The EUR/USD pair recently found support near the 1.0825 zone after a slight correction from the 1.0950 level. The price has managed to clear a bearish trend line resistance at 1.0860, indicating a potential upside movement. The pair tested the 1.0825 support level and remained above the 200 simple moving average on the 4-hour chart.
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The Bank of England’s Chief Economist, Huw Pill, recently adopted a hawkish tone, raising concerns about services inflation and wage growth showing ‘uncomfortable strength’. This sentiment was also echoed by Jonathan Haskel, an external member of the Monetary Policy Committee (MPC), who emphasized a higher-for-longer stance on worries that a ‘tight and impaired’ labor market
Central banking may not be the most glamorous profession, but according to departing Swiss National Bank Chairman Thomas Jordan, being prepared to be labeled as boring could be the key to success. In a recent interview, Jordan defended his record at the central bank, emphasizing the importance of focusing on the job at hand and
Recently, six major banks, including Bank of America, Citigroup, Jefferies, NatWest, Nomura, and UBS, agreed to settle antitrust litigation in New York by paying $80 million. The litigation accused them of colluding to manipulate prices of European government bonds. The alleged collusion took place between 2007 and 2012, according to investors led by public pension
The gold price has been struggling as it continues to lose ground for the second consecutive day, reaching a two-week low. This decline can be attributed to technical selling, which has put pressure on the precious metal. However, the extent of the downward movement is expected to be limited. Additionally, the upcoming September Fed rate
When it comes to financial investments, it is crucial to understand the risks involved and to conduct thorough due diligence before making any decisions. The content provided on various platforms, including news websites and publications, may offer personal analysis and opinions that are intended for educational and research purposes. However, it is essential to remember
U.S. Treasury yields experienced a slight dip as investors carefully considered the economic outlook in anticipation of crucial data releases. The upcoming second-quarter GDP figures and June’s personal consumption expenditures price index are eagerly awaited, as they serve as the Fed’s preferred inflation gauge. These reports could offer valuable insights into the potential monetary policy
The Small and Medium-sized Enterprises Index (SMEI) experienced a significant rebound in July, reaching 50.4, according to economists Hunter Chan and Shuang Ding from Standard Chartered. This uptick came as a result of improvements in expectations and credit conditions within the market. After a minor setback in June when it dipped to 49.9, SMEI returned
Upon analyzing the Australian Stock Exchange (ASX) with a focus on COCHLEAR LIMITED – COH, it is evident that wave ((4)) – navy has been identified as a Triangle, indicating a potential upward movement in wave ((5)) – navy. The 1D Chart (Semilog Scale) analysis further supports this observation, highlighting the Major trend (Primary degree,
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. Relying solely on the information provided by third parties or market makers can be risky. It is important to apply your own discretion and consult with competent advisors before taking any action. The information available on various websites may
Ukraine recently announced a preliminary deal with a bondholder group to restructure a significant amount of debt, totaling $19.7 billion. This agreement, which is still subject to approval by bondholders, includes several key aspects that could have a significant impact on the country’s financial future. One of the main elements of the deal is a
The reaction from Nataxis Asia Pacific Chief Economist Alicia Garcia Herrero to China’s Third Plenum and press conference was overwhelmingly negative. She criticized the lack of change in direction and the absence of any mention of the power of market forces. This disappointment reflects a lack of confidence in China’s ability to shift towards consumption-led