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Last week ended on an ugly note, really, as the jobs data from the US revealed throughout the week was weak, but maybe not weak enough to tilt the Federal Reserve (Fed) expectations toward a clear direction. Job openings fell more than expected, and Friday’s official data showed that hirings rebounded in August, though not […]

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News of the Week (September 9—September 13): EURJPY Market Spotlight

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21/08/2024

Riksbank Cuts Interest Rates by 25bp and Signals 2-3 More Rate Cuts in 2024

In focus today In the US, minutes of the Fed’s July meeting will be published in the evening. While the focus will naturally be on any clues regarding future rate cuts, the views are likely at least somewhat outdated given that the July jobs report was published only after the meeting. Furthermore, the US Bureau […]
15/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a bearish overall momentum, indicating weakness in the US Dollar. This bearish momentum is further supported by the fact that the price is below the bearish Ichimoku cloud, which is a significant technical indicator. There is a potential for a bearish continuation towards the 1st support […]
05/03/2024

Bitcoin Will Have to Settle Here

Market picture The cryptocurrency market hit new highs on Monday, reaching a capitalisation of $2.5 trillion. Profit-taking was evident at the start of the active trading session in Asia on Tuesday. But before this, the market lacked enthusiasm. Bitcoin peaked at $68,789, just $122 below its historical high. This is before the halving and before […]