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EUR/USD: US Economy Delivers Surprises The two most significant events last week occurred on Thursday, January 25. On this day, the European Central Bank (ECB) held a meeting, and preliminary GDP data for the US for Q4 2023 was published. As expected, the ECB left the key interest rate unchanged at 4.50%. The regulator also […]

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20/08/2024

The Sweet Soft-Landing Spot

The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. How soon ? Probably in September? By how much? Probably a reasonable 25bp? […]
04/01/2024

Gold (XAUUSD) Might See Larger Degree Correction

GOLD (XAUUSD) shows a bullish sequence from September 2022 low favoring further upside. The rally higher from 09.28.2022 is unfolding as Elliott Wave leading diagonal. Up from 09.28.2022 low, wave ((1)) ended at 2081.82 and pullback in wave ((2)) ended at 1810.58 low. Wave ((3)) finished at 2147.53 high as the 1 hour chart below […]
25/04/2024

Japanese Yen Moved Beyond USD/JPY 155 for the First Time Since 1990

Markets Core bonds drifted away again yesterday. In the US, Treasuries reversed Tuesday’s (disappointing) PMI-induced spike higher. Weakening demand and a slight tail at the US Treasury’s record $70bn 5-yr Note sale kept UST’s near intraday lows going into the close. The longer end of the curve underperformed with the front end locked in the […]