ECB raises the three key interest rates by 50bps today as expected. The main refinancing, marginal lending, and deposit rates are 2.50%, 2.75% and 2.00% respectively. The Governing Council expects to “raise them further” based Read more…
The Governing Council today decided to raise the three key ECB interest rates by 50 basis points and, based on the substantial upward revision to the inflation outlook, expects to raise them further. In particular, Read more…
Fed Chair Jerome Powell poured cold water on market hopes for an end-of-year rally, signaling the need for a “higher for longer” interest rate policy as inflation continues to lean economic growth. Updated at 8:42 Read more…
The Bank of England has followed the footsteps of the US Federal Reserve by hiking interest rates by 50 basis points, lifting the Official Bank Rate (OBR) to 3.5%, the highest since October 2008. The Read more…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of NZDJPY. In which, the rally from 11 November 2022 low is unfolding as an ending diagonal structure and Read more…
BTCUSD has been trading in a new lower sideways channel since November but a gradual pickup of positive momentum over the last couple of weeks has raised the price close to the range ceiling at Read more…
BoE raises Bank Rate by 50bps to 3.50% as expected, by 6-3 vote. Two members, Swati Dhingra and Silvana Tenreyro voted for no change. On the other hand, Catherine Mann voted for 75bps hike. The Read more…
Monetary Policy Summary, December 2022 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…
No longer the world’s richest man, Tesla CEO Elon Musk continues to cut his stake in the world’s most-valuable carmaker. Tesla (TSLA) – Get Free Report shares extended declines Thursday following yet another share sale from Read more…
Silver made some nice recovery recently which looks like an impulse. But, we can now see it finishing a five-wave cycle from October lows and also a five-wave cycle of the lower degree within 5th Read more…