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Markets We have a big day and big week ahead in terms of eco data and central bank speeches. EMU headline inflation (tomorrow) is on track to drop below the ECB’s 2% inflation target for the first time since June 2021 following downward surprises in French and Spanish readings end last week. German figures are […]

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09/07/2024

Crypto Bargain-Hunters Are Back

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before we can say that the bear attack has been […]
09/05/2024

AUDJPY Wave Analysis

AUDJPY reversed from support area Likely to rise to resistance level 103.00 AUDJPY currency pair recently reversed up from the support area lying between the round support level 100.45 (former strong resistance from April), 20-day moving average and the 50% Fibonacci correction of the upward impulse from February. The upward reversal from the support level […]
18/06/2024

Brent Oil Has Risen in Price: Reliance on Stock Market Demand Has Worked

The commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD. The main support factor currently is the improving prospects for global demand. Additionally, there are expectations that global oil producers will […]