Weekly Economic & Financial Commentary: Rate Cut at Sept. 18 FOMC Meeting, 25 bps or 50 bps?

Markets After the Swiss National Bank (March), the Swedish Riksbank (May) and the Bank of Canada (yesterday), the ECB today is the next in line among central banks from developed economies to reduce policy restriction. It cut its policy rates by 25bps, bringing the deposit rate from 4.0% to 3.75%. ECB assesses that the dynamics […]

Key Highlights Bitcoin price declined over 20% and even crashed below $50,000. BTC traded below a key bullish trend line with support at $67,500 on the 4-hour chart. USD/JPY tumbled and declined below the 145.00 support. Oil prices declined further and traded below $74.20. Bitcoin Price Technical Analysis Bitcoin price started a fresh decline after […]

Gold price edged higher in early Wednesday’s trading after softer than expected US retail sales numbers improved the sentiment on fresh expectations for Fed rate cut this year. The price is holding near pivotal barrier at $2341 (recent range ceiling /top of ascending daily Ichimoku cloud), which caps for the eighth consecutive day. Technical studies […]