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JP Morgan say ECB to cut by 25bp, but ‘door not shut’ on 50 – Goldman Sachs see 25bp cut

December 11, 2024

The final European Central Bank rate cut for 2024 is expected today, Thursday, December 12, 2024. 1315 GMT is 0815 US Eastern time European Central …

Cryptocurrency

Ten 2025 crypto forecasts, including Bitcoin to $200,000, Ether to $7,000, Solana to $750

December 11, 2024

Bitwise Asset Management has released its 10 Crypto Predictions for 2025. Info CIA CoinDesk. Included in the projections: all major cryptocurrencies will see new record …

Central Banks

November’s core CPI gain solidifies expectations for a Federal Reserve rate cut next week

December 11, 2024

A note from BMO on the US CPI data, with analysts there saying the November core CPI gain of 0.308% has solidified expectations of a …

Central Banks

Brazil’s central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)

December 11, 2024

Banco Central do Brasil Monetary Policy Committee (Copom) decision: Selic Interest Rate hiked to 12.25% prior 11.25% expected hike was to 12.0% The decision was …

Technical Analysis

Gold moves up to test swing level from last week of November. Crude oil higher as well.

December 11, 2024

The price of gold is moving higher and near highs for the day. The price is up $24.61 or 0.92% at $2718.36. The high for …

Technical Analysis

USDCAD bounces back after initial declines failed to reach key targets

December 11, 2024

The USDCAD moved lower after the Bank of Canada rate decision as the reaction was it was more of a hawkish cut. BOCs Macklem during …

Technical Analysis

Buyers in the AUDUSD stall the fall at key floor target.

December 11, 2024

The AUDUSD hit a new low today, dipping into a key swing area between 0.6334 and 0.6363 on the daily chart. This zone has been …

Technical Analysis

USDJPY keeping the buyers and the sellers in play

December 11, 2024

The USDJPY continues to keep both buyers and sellers engaged in a tug-of-war. Following the CPI data release, the price dropped from just above the …

Central Banks

Bank of Canada Governor Macklem: Data since last rate decision has been mixed

December 11, 2024

We discussed both 25 and 50 bps This article was written by Adam Button at www.forexlive.com. Source

Central Banks

Watch live: Bank of Canada press conference December 11, 2024

December 11, 2024

The Bank of Canada cut rates by 50 basis points but the statement no longer contains explicit guidance towards rate cuts. The opening statement from …

Technical Analysis

EURUSD retests 200 hour MA and finds sellers again

December 11, 2024

The EURUSD spiked higher after the CPI data but respected the 200 hour MA for the 2nd time today. In the kickstart video, I outlined …