We now expect the RBA to delay its pause to October with a 25bp increase in September to follow on from our 50bp hike forecast for August. By moving the forecast rate hike in December Read more…
Silver has reached the minimum 100% target in daily time frame from 2.1.2021 at $18.37. However, short term, the metal can still see further downside. Near term Elliott Wave view in Silver (XAGUSD) suggests the Read more…
Bitcoin rose 4.9% on Thursday, ending at around $20,700, and retreated 200 at the start of trading on Friday. Ethereum has added 7.3% in the past 24 hours to $1190. Top altcoins gained between 1.7% Read more…
Markets European bond yields started off with a massive surge yesterday. We view it as a belated catch-up move with their US counterparts following the CPI release on Wednesday. Both German yields and European swap Read more…
The Italian Prime Minister Mario Draghi wanted to resign yesterday, after the Five Star party, which is the second biggest party in Draghi’s coalition government, boycotted a confidence vote in the senate; they didn’t quite Read more…
I only have some egg dripping from my face this morning, instead of a full dozen including shells. My view that the price action post the US inflation numbers across asset classes suggested an albeit Read more…
EUR/USD Today’s trading session for the single European currency got off to a shaky start as the euro continues to trade near parity with the greenback. The one to one ratio with the dollar, however, Read more…
The Dow Jones, Nasdaq 100, and S&P 500 indices declined after weak bank earnings. JP Morgan, the biggest American bank, saw its earnings decline by more than 20% after it added provisions for credit losses. Read more…
The Nasdaq 100 consolidates as investors assess second-quarter earnings. The index came to a halt at 12200 and a bearish RSI divergence showed a loss of momentum in that key supply zone. A drop below Read more…
The Australian dollar found some support after the unemployment rate dropped to 3.5% in June. The RSI’s oversold situation caused a brief rebound but the price action remains under pressure after it failed to hold Read more…