by OverviewFX | Aug 20, 2024 | Forex
In its latest monthly report, Bundesbank cautioned that inflation is expected to “temporarily increase” towards the end of the year. This uptick is anticipated as the currently negative inflation rates for energy turn positive, and the depressed profit margins for...
by OverviewFX | Aug 20, 2024 | Forex
The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. How soon ? Probably in September? By how...
by OverviewFX | Aug 20, 2024 | Forex
Market Commentary Markets Last week’s directional moves on key markets were extended yesterday in absence of any guidance coming from eco data or central bankers. Core bond yields fail to recover from the early August setback with daily changes in the US ranging...
by OverviewFX | Aug 20, 2024 | Forex
GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some...
by OverviewFX | Aug 20, 2024 | Forex
The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency pairs have approached critical...
by OverviewFX | Aug 20, 2024 | Forex
The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices,...
