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US headline inflation fell to 3.1% as expected, thanks to an almost 9% fall in gasoline prices since last year, although shelter inflation – which is where everyone sees the biggest potential for easing – remained sticky yet another month. Core inflation eased to 4% on a yearly basis, BUT headline inflation was slightly higher-than-expected […]

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GBP/USD Dips While USD/CAD Could Extend Gains

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19/07/2024

Week Ahead – Flash PMIs, US GDP and BoC Decision on Tap

US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar suffered during the first half of the […]
17/07/2024

EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff

Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively. EU services inflation remains persistently high and is unlikely to decrease significantly in the near future. A challenge for the ECB? EUR/USD is approaching a key resistance zone around 1.0950 ahead […]
11/03/2024

Ethereum (ETHUSD) : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of ETHUSD published in members area of the website. As our members know Ethereum has given us 3 waves pull back recently that found buyers right at the Blue Box ( Buying Area). We have been […]