Category: Cryptocurrencies

BoE MPC member Catherine Mann said yesterday that she’s “worrying about… underlying inflation dynamic looks pretty robust right now.” She explained that past rises in energy prices and other inflationary pressures are getting passed through Read more…

Richmond Fed president Tom Barkin said he was “in concept supportive of a path that is slower but longer and potentially higher” depending on how inflation behaves. But he cautioned that while the average inflation Read more…

St. Louis Fed President James Bullard said yesterday that it’s “encouraging” that inflation “went in the right direction.” “So far, so good. My bottom line for 2023 is that it will be a year of disinflation,” Read more…

Key Highlights USD/JPY started a fresh decline from the 134.80 resistance. It traded below a key bullish trend line with support near 132.10 on the 4-hours chart. EUR/USD surged above the 1.0750 resistance zone. The Read more…

Natural Gas (NG) has lost over 63% in value since the peak in August 2022. It has been a rather sharp decline with a sizeable recovery in the middle before the decline resumed again. Today, Read more…

Yen pairs are having another large sell-off today as speculation runs rampant that the BoJ may act again when it meets next week to discuss monetary policy.  Recall that at its December meeting, although the Read more…

It seems like the market has been waiting all week for the US December CPI to be released.  The headline print was 6.5% YoY vs and expectation of 6.5% YoY and a November reading of Read more…

CADJPY reversed from resistance level 98.50 Likely to fall support level 96.00 CADJPY earlier reversed down from the resistance level 98.50 (former strong support from May, acting as the resistance after it was broken In Read more…

EURUSD broke resistance level 1.0735 Likely to rise resistance level 1.1000 EURUSD recently broke above the key resistance level 1.0735 (which have been reversing the price from the middle of 2021) intersecting with the 61.8% Read more…