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Ethereum Technical Analysis – The bulls are watching these support levels

July 26, 2023

Following the news of BlackRock’s submission for a Bitcoin ETF on June 15th, Ethereum mirrored the surge in value of Bitcoin, rallying from the 1620 …

Technical Analysis

Bitcoin Technical Analysis – Breakout of the range is a bad omen for the bulls

July 26, 2023

After the news of BlackRock filing a Bitcoin ETF on June 15th, we saw the cryptocurrency surging in value going briefly from the 25K level …

Technical Analysis

Copper Technical Analysis – Key resistance in sight

July 26, 2023

The weakness in the global manufacturing sector and especially in the Chinese economy have been weighing a lot on Copper prices. We had a good …

Technical Analysis

WTI Crude Oil Technical Analysis – The bulls are eyeing the key resistance

July 26, 2023

The OPEC+ production cuts and the expectations of more economic stimulus in China following the dismal inflation numbers, gave Crude Oil enough strength to break …

Technical Analysis

GBPJPY Technical Analysis – A breakout of the range can lead to a big trade

July 26, 2023

The BoE surprised with a 50 bps rate hike at the last meeting given the hot employment and inflation reports. At the next meeting, the …

Technical Analysis

USDCHF Technical Analysis – The bears are watching a key level

July 26, 2023

The miss in the US CPI saw the US Dollar being sold off hard across the board as the market expected the end of the …

Market Outlook

Crude Oil Price Eases After Solid Rally as US Dollar Eyes the Fed Ahead. Higher WTI?

July 26, 2023

Crude oil dipped slightly to start Wednesday as the market looks to the Fed meeting later today for hints on the direction of the US …

Central Banks

Deutsche Bank expect European growth only a little above stagnation over next few quarters

July 26, 2023

On Tuesday the European Central Bank released its latest Bank Lending Survey. Deutsche Bank says its been keeping a close eye on lending standards for …

Central Banks

FOMC preview – “JPMorgan’s Trading Desk Sees Fed ‘Hike and Pause’ Lifting Stocks”

July 26, 2023

Bloomberg convey the info in a note from JP Morgan on FOMC scenarios: An interest-rate hike plus statements suggesting policymakers will hold off at their …

Central Banks

IMF warns of upside risk to Japan inflation, urges BOJ to start preparing for tightening

July 26, 2023

The International Monetary Fund’s chief economist Pierre-Olivier Gourinchas spoke on Tuesday, at a news conference held after the release of the IMF’s updated World Economic …

Central Banks

AUD – decline in inflation should be enough to keep the RBA on hold at their next meeting

July 26, 2023

The inflation data is here: Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected) And AUD response: AUD/USD marked lower after better than expected (with …