BoE MPC member Jonathan Haskel highlighted in a speech that assuming no further shocks, inflation will depend on the “interaction of a tight labour market and second-round effects as previous inflation works its way through Read more…
ECB Governing Council member Klaas Knot has indicated there is no case for another rate cut in July. In an interview with Handelsblatt, Knot stated, “I don’t see a case for another rate cut in Read more…
The NZDUSD pair, often called the “Kiwi,” refers to the exchange rate between the New Zealand dollar and the US dollar and is an important indicator for understanding the economic relationship between New Zealand and Read more…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Ethereum (ETHUSD). As our members know, ETHUSD is showing incomplete sequences in the cycle from Read more…
EURCHF was rebounding strongly from 4-month low But its advance came to a halt at the 50-day SMA Oscillators are cautiouslytilted to the bullish side EURCHF has been in a steep recovery since mid-June, attempting to erase Read more…
GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run. The outcome of US inflation data and Fed Chair Powell’s testimony could significantly impact the GBP/USD exchange rate. A break above Read more…
Check back for updates throughout the trading day U.S. equity futures edged lower Monday, paired with a pullback in Treasury bond yields, as investors looked to a busy week on Wall Street that could test Read more…
Eurozone Sentix Investor Confidence dropped sharply in July, falling from 0.3 to -7.3, significantly worse than the expected 0.0. This decline ends a series of eight consecutive rises and marks a severe setback. Current Situation Read more…
EURUSD opened with gap-lower on Monday but dip was short-lived and larger bulls regained control and pushed the price towards last Friday’s new multi-week high (1.0842). Today’s dip was contained by psychological 1.0800 support (also Read more…
Market Picture The cryptocurrency market is moving up and down, experiencing increased volatility with swings between 2.0 and 2.15 trillion. These are very intense swings, reflecting the massive amounts of capital flowing through the market. Read more…