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The USD is the strongest and the CHF is the weakest as the North American session begins

August 4, 2023

The USD is the strongest and the CHF is the weakest as the North American session begins and ahead of the key US jobs report. …

Technical Analysis

Nasdaq Composite Technical Analysis – Bulls and Bears are watching this support

August 4, 2023

Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and …

Technical Analysis

Dow Jones Technical Analysis – Watch this key support for the next big move

August 4, 2023

Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and …

Central Banks

Underlying inflation has likely peaked in 1H 2023 – ECB

August 4, 2023

Median and mean underlying inflation measures suggest that underlying inflation has likely peaked in the first half of 2023 Most measures of inflation were showing …

Technical Analysis

Russell 2000 Technical Analysis – The bulls are still eyeing a breakout

August 4, 2023

Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and …

Technical Analysis

S&P 500 Technical Analysis – US NFP in focus

August 4, 2023

Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and …

Technical Analysis

Gold Technical Analysis – Bulls and Bears are watching this key support level

August 4, 2023

The Fed hiked interest rates by 25 bps as expected and left everything unchanged. Fed Chair Powell didn’t hint to anything and reaffirmed their data …

Central Banks

Bank of England’s Huw Pill is speaking on the Bank’s latest rate hike on Friday

August 4, 2023

1115 GMT, 0715 US Eastern time: Bank of England Chief Economist Huw Pill WIll be giving an online briefing to businesses on the central bank’s …

Central Banks

PBOC official says will use monetary policy tools flexibly for reasonably ample funds

August 4, 2023

PBOC official: RRR cuts, open market operation, MLF, and all structural monetary policy tools needs to be used flexibly to maintain liquidity in banking system …

Central Banks

Australian dollar tracking even higher after the SoMP – China announcement awaited

August 4, 2023

AUD and NZD are outperforming on the session. There should be some statements out of China at some stage (I haven’t got a time) regarding …

Central Banks

RBA Statement says rates may need to go higher, full impact of rises so far not yet felt

August 4, 2023

The Reserve Bank of Australia Statement on Monetary Policy (SoMP). Headlines via Reuters: Some further tightening may be required Board considered raising rates at August …