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Markets The consequences of yesterday evening’s decision by German Chancellor Scholz to sack his finance minister, Lindner, might by far-reaching. Lindner’s hard “no” against modifying the debt brake enshrined in the German constitution to allow for more spending in order to revive the economy mired in recession but also to grant more support to Ukraine […]

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05/05/2024

Forex and Cryptocurrency Forecast

EUR/USD: What’s Wrong with the US Soft Landing? The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial inflation measure that the Federal Reserve follows – the Personal Consumption Expenditures Price Index (PCE) – increased from 2.5% to […]
03/06/2024

EUR/USD: Eases on Weaker Demand, Markets Await ECB’s Verdict

The Euro started to lose traction in European trading on Monday, adding to initial warning from Friday’s daily candle with long upper shadow, which was formed after strong upside rejection. Initial signal of two-day recovery stall was boosted by a double-top formation on hourly chart (1.0858). Fresh weakness needs to clear pivotal support at 1.0825 […]
28/06/2024

Yen: A Managing Decline

The Japanese yen has fallen to its lowest since 1986 against the dollar and a historic low against the euro. Its YTD loss is 12.5%, the third-worst performance after the Nigerian naira and the Egyptian pound among the 36 most liquid global currencies. This performance of the currency has the monetary and financial authorities in […]