Bitcoin tumbles to its lowest since February as downside momentum intensifies
The signs were already building yesterday, with sellers testing the waters below the 200-day moving average (blue line). That is eventually leading to a break of the May low today…
Read More »Is a rate hike back on the menu for the RBA?
Australia weighted CPI YY 4.0% vs 3.8% expected AUDUSD pops higher after hotter than expected CPI data In their latest policy decision here, the RBA continues to put out the…
Read More »A light one on the data docket to start the new week
Things are moving slower to start the new week, with major currencies keeping in tight ranges. But if anything else, do keep an eye out for USD/JPY as it continues…
Read More »UK inflation the main highlight of the agenda today
Major currencies are looking rather muted and understandably so. Today will be more of a placeholder trading day with it being a US holiday. That makes for kind of a…
Read More »RBA leaves cash rate unchanged at 4.35%, as expected
Prior 4.35% Inflation has fallen substantially since its peak in 2022 Conditions in the labour market eased further over the past month But it is tighter than is consistent with…
Read More »BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker
BOJ may raise rates to 0.5% by end of next year That is if economy and prices move in line with forecasts BOJ likely to forgo raising rates in July…
Read More »UBS now sees the Fed only cutting interest rates in December
According to UBS: “The data is going to need to change a lot of minds to bring people back to cutting in September, and start doing so in the next…
Read More »The “crypto president” says he wants all remaining Bitcoin “to be made in the US”
And he’s now saying that he wants all remaining Bitcoin “to be made in the US”, whatever that means. He’s probably trying to promote the idea that he will be…
Read More »Far-right movement makes waves in Europe over the weekend
The French president decided to call a snap election in a last ditch effort to try and salvage the situation. Marine Le Pen’s National Rally faction looks set to win…
Read More »Dollar faces pressure as data talks once again
The report here was softer than estimated, with prices paid also easing back from April. The positive for the dollar? Employment conditions are still holding up well but that’s about…
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