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Yesterday’s European Central Bank (ECB) meeting and Lagarde’s press conference went according to the plan. The ECB left its rates unchanged for the fourth straight meeting, lowered its inflation forecasts, predicted that inflation will reach the 2% target by next year and suppressed its growth forecast for this year. Still, Lagarde said that they aren’t […]

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04/06/2024

Silver Wave Analysis

Silver reversed from support level 29.70 Likely to rise to resistance level 32.00 Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave (3). The support level 29.70 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the […]
01/08/2024

Bank of England Review – Easing Commences But No Game-Changer for GBP

At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates and a mention of upside risks to the inflation forecast, gave the cut a slight hawkish twist. Gilt yields tracked […]
17/09/2024

EURJPY Wave Analysis

EURJPY reversed from support zone Likely to rise to the resistance level 157.40 EURJPY currency pair recently reversed up from the powerful support zone located between the long-term support level 154.85 (which has been reversing the price from last year) and the lower daily Bollinger Band. The upward reversal from this support zone is likely […]