myway1985

"Before cutting interest rates, we must be convinced based on data that inflation will actually reach our target in a timely and sustained manner," European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Tuesday. "If the favourable inflation outlook from March is confirmed

The S&P 500 has recorded three consecutive weekly losses since its recent all-time high level of 5,265 printed on 28 March 2024. Last week’s decline of -3.05% was its worst weekly performance since early March 2023. A clear break below its upward-sloping 50-day moving average put its medium-term

Recent political developments have created a sense of uncertainty in financial markets, particularly regarding the situation in the Middle East. Reports confirm that Israel has carried out an attack on Iran, which caused an explosion in Isfahan. The initial reports suggested that the explosion happe

GBP/USD loses traction around 1.2430 amid the firmer US dollar on Friday. The Fed’s hawkish comments boost the Greenback against the GBP. BoE’s Greene said rate cuts were not imminent and that inflation remains too high. The GBP/USD pair remains on the defensive near 1.2430 during the early Asian se

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NVDA. We presented to members at the elliottwave-forecast. In which, the rally from 03 January 2024 low unfolded as an impulse structure and showed a higher high sequence favored more ups

The Canadian dollar is down for a fifth straight day and has slipped 1.9% during that time. In the North American session, USD/CAD is trading at 1.3840, up 0.37%. Canada’s inflation rises to 2.9% Canada’s inflation rate for March rose to 2.9% y/y, ticking up from 2.8% in February and above the marke

Poland's consumer price inflation moderated slightly less than initially estimated in March to the lowest level in five years, the latest data from Statistics Poland showed on Monday. The consumer price index climbed 2.0 percent year-over-year in March, slower than the 2.8 percent increase in Februa

AUD/USD stages a modest recovery from a two-month low touched on Friday. The uptick seems unaffected by the Iranian attack on Israel over the weekend. Reduced Fed rate cut bets favor the USD bulls and should cap gains for the pair. The AUSD/USD pair attracts some buyers on the first day of a new wee

Sterling ended the week considerably lower against the US dollar, recording its largest one-week decline since July 2023 (-1.5%). In light of the slew of UK economic data on the docket this week—wages, CPI inflation and retail sales—this will be a particularly key market to monitor. Monthly resistan