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In focus today From the US, the December PPI data will provide markets with an early sense of what to expect when the key December CPI is released tomorrow afternoon. We will also keep an eye on the NFIB’s December small business optimism index after a notable uptick in November following the election results. In […]

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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% […]
04/04/2024

Rate Decision in Poland

In focus today In the euro area, we receive February PPI data. In Poland, the Polish central bank wraps up its two-day monetary policy meeting. We expect an unchanged policy rate at 5.75%, in line with consensus. In Switzerland, inflation for March is published at 8.30 CET. In Sweden, Riksbank Minutes are released 09.30 CET. […]
18/01/2024

Bitcoin Price Turns Red And Could Revisit $40K

Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]