ECB President Christine Lagarde, speaking at a Financial Times event, warned that the recent phase of quick disinflation might be nearing its end, with the potential for near-term inflation re-acceleration. This caution comes amid the Read more…
Daily Pivots: (S1) 150.94; (P) 151.17; (R1) 151.56; More… Range trading continues in USD/JPY and intraday bias remains neutral at this point. Another falling leg could be seen as consolidation from 151.69 extends, but further Read more…
Daily Pivots: (S1) 0.8992; (P) 0.9017; (R1) 0.9053; More…. Intraday bias in USD/CHF stays neutral as range trading continues. On the downside, below 0.8952 will target a test on 0.8886 support first. Break there will Read more…
Daily Pivots: (S1) 1.2187; (P) 1.2248; (R1) 1.2283; More Intraday bias in GBP/USD remains on the downside at this point. Corrective rebound from 1.2036 could have completed at 1.2426 already, just ahead of 38.2% retracement Read more…
Call it the plight of the influencer. If a celebrity — especially one who did not get their start on social media — has a huge following they can, in theory, leverage that to sell Read more…
Daily Pivots: (S1) 1.0644; (P) 1.0685; (R1) 1.0709; More… EUR/USD is trying to draw support from 55 4H EMA (now at 1.0657) and intraday bias remains neutral first. Further rise is in favor as long Read more…
Today’s currency market sees Euro gaining some traction, especially against Japanese Yen, which is underperforming alongside Australian Dollar. Despite RBA’s hinting at a potential rate hike, Aussie is struggling, not only against major currencies but Read more…
An aging Michael Corleone, in the third edition of the Godfather saga, vented the loss of his hard-won empire, and the guilt tied to the murders he had to commit while building it, in one Read more…
According to NIESR’s projections, UK economy is set to witness a marginal increase in GDP of 0.1% in the fourth quarter of this year. The institute’s report highlighted, “Our central forecast does not expect a Read more…
Fed’s Powell says interest rate hikes still on table The Japanese yen is drifting on Friday. In the European session, USD/JPY is trading at 151.44, up 0.06%. It has been a rough week for the Read more…