Monetary Policy Summary, February 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its Read more…
The US Federal Reserve pushed back the first Fed funds rate cut and Fed Chair Powell indicated that the “highly anticipated” March rate cut is not the base case for now. The dovish Fed Pivot Read more…
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDCHF published in members area of the website. As our members know, the pair is Read more…
EURCHF holds beneath the 20- and 50-day SMAs MACD and RSI strengthens negative momentum EURCHF is posting a leg to the downside after the pullback from the 0.9470 resistance level, heading towards the previous record Read more…
Market picture Crypto followed equity indices lower on Wednesday evening. Cautious buying is seen in the market on Thursday. The crypto market capitalisation now stands at $1.62 trillion, 1.9% lower than 24 hours ago. Solana Read more…
As the chart shows, the price of XNG fell below 2.040 on January 31 for the first time since August 2020. This was facilitated by: → seasonal trend, because towards the end of winter the Read more…
Eurozone CPI slowed from 2.9% yoy to 2.8% yoy in January, above expectation of 2.7% yoy. CPI core (excluding energy, food, alcohol & tobacco) slowed from 3.4% yoy to 3.3% yoy, above expectation of 3.2% Read more…
UK PMI Manufacturing was finalized at 47.0 in January, up from December’s 46.2. This modest improvement, however, did not signal an end to the sector’s downturn, with continued contractions observed across key areas. Rob Dobson, Read more…
GBPUSD exposed to more declines in the short-term Outlook to stay neutral as long as the price holds above 1.2485 BoE policy announcement due at 12:00 GMT GBPUSD came under renewed downside pressure on the Read more…
Financial markets were buoyant last night due to news from the Fed. Interest rates remained unchanged — as expected. However, somewhat unexpected was the harsh rhetoric of Jerome Powell, who said that: → interest rate Read more…