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Markets This morning we wrote: “The dollar holds the better cards against both the euro and the pound. EUR/USD is nearing the 1.07 pivot again and GBP/USD holds close to 1.25 this morning. Which will break first?” Well, both, it turned out. A clearer than ever divergent path between the Fed and ECB specifically weighs […]

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NZ Dollar Slips as Manufacturing Softens

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The Weekly Bottom Line: One Hundred Days into 2024, Rate Cuts Remain on the Horizon

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26/01/2024

Bitcoin (BTCUSD) Looking for Support Soon

Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests it is currently doing a pullback starting from 1.11.2024. The decline is taking the form of a zigzag Elliott Wave structure. Down from 1.11.2024 high, wave A ended at 41339 and wave B rally ended at 43577.69 as the 1 hour chart below shows. Wave C […]
09/12/2023

ECB Preview: From How High to How Long

At next week’s policy meeting we expect the ECB to guide towards a more neutral policy outlook for the near term as we expect the ECB to virtually rule out the possibility of a further rate hike. That would mark the beginning of the end of the 4% policy rate level. This follows on the […]
18/01/2024

EURUSD Finds Support at the 200-day SMA

EURUSD had been rangebound before sliding lower But the retreat ceases at the 200-day SMA Momentum indicators remain tilted to the downside EURUSD had been trading sideways since the beginning of the year following its pullback from the December high of 1.1138. The pair spiked lower on Tuesday, but the congested region that includes the 200-day […]