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DXY: The DXY (US Dollar Index) chart currently exhibits an overall bullish momentum. However, there is a potential scenario for price to drop towards the 1st support before resuming the uptrend. The 1st support level at 103.06 is identified as an overlap support that aligns close to the 23.60% Fibonacci retracement level. Further below, the […]

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10/12/2023

Forex and Cryptocurrencies

EUR/USD: Continuation of the Rate War The labour market and inflation: these are the factors that Central Banks closely monitor when making decisions regarding monetary policy and interest rates. It is sufficient to recall the significant shift that occurred after the publication of October’s inflation data in the United States. In November, the dollar weakened […]
30/05/2024

EUR: German CPI Leaves Euro Weaker

Germany’s inflation rate is expected to be 2.4% in May 2024, measured by the year-on-year change in the consumer price index (CPI). Consumer prices are anticipated to rise by 0.1% compared to April 2024. Core inflation, excluding food and energy, is projected at 3.0%. Despite the removal of the energy price brake, a higher carbon […]
25/05/2024

Canadian GDP Per Capita Likely Shrunk for Seventh Consecutive Quarter in Q1

The Canadian economy likely grew more quickly in Q1 2024 based on headline figures, but it was not fast enough yet again to keep up with surging population growth. That means gross domestic product on a per-person basis contracted for a seventh consecutive quarter. We look for an annualized 2.5% increase in Q1 GDP from […]