Bitcoin fell 4.8% on Wednesday, ending the day around $37.0K. Ethereum lost 3.9%, while other top-ten altcoins fell between 4.4% (Cardano and Polkadot) and 7.8% (Solana and Terra). The total capitalisation of the crypto market, Read more…
Bank of England to raise rates, pound will be driven by rate path European Central Bank could adopt a more optimistic tone Stock markets edge higher but Facebook shares tank BoE primed for action The Read more…
The dollar regained traction after four-day fall stalled on attempts to clear key supports at 114.36/31 (55DMA / Fibo 61.8% of 113.47/115.68). Fresh strength signals formation of a bear trap, which underpins recovery, but requires Read more…
EURUSD came nicely higher this week, clearly with five waves meaning more gains will be expected after a three-wave retracement that can be already underway. ECB can be a nice catalyst for the next jump Read more…
The ECB is expected to maintain monetary policy at today’s meeting, but investors have been snapping up euros ahead of the meeting, with EUR/USD up 1.26% this week. The upswing in eurozone inflation, which was Read more…
Stock futures slide as Meta earnings miss ripples through tech sector; Facebook parent shares plunge as TikTok nabs users, rattles Zuckerberg; Spotify shares tumble as user forecasts hit by ‘Joe Rogan’ fallout; Amazon earnings on Read more…
Eurozone PPI rose 2.9% mom, 26.2% yoy in December, slightly below expectation of 3.0% mom, 26.6% yoy. For the month, industrial producer prices increased by 7.0% mom in the energy sector, by 0.7% mom for Read more…
UK PMI Services was finalized at 54.1 in January, up from December’s 10-month low of 53.6. PMI Composite was finalized at 54.2, up from prior month’s 53.6. Markit said charges had fastest rise on record Read more…
WTI oil futures’ 10-week rally from 66.12 has recorded a near 7½-year high of 89.70 but the price has detached from the upper Bollinger band, hinting that bullish momentum has slowed to some extent. The Read more…
The British pound has put together an impressive rally this week, with gains of 1.11%. The currency has taken a pause ahead of a key BoE policy meeting later today. BoE expected to hike rates Read more…