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The markets were calm yesterday, the European stocks extended gains, while the S&P500 and Nasdaq consolidated a bit lower than their ATH levels. A $69bn sale of US 2-year debt went well, the US 2-year yield extended losses and the US dollar rebounded from the lowest levels of the year. Crude oil, which rallied to […]

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USDCHF Wave Analysis

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Gold: Long-Term Bullish, Short-Term Correction

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03/03/2024

ECB Preview – Policy Normalisation in Sight

Next week, on Thursday 7 March, the ECB is set to take another step in its policy normalisation process, from a restrictive monetary policy stance towards a neutral stance. The new staff projections on growth outlook are expected to be revised lower this year and broadly unchanged in 2025/2026. Inflation is set to be revised […]
12/09/2024

European Central Bank Continues Carefully Along Its Rate Cut Path

Summary The European Central Bank (ECB) delivered a widely expected 25 bps cut to its Deposit Rate to 3.50% at today’s monetary policy announcement, but remained relatively cautious about the pace of future easing. The ECB said domestic inflation and wages are elevated, but that labor cost pressures are moderating. The ECB was also guarded […]
28/03/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.9245 Likely to rise to resistance level 1.9500 GBPAUD currency pair recently reversed up from the support level 1.9245 (lower border of the narrow sideways price range from January), intersecting with lower daily Bollinger Band. The upward reversal from the support level 1.9245 started the active minor impulse wave 3, […]