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Ethereum: ⬆️ Buy Ethereum rising inside impulse wave (3) Likely to rise to resistance level 5000.00 Ethereum continues to rise inside the sharp upward impulse wave (3), which previously broke the resistance zone between the resistance level 4400.00 and the resistance trendline of the daily up channel from June. The breakout of this resistance zone […]

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Gold’s (XAU/USD) Recovers to $3350/oz After Mixed CPI Reaction. What Next?

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16/04/2024

Higher Energy Prices Masked Another Downside Canadian Inflation Surprise in March

Canadian CPI growth ticked up to 2.9% year-over-year in March from 2.8% in the prior month, thanks to higher energy prices. Despite the rise, details in the report continue to point to price pressures broadly unwinding. Trends in food and energy inflation continue to diverge. Food CPI growth slowed further to 3% with grocery inflation […]
09/07/2024

GBP/USD Outlook: Bulls Pause ahead of Powell

Cable is holding within a narrow range under new multi-week high during European trading on Tuesday, as markets await today’s key event – the testimony of Fed Chair Powell. Long upper shadow of Monday’s daily candle and overbought conditions on daily chart suggest that bulls may take a breather at 1.2800 zone (also Fibo 76.4% […]
13/12/2024

ECB Lowered Interest Rates by 25bp as Widely Expected

In focus today In the euro area, we receive data on industrial production from October, which will give the first hard data point for production in Q4. Industrial production has been on a negative trend for two years without any sign of stabilisation. Statistics Sweden publishes the latest labour force surveys outcome at 8:00 CET. […]