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Markets The ECB’s unanimous back-to-back rate cut brought the deposit rate to 3.25% today. This third rate reduction came earlier than analysts and the ECB itself expected in the days after the September 12 policy meeting. “The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also […]

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23/10/2024

USD/JPY Outlook: Advances 1% on Wednesday Morning

Strong acceleration higher in Asian / early European trading on Wednesday (the pair was up 1%) pushed the USDJPY’s price to new multi-week highs, last traded in late July. Recent break of psychological 150 barrier was followed by emerge from thick daily Ichimoku cloud and lift above next pivot at 150.76 (100DMA / 50% retracement […]
08/10/2024

USD/CHF Technical Outlook: Confluence Area Hints at Bullish Breakout

USD/CHF is poised for a potential bullish move following a recent breakout, supported by a confluence of technical and fundamental factors. The Swiss National Bank’s preference for a weaker CHF and the repricing of Fed rate cut expectations contribute to the bullish outlook. Upcoming US CPI and PPI data releases could further fuel the USD […]
12/04/2024

EURGBP Wave Analysis

EURGBP reversed from resistance level 0.8585 Likely to fall to support level 0.8500 EURGBP currency pair recently reversed down from the pivotal resistance level 0.8585 (which has been reversing the price from February). The resistance level 0.8585 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse […]