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In focus this week Today, the US election takes place and is the major highlight of the week. Over the weekend, Harris’ odds in prediction markets have risen sharply, but swing state polls continue to signal a very close race. Michigan, Wisconsin and Pennsylvania are the most likely tipping points of the election. Tomorrow morning, […]

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17/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: Stubborn Inflation Refuses to Back Down Market participants last week were keenly focused on inflation data from the US. The FOMC (Federal Open Market Committee) meeting of the Federal Reserve is scheduled for Wednesday, 20 March, and these figures will undoubtedly influence the Committee’s decision on interest rates. Federal Reserve Chairman Jerome Powell recently […]
10/10/2024

After Some Hesitation, Dollar Gradually Regaining Traction

Markets Yesterday’s risk-on sentiment, Fed comments and the release of the Minutes of the Fed September meeting all contributed to a gradual, but protracted intraday uptrend in US yields. They closed higher between 7.1 bps (5-y) and 4.7 bps (30-y). Fed comments (Daly, Logan) suggest most governors see inflationary pressures receding while risks to employment […]
31/05/2024

USD/JPY Stays Strong: Support Levels Hold Firm

Key Highlights USD/JPY started a downside correction from the 157.70 zone. A major bullish trend line is forming with support at 156.00 on the 4-hour chart. Gold prices are consolidating above the $2,320 support zone. Bitcoin price could aim for a move above the $70,000 level. USD/JPY Technical Analysis The US Dollar started a major […]