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Why Lagarde likely misspoke in indicating they don’t have more ground to cover

July 27, 2023

In the final few minutes of the press conference, ECB president Christine Lagarde offered a hint that they’re done hiking but it came after repeated …

Technical Analysis

The EURUSD sees more selling. Pair tests…BREAKS 1.1000.

July 27, 2023

The EURUSD is running lower and is now testing the 1.1000 level. The last time the price traded this low was on July 11. Lagarde …

Technical Analysis

GBPUSD tests its 100 hour moving average. Next key downside target.

July 27, 2023

The price of GBPUSD is falling the US dollar higher after better numbers for GDP, initial jobs claims, durable goods orders and even the trade …

Technical Analysis

EURUSD moves lower as strong US data sends the pair lower

July 27, 2023

The EURUSD was shoved lower despite the 25 basis point hike by the ECB earlier today. Better US a data is supporting the US dollar …

Central Banks

Lagarde Q&A: Slight change of a verb was not random or irrelevant

July 27, 2023

The verb that was removed from the statement was that ‘be brought’ was taken out of this: “The Governing Council’s future decisions will ensure that …

Central Banks

Lagarde opening statement: Near-term economic outlook for the eurozone has deteriorated

July 27, 2023

Near-term economic outlook for the eurozone has deteriorated owing largely to weaker domestic demand We will continue to follow a data-dependent path Momentum is slowing …

Central Banks

Watch live: ECB president Christine Lagarde hosts ECB press conference

July 27, 2023

How much emphasis will Lagarde put on the removal of the two words “be brought” from the statement? That’s the first question as the market …

Central Banks

ECB raises key rates by 25 bps in July monetary policy meeting, as expected

July 27, 2023

Prior decision Main refinancing rate 4.25% vs 4.25% expected Prior 4.00% Deposit facility rate 3.75% vs 3.75% expected Prior 3.50% Marginal lending facility 4.50% Prior …

Technical Analysis

The NZD is the strongest and the USD is the weakest as the NA session begins

July 27, 2023

The NZD is the strongest while the USD is the weakest as the NA session begins. The USDs move to the downside comes despite the …

Technical Analysis

Nasdaq Composite Technical Analysis – Trying to reach a key resistance

July 27, 2023

The Fed yesterday hiked by 25 bps as expected and left the policy statement basically unchanged. The market was more focused on the press conference …

Technical Analysis

GBPUSD Technical Analysis – Watch this key short-term resistance

July 27, 2023

The Fed hiked interest rates by 25 bps yesterday as expected and left the policy statement unchanged. The market wanted to see if Fed Chair …