BTCUSD Explodes to More Than 2-Year High

The minutes from the December 12-13, 2023 Federal Open Market Committee (FOMC) meeting reiterated that quelling price pressures remains of paramount importance for the Fed. On the current economic backdrop, Committee members noted that “after stronger than expected growth of real GDP in the third quarter, recent indicators suggested that growth in economic activity had […]

Markets US invertors returning after Wednesday’s Juneteenth holiday found some disappointing, admittedly mostly second tier, US data (jobless claims at a high 238k, housing starts and permits declining and the Philly Fed business outlook unexpectedly easing). US bond markets didn’t take notice. Yields even regained slightly ground rising between 2.5 bps (2-y) and 4.2 bps […]

EURJPY reversed from support area Likely to rise to resistance level 172.95 EURJPY currency pair today reversed up from the support area located between the pivotal support level 170.95 (which stopped the pair in April and May), lower daily Bollinger Band, 50% Fibonacci correction of the upward impulse from June and the support trendline of […]