Germany ZEW Economic Sentiment dropped from -28 to -53.8 in July, well below expectation of -38.0. Current Situation Index dropped from -27.6 to -45.8, below expectation of -33.5. Both readings were even worse than the Read more…
BoE Deputy Governor Jon Cunliffe talked about the lessons learned from recent “instability and losses in crypto markets”, also called the “crypto winter”. He said, “a widespread collapse of crypto-asset valuations has cascaded through the Read more…
Bitcoin was down 2.5% on Monday and, continuing its decline on Tuesday morning, was back at $20,000. Ethereum has lost 5.2% in the past 24 hours to $1090. Altcoins in the top 10 fell from Read more…
GBPUSD could not close successfully above the 1.1988 – 1.2000 bar (2016 – 2019 base) last week, with the price erasing its latest bullish attempt to chart a new two-year low at 1.1844 early on Read more…
EUR/USD The euro lost ground against the dollar, and after the successful breach of the support at 1.0071, the currency pair slipped into a new 19-year low. If trading remains limited under the mentioned zone, Read more…
The British pound remained on edge as investors waited for clarity on who will become the next prime minister after Boris Johnson’s resignation. It has already become a crowded race, with many influential leaders declaring Read more…
The USDJPY is consolidating under new highest level since Sep 1998 (137.75) in early Tuesday’s trading, following Monday’s bullish signal on 2.6% advance (the biggest one-day advance since June 17) and close above previous top Read more…
A burst of dollar strength pushed EUR/USD to just 5 pip above parity. Although the move appears to be on the back of rising yen, which is now the strongest major currency of the Asian Read more…
Asian shares were a sea of red on Tuesday as recession fears and China’s renewed Covid-19 outbreak smothered appetite for risk. Overnight, Wall Street’s main indices took a beating as investors sprinted to safety ahead Read more…
Daily Pivots: (S1) 162.79; (P) 163.63; (R1) 164.22; More… Intraday bias in GBP/JPY stays neutral and further fall is in favor with 165.26 minor resistance intact. On the downside, below 160.37 support will target 155.57 Read more…