The first half is finally over, but the pain is certainly here to stay. Ugly data The unemployment rate in the US fell but the average monthly job additions fell from 562 to 488’000, while inflation advanced from 7.1% to 8.5% despite the Federal Reserve (Fed)’s efforts to bring it down, as crude oil jumped […]
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In an interview with the Financial Times, ECB President Christine Lagarde expressed optimism about nearing the inflation target. She remarked that ECB is “very close” to declaring that inflation has been “sustainably” brought back to Read more…
Key Highlights EUR/USD started a recovery wave from the 1.0350 zone. A key bearish trend line is forming with resistance near 1.0450 on the 4-hour chart. GBP/USD is facing hurdles near the 1.2650 and 1.2720 Read more…
EURCHF falling inside minor impulse wave 5 Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 Read more…