The two drugs carrying the company were doing fine, but everyone already Read more…
Retirees who spent June planning around a generous 2027 Social Security cost-of-living adjustment (COLA) now face a much smaller number. The latest consumer price data has forced one of the most closely watched independent analysts Read more…