Day: February 10, 2024

The latest data on the American economy show that it is growing significantly faster than previously thought: over the past two weeks, the estimate of the quarterly GDP growth rate, calculated by the New York Federal Reserve, has been revised upwards by almost 1% – from 2.42% to 3.31%: This reassessment was driven by four […]

Crude Rallying This Week Crude futures are trading around 7% higher on the week currently. The market has reacted sharply to news that Israel has rejected Hamas’ ceasefire offer with crude jumping around 3.6% yesterday. News of the ceasefire being rejected was accompanied by a heavy bombing onslaught on the city of Rafah. Traders are […]

TitleEURGBP H4 | Bullish breakout TypeBullish Breakout Preference:EURGBP is rising to the pivot at 0.85452, the overlap resistance that coincides closely with the 61.8% Fibonacci retracement. Price could break this level and rise to 1st resistance at 0.85703, the overlap Alternative scenario: The price might reverse and fall to 1st support at 0.85171, the pullback […]

Hawkish ECB Commentary EUR bulls received a bit of a boost this week with ECB’s Holzmann telling reporters today that rate cuts are not guaranteed. Holzmann, who is among the more hawkish of the ECB, warned that due to remaining inflationary risks there is a chance that rates remain on hold this year. Traders have […]

BTC Pushing Higher Bitcoin prices are looking much more constructive this week. Following a period of stagnation last week, the leading crypto coin has been on the march north this week and is now close to retesting the current YTD highs around 49360. Indeed, following a sharp correction lower from those current highs, BTC futures […]