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Markets No surprise from the ECB today as the central bank kept its deposit rate unchanged at 4%. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. New staff projections show downward revisions to inflation forecasts this (5.4% from 5.6%) and next (2.7% from 3.2%) […]

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11/09/2024

Elliott Wave Update: USD/JPY Moving into 138.00-140.00 Zone

USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now falling sharply and impulsively through the lower trendline support and straight, all the way down to the starting point of the wedge pattern, […]
22/03/2024

AUD/USD and NZD/USD Signal More Losses

AUD/USD declined below the 0.6575 and 0.6550 support levels. NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6600 level against the US Dollar. There was a break below a connecting bullish trend […]
03/08/2024

Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now

Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession, or about to break yet another recession rule this unique cycle. […]