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Markets The ECB kept its policy rates unchanged. A few members were already inclined to lower rates, but they eventually rallied behind the consensus. In it policy statement, the central bank altered its forward guidance preparing for a likely policy rate cut in June. “If the Governing’s Council’s updated assessment of the inflation outlook, the […]

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US Dollar Strengthens Following High Inflation Data

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ETHUSD Finds Support at 50-day SMA

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22/02/2024

NZDJPY Hits Nine-Year High as Bullish Run Continues

NZDJPY extends bullish streak above 92.00 level Bulls remain firmly in control Overbought signals begin to flash red NZDJPY has been recording fresh highs all week and scaled a nine-year high of 92.98 earlier on Wednesday. The momentum indicators suggest that the bullish bias isn’t likely to fade in the near term. However, both the […]
03/05/2024

Happy Jobs Friday

Sentiment is not bad for a week which confirmed that the Federal Reserve (Fed) won’t cut the interest rates anytime soon. Stocks rebounded and yields fell yesterday, the S&P500 kept floor above the 5000 psychological mark, Nasdaq 100 jumped 1.30% as the US 2-yer yield slipped below 4.90% despite data showing a bigger than expected […]
19/06/2024

AUDCAD Bulls Stay in the Driver’s Seat

AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of […]