Market picture Thursday’s sell-off in the US stock market forced cryptocurrencies to bounce back from the previous day. As a result, the crypto market capitalisation is back at $1.05 trillion (-1.8% in 24 hours). Solana Read more…
Tokyo Core CPI gains 2.8%, less than expected Powell and Ueda to speak at Jackson Hole symposium USD/JPY has posted small gains on Friday, enough to push above the symbolic 146 line. On the data Read more…
The Euro dips further on Friday and on track for the sixth consecutive weekly loss. Weak risk sentiment and growing expectations that the Fed and ECB would raise their interest rates again in November, add Read more…
The Euro dips further on Friday and on track for the sixth consecutive weekly loss. Weak risk sentiment and growing expectations that the Fed and ECB would raise their interest rates again in November, add Read more…
Daily Pivots: (S1) 157.17; (P) 157.61; (R1) 158.11; More…. Intraday bias in EUR/JPY stays mildly on the downside at this point. Current decline from 159.47 short term top should extend to (now at 155.76) first. Read more…
USDCAD had been stuck in a steep uptrend after finding its feet at the 10-month low of 1.3091 in mid-July. Moreover, the pair has sliced through important technical zones such as both the 50- and 200-day Read more…
Markets Wednesday’s PMI-triggered correction didn’t went that far after all. In the run-up to Powell’s Jackson Hole address, it’s still all to play for when it comes to key technical levels. The US 2-yr yield Read more…
Daily Pivots: (S1) 1.2551; (P) 1.2640; (R1) 1.2689; More… GBP/USD’s fall from 1.3141 resumed and intraday bias is back on the downside. Next target is 61.8% projection of 1.3141 to 1.2618 from 1.2799 at 1.2476. Read more…
Daily Pivots: (S1) 1.2551; (P) 1.2640; (R1) 1.2689; More… GBP/USD’s fall from 1.3141 resumed and intraday bias is back on the downside. Next target is 61.8% projection of 1.3141 to 1.2618 from 1.2799 at 1.2476. Read more…
ECB Governing Council member Boris Vujcic acknowledged the restrictive nature of the ECB’s present stance. However, he tempered this by highlighting the uncertainty that remains, suggesting that the real test of the bank’s approach lies Read more…