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Markets ECB’s Lagarde made a strong case yesterday when promoting a bigger, international role for the euro while that of the US dollar is gradually waning. Her long-term call needs to see the remaining stumbling blocks resolved first, including fragmented capital markets. It also means the short-term impact of an otherwise interesting speech is limited. […]

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AUD/USD and NZD/USD Face Pressure, Dip Again

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09/06/2024

Forex and Cryptocurrency Forecast

EUR/USD: Who Controls the Financial Market It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders are […]
05/05/2025

Oil Tumbles on OPEC+ Decision to Accelerate Output Restoration

The week begins with a sharp decline in oil prices – around 4% at the time of writing – as OPEC+ announced it would accelerate output restoration by 411K barrels per day, taking the total hike for April, May, and June to nearly 1mbpd, almost half of the 2.2mbpd cuts put in place since October […]
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Dollar Index (DXY) Faces Continued Downtrend in Elliott Wave Bearish Pattern

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