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Markets The Bank of England was one of the three central bank highlights today. The Norges Bank and the Swiss National Bank outcomes are in the section down below. Threadneedle Street kept the policy rate unchanged at 5.25% in a 7-2 vote with two members voting for a cut (Dhingra and Ramsden). The policy statement […]

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25/07/2024

Elliott Wave Intraday Analysis: Ethereum (ETHUSD) Pullback In Progress

Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811 low as double three structure against November-2022 low. Above ((4)) low, it ended wave (1) rally at […]
30/07/2024

US 100 Index Stops at Uptrend Line; Positive Risks Not Faded Yet

US 100 heads up, standing beneath short-term rising trend line Stochastics point north above oversold region RSI ticks higher below 50 level The US 100 (cash) index had a strong pullback off the 18,715 support, failing to extend its dive from the all-time high of 20,775 below the long-term ascending trend line. Technically, the stochastic oscillator is […]
14/12/2023

Bank of England Hawks Extend the Pound’s Rally

The Fed’s dovish attitude, for now, hasn’t extended too far into Europe. The Bank of England kept its key rate unchanged at 5.25%, with three of the nine members voting in favour of a quarter-point hike. In a commentary on the decision, the Bank of England emphasised that it is not yet certain that inflation […]