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Markets ECB executive board member Schnabel is the first to suggest that the direction of travel (of monetary policy) is not so clear anymore. She thinks that Frankfurt nears the point where it should start the discussion on pausing or halting rate cuts. Schnabel pointed out that an April rate cut is no longer fully […]

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07/01/2025

Nasdaq-100 Wave Analysis

Nasdaq-100 reversed up from support zone Likely to rise to resistance level 21855.00 Nasdaq-100 index recently reversed up from the support zone located at the intersection of the support level 20820.00 (low of the previous minor correction 2), support trendline of the daily up channel from September, 61.8% Fibonacci correction of the upward impulse from […]
10/04/2024

All Eyes Turn to US March CPI Today

Markets The payrolls-effect on core bond yields faded ahead of the important US CPI figures scheduled for release today. US Treasuries recovered, pushing yields between 4.7 and 6.2 bps lower. German rates dropped 3.9 (2y) to 7 bps (30y) with the ECB’s Bank Lending Survey strengthening the case for a June rate cut. That said, […]
30/11/2023

USDJPY Shows Incomplete Elliott Wave Bearish Sequence

USDJPY shows incomplete bearish sequence from 11.13.2023 suggesting further downside. Down from 11.13.2023 high, decline is unfolding as a double three Elliott Wave structure. Down from 11.13.2023 high, wave (W) ended at 147.15. Wave (X) ended at 149.78 with internal subdivision as a double three in lesser degree. Up from wave (W), wave W ended […]