US 100 Index Stops at Uptrend Line; Positive Risks Not Faded Yet

The Bank of Canada cut the overnight rate to 4.50% (from 4.75%), while stating that it will continue with Quantitative Tightening (QT). The Bank outlined a relatively dovish take on the economy, stating that “…the economy’s potential output is still growing faster than GDP, which means excess supply has increased. Household spending, including both consumer […]

RBA interest rate expected to remain unchanged Sticky inflation and economy’s uncertainty still a concern Aussie holds in downward channel ahead of Tuesday’s decision at 04:30 GMT Australia’s uncertain economy and sustained inflation The Reserve Bank of Australia (RBA) is scheduled to announce its June policy decision early on Tuesday, likely maintaining the central bank’s agenda. The policymakers had anticipated that their responsibilities would […]

Market Picture Over the past 24 hours, the cryptocurrency market has rallied 1.6% to $2.08 trillion, but in the past few hours, there has been a sell-off from a high of $2.15 – roughly the midpoint of the past 30 days’ range. Although cryptocurrency prices are higher on average than the previous day, there is […]