Summary United States: Economic Resilience Suggests the Fed Has More Work to Do Chair Powell noted this week in Congressional testimony that economic activity has been resilient in the face of higher interest rates, suggesting Read more…
Rates markets prepare for recession as yields curves inverted further this week. With a hawkish tilt to central bank decisions this week, Bank of Japan (BoJ) continues to stand in stark contrast supported by several Read more…
Daily Pivots: (S1) 1.0933; (P) 1.0972; (R1) 1.0995; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1011 is seen as the third leg of the corrective pattern from Read more…
ECB Governing Council member Pablo Hernandez de Cos conveyed his anticipation of another interest rate hike. He underscored that ECB’s decisions would continue to rely on key data and inflation outlook. He stated today, “If Read more…
Market picture Crypto market capitalisation has adjusted 0.65% in the past 24 hours to 1.17 trillion, remaining near the highs since early May. The correction is primarily due to a 0.55% dollar strengthening over the Read more…
Market picture Crypto market capitalisation has adjusted 0.65% in the past 24 hours to 1.17 trillion, remaining near the highs since early May. The correction is primarily due to a 0.55% dollar strengthening over the Read more…
Daily Pivots: (S1) 0.8570; (P) 0.8603; (R1) 0.8627; More… Intraday bias in EUR/GBP remains neutral as it reversed after brief recovery to 0.8635. On the downside, break of 0.8517 will resume the fall from 0.8977 Read more…
Daily Pivots: (S1) 1.2707; (P) 1.2767; (R1) 1.2809; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2847 will resume larger up trend and target 100% projection of Read more…
Daily Pivots: (S1) 1.0933; (P) 1.0972; (R1) 1.0995; More… EUR/USD’s break of 1.0891 support suggests short term topping at 1.1011, on bearish divergence condition in 4H MACD. Fall from 1.1011 is seen as the third Read more…
DXY: The DXY (US Dollar Index) chart exhibits a bearish momentum as indicated by two factors. Firstly, the price is currently positioned below the bearish Ichimoku cloud, reflecting a prevailing bearish sentiment in the market. Read more…