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Bitcoin Looking to Shrug Off Regulatory Concerns and Push Even Higher

July 3, 2023

Bitcoin is entering the third quarter of the year on the front foot and is looking to print a new yearly high after rallying sharply …

Central Banks

Economic calendar in Asia Tuesday, 4 July 2023, RBA day!

July 3, 2023

It’s a ‘live’ Reserve Bank of Australia meeting today, a hold or a +25bp rate hike is the question! Previews posted already: ANZ still expect …

Technical Analysis

GBPUSD trades above and below 100/200 hour MAs

July 3, 2023

The GBPUSD is trading above and below the 100 and 200-hour MAs with the 100-hour MA at 1.26705 and the 200-hour MA at 1.27015. The …

Technical Analysis

AUDUSD traders using moving averages to define boundaries today

July 3, 2023

Traders in the AUDUSD are using moving averages on the top and bottom sides to define the boundaries today. Looking at the chart below, the …

Technical Analysis

What is key technically for the USDJPY as the new week begins

July 3, 2023

It is a holiday in Canada and a semi-holiday in the US (although all markets are open) as the 4th of July holiday is looming …

Central Banks

ECB’s Nagel: Inflation is not retreating as we would like it to

July 3, 2023

ECB’s Nagel is saying inflation is not retreating as we would like it to. He is confident a hard landing can be avoided Earlier he …

Technical Analysis

EURUSD bias tilts marginally in the sellers favor to start the trading week

July 3, 2023

The EURUSD is trading with a small negative bias in the short term to start the new trading week. The pair is trading below the …

Technical Analysis

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

July 3, 2023

The NZD is the strongest and the CHF is the weakest as the North American session begins. Today in Canada they will observe Canada Day …

Market Outlook

Australian Dollar Buoyed by Solid Data Locally and in China. Higher AUD/USD?

July 3, 2023

The Australian Dollar tried to rally today after a large beat on local data and China’s better-than-expected Caixin PMI read. The 4th of July holidays …

Central Banks

ECB’s Nagel is speaking on Monday, Europe time.

July 3, 2023

Germany’s Bundesbank President (and European Central Bank Governing Council member) Nagel is speaking on Monday, 3 July 2023. Nagel is a persistent hawk, and he …

Central Banks

Japan Matsuno believes improvement in the BOJ Tankan reflects gradual recovery of economy

July 3, 2023

Japan chief cabinet secretary Matsuno says that he believes the improvement in the BOJ Tankan reflects a gradual recovery of the economy, but will continue …