Market Analysis: Crypto Retracement Likely as Bitcoin Gets Rejected
So in my previous analysis, I personally thought Bitcoin would fall towards $52,000 as there was a massive air pocket in volume...
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Stable Fed, Slow UK Disinflation Boost GBP/USD
Source: Refinitiv USD: June Retail Sales and the Fed's Dovish Outlook The June US retail sales report came in stronger than anticipated,...
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Triangles Everywhere in The Market With Dovish Fed Speech
Fed Chair Jerome Powell gave a speech yesterday at the Economic Club of Washington, presenting a dovish tone to investors. He said...
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Soft CPI Data Drives Dollar Lower
Sources: Fred | St Louis Fred In yesterday's trading session, the markets reacted positively to the release of the Consumer Price Index...
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Dovish Tone in Fed Chair Powell’s Testimony Creates Optimism
On July 9th, 2024, Jerome Powell spoke before the Senate Banking Committee in Washington, DC. While Powell stated that more data is...
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NFP Release Today: Anticipation of Decline and S&P 500 Impact
The eagerly awaited Non-Farm Payrolls (NFP) data for June is set to be released today, with expectations pointing to a significant drop...
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FOMC Meeting and Eurostat Flash Core CPI Estimate Set to Reveal Key Insights
There are two major news coming today which could shake up EURUSD and the DXY if things do not go as expected....
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ISM Manufacturing PMI: July 2024 Expectations and Implications for the U.S. Economy and EUR/USD
ISM Manufacturing PMI for June 2024 The ISM Manufacturing PMI for June 2024 was reported at 48.7, indicating a contraction in the...
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Nvidia and Nasdaq: Market Recovery or Dead Cat Bounce?
Last week, Nvidia's CEO sold $95 million worth of NVDA shares from June 13-21, marking the first time in nine weeks that...
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Analysing U.S‘ CB Consumer Confidence and Canadian CPI MoM for USD/CAD
Today, two significant economic events are set to impact the financial markets: the release of the Conference Board (CB) Consumer Confidence Index...
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Negative Economic News for Eurozone Ruffles the Markets
As the Eurozone gets battered by a slew of negative economic news, the Euro takes a slump to the downside. This drop...
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BoE Holds Interest Rate Steady at 5.25%, Signalling Cautious Optimism
Inflation Target Achieved but Rates Unchanged On June 19, 2024, the Bank of England (BoE) decided to maintain its Bank Rate at...
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