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ICYMI: ECB’s Herodotou spoke Monday, said high inflation worse than high interest rates

July 10, 2023

Constantinos Herodotou is Governor of the Central Bank of Cyprus and a member of the Governing Council of the European Central Bank. He spoke overnight …

Cryptocurrency

Standard Chartered have pumped their 2024 bitcoin forecast to as high as US$120,000

July 10, 2023

Crypto analysts at Standard Chartered have boosted their Bitcoin forecast: to USD 50,000 in 2023 and to as high as USD 120,000 in 2024 (from …

Central Banks

ICYMI – ECB’s Nagel said euro-area inflation is still too high

July 10, 2023

Germany’s Bundesbank President and European Central Bank Governing Council member Nagel spoke Monday, maintaining his hawkish credentials. Headline comments: euro-area inflation remains too high GDP …

Technical Analysis

GBPUSD trades to a new 2023 high and the highest level since April 2022

July 10, 2023

The momentum has continued for the GBPUSD. It has now broken above the June and July highs near 1.2848. The price is currently trading at …

Technical Analysis

USDCHF falls to swing area from April/May.

July 10, 2023

The USDCHF is down testing a swing area ahead of the extreme for the year at 0.8819. Looking at the 4-hour chart above, the swing …

Technical Analysis

US crude oil futures settle at $72.99

July 10, 2023

US crude futures settle at $72.99. That’s down $0.87 or -1.18%. The high for the day reached $74.15. The low was at $72.67. Looking at …

Central Banks

More from Fed’s Bostic: There is no expectation of needing to rise rates any further

July 10, 2023

This is a hard judgment call. There is no expectation of needing to rise rates any further from here. The path forward is no longer …

Technical Analysis

AUDUSD shifts short term bias back higher with daily MAs looming to the topside

July 10, 2023

The AUDUSD is trading within a range over the last two weeks between 0.6594 to 0.67057. That’s not a big range. The ups and downs …

Central Banks

Atlanta Fed GDPNow see Q2 growth at 2.3% up from 2.1%

July 10, 2023

The Atlanta Fed GDPNow estimate for Q2 growth seen at 2.3% in their latest estimate. That is up from 2.1% on July 6. In their …

Central Banks

More from Feds Mester: There is no decision yet on the need for July rate hike

July 10, 2023

There’s no decision yet on the need for a July rate hike, more data is needed. The outlook for the terminal federal funds rate matches, …

Technical Analysis

GBPUSD erases all the declines. New high for the day.

July 10, 2023

The GBPUSD has now reached a new high for the day, fully erasing the decline from the Asian session high at 1.28408. The price just …