Fed Funds futures have fully priced in a 75-basis point hike for today’s FOMC meeting, with policymakers expected to frontload more of its intended rate hikes in response to unrelenting inflationary pressures. Investors are dreading Read more…
Daily Pivots: (S1) 1.0365; (P) 1.0409; (R1) 1.0476; More…. Range trading continues in EUR/CHF and intraday bias remains neutral. On the upside, decisive break of 1.0513 will resume the whole rebound from 0.9970, for 1.0610 Read more…
Bitcoin was down 5.7% on Tuesday, ending the day at around $22K. The decline picked up on Wednesday morning, taking another 3.3% off the price to $21K, declining for the eighth consecutive day and losing Read more…
EURGBP is surging towards a fresh 16-month high of 0.8720, helping the market to switch to a more bullish one. The price jumped above the upper Bollinger band, which is a strong sign for more Read more…
The Gold market finally displayed some strong price movement in the past days and broke out of the sideways range it was moving within for the past several weeks. As always, a remarkable price movement Read more…
The Euro bounces in early Wednesday following announcement that ECB’s will hold an unscheduled and rare meeting regarding the turmoil in bond markets. The ECB officials will discuss the problem of sharp rise of bond Read more…
The crypto market is now worth less than $950 billion compared to $3 trillion in November. When is it going to stop? The descent into hell or the return to earth of cryptocurrencies unfortunately continues Read more…
Swiss SECO downgraded 2022 GDP growth forecasts (sport event adjusted) from 2.8% to 2.6%. 2023 GDP growth was also lowered from 2.0% to 1.9%. On the other hand, CPI forecast for 2022 was raised from Read more…
Daily Pivots: (S1) 1.0382; (P) 1.0434 (R1) 1.0470; More… Intraday bias in EUR/USD stays neutral of the moment, but risk remains on the downside as long as 1.0786 resistance holds. Below 1.0396 will target 1.0039 Read more…
The software company is the established business with the most bitcoins on its balance sheet. Billionaire Michael Saylor and his company MicroStrategy (MSTR) – Get MicroStrategy Incorporated Report are at the center of attention with the Read more…