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US inflation came in parallel to expectations, confirming that headline inflation in the US stagnated near 0.3% level for a third month, the yearly figure rebounded from 2.4% to 2.6% as expected, while core inflation remained stuck at 3.3%. The difference between the headline and core inflation comes from weak oil prices, which help tame […]

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04/12/2023

Bitcoin Surpasses $40,000 Per Coin

December begins extremely optimistically for the cryptocurrency market, resembling: → December 2020, when bitcoin grew by 46.9%; → December 2017, when bitcoin grew by 38.9%; → December 2016, when bitcoin grew by 30.8%. If there are psychological patterns in the increase in demand on the eve of the holidays, then perhaps they come into force, […]
10/07/2024

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish […]
28/05/2024

GBP/USD Gains Momentum: Currency Pair on the Rise

Key Highlights GBP/USD is gaining bullish momentum above the 1.2700 zone. A key rising channel is forming with resistance at 1.2785 on the 4-hour chart. Gold price found support near the $2,320 zone and might attempt a fresh increase. Bitcoin price could rally if it clears the $72,000 resistance zone. GBP/USD Technical Analysis The British […]