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Markets “I would warn against moving too far, that is into accommodative”. ECB Executive Board member Schnabel broke ranks with the dovish current inside the central bank in place since this summer. Given the inflation outlook, Schnabel thinks that the ECB can gradually move toward neutral if incoming data continue to confirm the ECB’s baseline […]

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19/11/2024

Bitcoin Aiming for $110K

Market Picture The cryptocurrency market is down 0.5% in 24 hours to $3.08 trillion. The market has paused after rallying since the end of last week. Ethereum and Litecoin have pulled back from recent highs, while XRP is stabilising. Bitcoin and Solana are hovering near recent highs and are getting ready to update them. As […]
29/07/2024

Gold Bent But Not Yet Broken

Gold came close to closing lower for the second week in a row, falling to $2372 per troy ounce on Friday morning, $111 below its high on July 17th. This decline occurred in two impulses, with an intermediate correction in between, and fits within a 61.8% Fibonacci retracement pattern from the initial decline. The extension […]
05/07/2024

Bitcoin (BTCUSD) Found Sellers After Elliott Wave Zig Zag Pattern

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Bitcoin ( BTCUSD). As our members know, Bitcoin is correcting the cycle from the 25068 low, and we have been predicting a price decline. Recently, we observed a bounce against the June 7th peak. This […]