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DXY: The DXY (Dollar Index) chart indicates a potential bearish movement, with a probable reaction at the pivot leading to a drop towards the 1st support. The pivot at 103.44 serves as significant pullback resistance, suggesting a potential barrier where selling pressure could intensify. Conversely, the 1st support at 102.65 acts as crucial overlap support, […]

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UK GDP Data and Euro Area Industrial Production Figures on Today’s Menu

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02/04/2024

Australian Central Bank Meeting Removes Rate Hike Option – Minutes

The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes. Reserve Bank drops reference to rate hike The RBA maintained the cash rate at 4.35% at […]
08/12/2023

Bitcoin 2024: The Story Is Cyclical

In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve’s key interest rates and Bitcoin can be a game-changer. As a trader, it’s crucial to grasp how these seemingly disparate elements interact, influencing investment strategies and market movements. Is this a definite coincidence? Absolutely not! The Federal Reserve’s key rate, […]
18/03/2024

Get Ready to Rumble – Central Bank Week is Here

In focus today In the euro area, we will keep an eye on the final inflation data for February. The final HICP figures provide insights into the underlying inflation measures tracked by the ECB, while also revealing drivers behind the relatively strong core inflation print in February. Overnight, the Bank of Japan concludes a two-day […]