Cable regained traction on Monday and rose again above psychological 1.20 barrier which resisted several attacks last week. Fresh bulls are supported by rising momentum as 14-d momentum indicator emerged into positive territory and last Read more…
Inflation figures in Australia tend to have a somewhat outside impact, because the country is somewhat unique in only reporting CPI changes once a quarter. Normally, when there isn’t much fluctuation in inflation, that isn’t Read more…
A huge week for U.S. markets awaits, with crucial growth and inflation data, a slate of big tech earnings, capped by the Fed’s interest rate decision on Wednesday. U.S. equity futures moved higher Monday, while Read more…
Tesla booked a $170 million loss from its bitcoin holdings over the first six months of the year, a pegged the value of its remaining digital assets at $222 billion. Tesla (TSLA) – Get Tesla Read more…
Stock futures higher as Fed decision looms; Week Ahead: earnings, fed, GDP and inflation data; Boeing edges lower following St. Louis strike vote; Volkswagen slides on first day trading following CEO Diess ouster and WHO Read more…
Bitcoin rose 5.3% over the past week, finishing near $22,300. However, the cryptocurrency’s intra-week dynamics are not so rosy, as a moderate downtrend has returned to the market since July 20. Ethereum also declined for Read more…
WTI oil remains at the back foot and extends weakness to one-week low ($92.88) on Monday. Oil prices are weighed by growing demand concerns as the US central bank is expected to make another big Read more…
The USDJPY is consolidating in early Monday after strong bearish acceleration last Thu/Fri that extended pullback from new 24-year high to two-week low (135.57). Friday’s close below initial Fibo support at 136.31 (23.6% of 126.36/139.39 Read more…
Traders have made their views on the euro and the underlying economy quite apparent, with net-short exposure falling to its most bearish level since March 2020. Whilst traders remain heavily net-short Japanese yen futures, we’ve Read more…
ECB Governing Council member Martins Kazaks said that even after last week’s 50bps hike, stronger rate hikes may not be over. “I would not say that this was the only front-loading,” Kazaks said. “I would Read more…