Eurozone exports of goods rose 0.3% yoy to EUR 252.3B in June. Imports fell -17.7% yoy to EUR 229.3B. Trade balanced recorded a EUR 23B surplus. Intra-Eurozone trade fell -4.1% yoy to EUR 231.6B. In Read more…
Market picture Crypto market capitalisation fell a further 1.6% overnight to 1,137 trillion. A brief dip in the morning to 1,113 took the market to its lowest level in almost two months. Bitcoin is down Read more…
Daily Pivots: (S1) 158.82; (P) 159.04; (R1) 159.44; More…. Intraday bias in EUR/JPY stays on the upside at this point. Current up trend should target 61.8% projection of 139.05 to 157.99 from 151.39 at 163.09 Read more…
Market movers today Today’s main event is the Norges Bank meeting. In June, Norges Bank signalled that the policy rate would probably be raised further at the coming week’s meeting. High inflation figures for June Read more…
Daily Pivots: (S1) 0.6400; (P) 0.6440; (R1) 0.6464; More… Intraday bias in AUD/USD remains on the downside at this point, as decline from 0.7156 extends. Next target is 100% projection of 0.7156 to 0.6457 from Read more…
DXY: The DXY chart’s overall momentum is bullish, supported by its position above a significant ascending trend line, hinting at potential further bullish movement. Considering this, there’s a possibility of a short-term decline towards the Read more…
Japan’s exports experienced a dip of -0.3% yoy to JPY 8725B in July. This contraction is noteworthy as it breaks a growth streak that has lasted for over two years since February 2021. Diving deeper Read more…
In a Bloomberg TV interview, RBNZ Governor Adrian Orr indicated that a forthcoming mild recession is the “bare minium” for New Zealand, as “demand has been well outstripping the pace of the supply capacity.” “We Read more…
AUDUSD broke support level 0.6460 Likely to fall to support level 0.6400 AUDUSD currency pair under the bearish pressure after breaking below the key support level 0.6460 (which stopped the previous intermediate impulse wave (1) Read more…