AUD/USD and NZD/USD Could Recover In Short-Term

Key insights from the week that was. It was a relatively quiet week in Australia, with the June Labour Force Survey the only market sensitive date release. The main surprise in the report was labour supply’s strength, evinced by the participation rate printing its second-highest read for the cycle at 66.9%. The level of employment […]

As widely expected, the European Central Bank (ECB) announced a 25bp rate cut when it met yesterday, but raised its inflation target for this and the next year, warned that the road for easing inflation could be bumpy, and ruled out a July rate cut. The market no longer prices a full rate cut by […]

According to the BTC/USD chart, Bitcoin’s price reached $68,000 in mid-October, a level not seen since late July. Can this upward momentum continue? Jeff Kendrick, head of digital asset research at Standard Chartered Bank, predicts that Bitcoin could rise to $73,800 before the US presidential elections in November, which would mark a new all-time high. […]