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EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. EUR/USD’s retreat from 1.0921 extends lower today but stays well above 1.0805 support so far. Intraday bias remains neutral first. Some more consolidations would be seen but further rally is in favor. Firm...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2955; (P) 1.2975; (R1) 1.2988; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.2994 temporary top. But further rally is expected as long as 1.2859 resistance turned support holds. Above 1.2994 will resume the rally from...

New Balance, WNBA sign multiyear partnership

New Balance, WNBA sign multiyear partnership

Cameron Brink #22 of the Los Angeles Sparks plays defense against Bridget Carleton #6 of the Minnesota Lynx on June 5, 2024 at Crypto.com Arena in Los Angeles, California. Juan Ocampo | National Basketball Association | Getty ImagesNew Balance on Tuesday announced a...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8937; (P) 0.8955; (R1) 0.8975; More… Intraday bias in USD/CHF stays neutral first. Another fall is mildly in favor with 0.9000 resistance intact. Below 0.8914 will bring retest of 0.8825 low. However, break of 0.9000 will turn bias back to the...

6 categories cheaper today than before pandemic

6 categories cheaper today than before pandemic

It's the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation.So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be...

eToro moves LUNA token to close-only status

eToro moves LUNA token to close-only status

Following the notice sent by the Terra foundation, online broker eToro will be moving the LUNA token to close-only status. This will go into effect on July 17, 2024, at 09:00 GMT. “Terraform Labs has announced that the General Bar Date for filing claims in the Chapter...

Canadian Inflation Eases, But Details a Mixed Bag

Canadian Inflation Eases, But Details a Mixed Bag

Headline CPI inflation decelerated in June to 2.7% year-on-year (y/y), right on consensus expectations and below last month’s 2.9% y/y print. The deceleration was led by gasoline prices, which dropped 3.1% month-on-month (m/m), compared to the +5.6% m/m gain last...

Kiwi Coming into Strong Support Ahead of Inflation Data

Kiwi Coming into Strong Support Ahead of Inflation Data

NZDUSD is coming out of consolidation, suggesting that the price action since the start of July was a triangle in wave B. Therefore, the whole retracement from June 12th is much more complex and deeper but still has a corrective shape. It looks like we are just...

Webull UK adds savings, bank transfers

Webull UK adds savings, bank transfers

Online trading firm Webull has increased its neobroker/neobank dual offering in the UK, with Webull UK announcing the launch of Webull Savings, an offering that provides users with access to a marketplace of savings accounts and the ability to move funds quickly...

USD/CAD Steady After Canadian CPI, US Retail Sales

USD/CAD Steady After Canadian CPI, US Retail Sales

The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing. Canada’s CPI lower than expected Canada followed the US and posted a better-than-expected inflation...

ECB Could Disappoint Expectations for a Dovish Shift

ECB Could Disappoint Expectations for a Dovish Shift

ECB meets with near zero chances for a rate cut ECB members continue to disagree about the rates outlook A dovish shift looks unlikely as the focus rests with the Fed Euro showing unexpected strength despite political unrest ECB meets but all eyes remain on the US The...

Gold’s Astounding Rally and the Challenges Ahead

Gold’s Astounding Rally and the Challenges Ahead

Gold gains around 18% year-to-date But is it time for the uptrend to cool down a bit? Even if so, the broader outlook remains positive Gold shines bright Gold had a great year-to-date performance, gaining around 18% and hitting a record high of 2450 on May 20. As...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets Global core bonds gained some ground going into today’s main dish, US retail sales. UK gilts slightly outperformed Bunds and Treasuries as markets gear for tomorrow’s June CPI numbers. A further easing on all accounts is expected but the sub 2% drop in the...

Welsh First Minister Vaughan Gething steps down

Welsh First Minister Vaughan Gething steps down

First Minister of Wales Vaughan Gething gives a speech during King Charles III and Queen Camilla visit to the Senedd in Cardiff, to mark its 25th anniversary on July 11, 2024 in Cardiff, Wales. Wpa Pool | Getty Images Entertainment | Getty ImagesVaughan Gething said...

Set for fresh all-time highs? :: InvestMacro

Set for fresh all-time highs? :: InvestMacro

ASML ↑ over 40% year-to-dateShares could move 5.7% % ↑ or ↓ post-earningsMachinery bookings & forward guidance in focusTechnical levels – 1120 and 1000Shares of ASML have been on a tear this year, surpassing the $1000 and €1000 milestone across both...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 157.32; (P) 157.88; (R1) 158.57; More… Intraday bias in USD/JPY remains neutral for consolidations above 157.61. On the downside, break of 157.16 and sustained trading below 55 D EMA (now at 157.72) will bring deeper correction to 38.2% retracement...

MetaQuotes upgrades MQL5 Cloud Network infrastructure

MetaQuotes upgrades MQL5 Cloud Network infrastructure

Fintech company MetaQuotes has recently upgraded the entire MQL5 Cloud Network infrastructure to enhance its performance. New servers were added and existing ones were upgraded for better agent registration and task distribution. The network now operates through seven...

Canada CPI slows to 2.7% yoy in June, down-0.1% mom

Canada CPI slows to 2.7% yoy in June, down-0.1% mom

Canada’s CPI slowed from 2.9% yoy to 2.7% yoy in June. The deceleration was largely the result of slower year-over-year growth in gasoline prices, which rose 0.4% in June following a 5.6% increase in May. Excluding gasoline, the CPI rose 2.8% yoy. Looking at the core...

Marex opens new office in Auckland, New Zealand

Marex opens new office in Auckland, New Zealand

Global financial services platform Marex Group Plc (NASDAQ:MRX) has opened a new office in Auckland, New Zealand, as it expands its operations in Asia Pacific and extends its global environmental offering, aligned with its strategy to diversify its business and...

USD/JPY: May fall Further If US Retail Sales Miss in June

USD/JPY: May fall Further If US Retail Sales Miss in June

USDJPY remains in extended consolidation of last week’s sharp fall, sparked by US inflation data and intervention by Japanese authorities. Near-term action is holding above 55DMA (157.55) which repeatedly contained dips and marks solid support for now. Traders also...

Morgan Stanley (MS) earnings Q2 2024

Morgan Stanley (MS) earnings Q2 2024

Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley is set to report second-quarter earnings before the opening bell Tuesday. Here's...

Gold Nears Record High as Fed Rate Cut Looms

Gold Nears Record High as Fed Rate Cut Looms

Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered expectations of an impending...

Bank of America (BAC) earnings Q2 2024

Bank of America (BAC) earnings Q2 2024

CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms," in Hart Building on...

How Machine Learning Works Step by Step?

How Machine Learning Works Step by Step?

Machine learning is one of the most promising branches of science that has come into existence in recent times. Although the concept of machine learning is in its initial phase, it has shown immense potential as well as promise. Today, machine learning has made its...

German ZEW falls to 41.8, first decline in a year

German ZEW falls to 41.8, first decline in a year

Germany ZEW Economic Sentiment fell from 47.5 to 41.8 in July, below expectation of 44.3. That’s also the first decline in a year since July 2023. Current Situation Index rose from -73.8 to -68.9, above expectation of -73.0. Eurozone ZEW Economic Sentiment fell from...

RFK Jr. getting Secret Service protection

RFK Jr. getting Secret Service protection

Independent presidential candidate Robert F. Kennedy Jr. addresses the Libertarian Party's national convention in Washington, U.S., May 24, 2024. Brian Snyder | ReutersIndependent presidential candidate Robert F. Kennedy Jr. will receive Secret Service protection at...

NZD: Will Bearish Momentum Halt?

NZD: Will Bearish Momentum Halt?

The NZDUSD pair remains under pressure near 0.6075 in early Asian trading on Tuesday, affected by weak Chinese economic data and a modest rebound in the US Dollar. Attention is on the upcoming US Retail Sales data for June. Focus will also shift to New Zealand’s CPI...

Is the Carbon Credit Market Dead? :: InvestMacro

Is the Carbon Credit Market Dead? :: InvestMacro

Source: Streetwise Reports (7/12/24) We explain carbon credits, cover some of the system’s inherent problems, discuss future market growth and highlight some carbon credit streaming companies working hard to operate transparently.Last year, scrutiny of the carbon...

RBI to banks, ET BFSI

RBI to banks, ET BFSI

The Reserve Bank of India (RBI) has asked banks to give borrowers at least three weeks to respond before tagging them as fraud accounts. The regulator has also said the decision conveyed to the borrower must contain their submission and reasons for classifying the...

EURJPY Pulls Back from 32-Year High

EURJPY Pulls Back from 32-Year High

EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year...

FX option expiries for 16 July 10am New York cut

FX option expiries for 16 July 10am New York cut

There is one to really take note of on the day, as highlighted in bold.It is for EUR/USD and seen at the 1.0900 level once again. That is likely to help contain price action and limit any overextensions beyond the figure level, at least until we get to the US retail...

Apple iOS 18 public beta released: How to install

Apple iOS 18 public beta released: How to install

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.Bloomberg | GettyApple on Monday released a preview version of its big new iPhone update.The...

Yen Softens as Rebound Fades; Loonie Looks to Canadian CPI

Yen Softens as Rebound Fades; Loonie Looks to Canadian CPI

Yen weakened broadly during Asian session today, giving back some of last week’s strong gains that were reportedly driven by Japan’s market intervention. Japan’s Chief Cabinet Secretary Yoshimasa Hayashi repeated in a press conference that it is crucial for currency...

Nikkei Index Has Risen To a Two-Month High

Nikkei Index Has Risen To a Two-Month High

As we reported on 26th June, analysing the Nikkei 225 chart (Japan 225 on FXOpen): → The price is in a significant upward trend (shown by the blue channel); → The price may continue to rise along the median line. Since then, the Nikkei 225 index (Japan 225 on FXOpen)...

Bitcoin Has Surfaced Following a Dive

Bitcoin Has Surfaced Following a Dive

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0876; (P) 1.0893; (R1) 1.0925; More…. No change in EUR/USD’s outlook and intraday bias remains on the upside for the moment. Decisive break of 1.0915 resistance will resume whole rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665...

Trump shooting puts Secret Service under scrutiny

Trump shooting puts Secret Service under scrutiny

Editor's note: This is a developing story and will be updated throughout the day.The Secret Service is under growing pressure to explain what went wrong in the hours and minutes before a gunman opened fire in an attempted assassination on former President Donald Trump...

eToro joins European FS Tech Hub of I.C.E. SDA Bocconi

eToro joins European FS Tech Hub of I.C.E. SDA Bocconi

Online broker eToro is strengthening its presence in the Italian and European fintech ecosystem through a new collaboration with SDA Bocconi. The trading and investment platform announces today that it has joined the European FS (Financial Services) Tech Hub of Milan,...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… No change in GBP/USD’s outlook and intraday bias remains on the upside. Rise from 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium...

Sunset Market Commentary

Sunset Market Commentary

Markets Some segments of the US yield curve disinverted in the wake of the Trump shooting. The presidential candidate’s odds to win the November election have increased as a result. His pro-business (for the US at least) agenda is seen as a boost to the economy as...

News of the Week (July 15—19): EURGBP Outlook!

News of the Week (July 15—19): EURGBP Outlook!

The EURGBP, representing the exchange rate between the Euro and the British Pound, is a key measure of economic interplay between the Eurozone and the United Kingdom. The Euro’s value is primarily influenced by the financial policies and performance of the Eurozone...

A Clearer Shape of a Long-Term Dollar Decline

A Clearer Shape of a Long-Term Dollar Decline

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely...

Trump assassination attempt: Wall Street CEOs react

Trump assassination attempt: Wall Street CEOs react

JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersThe leaders of Wall Street's...

Bullish Pound Eyes $1.30 Ahead of UK Inflation Test

Bullish Pound Eyes $1.30 Ahead of UK Inflation Test

June CPI numbers the highlight of this week’s UK data flurry Could the Bank of England cut interest rates next month? Pound undeterred as it extends July gains Job stats and retail sales to follow Wednesday’s CPI report (06:00 GMT) On target Inflation in the UK peaked...

TradingView adds crypto data from Bitazza

TradingView adds crypto data from Bitazza

To give traders more freedom in market analysis, TradingView has integrated a new exchange — Bitazza — to its platform, and it’s now delivering its crypto data directly to charts. Founded in 2018, Bitazza is a centralized digital asset platform known for its...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8927; (P) 0.8949; (R1) 0.8966; More… Intraday bias in USD/CHF is neutral for the moment, but further fall is expected with 0.9000 resistance intact. Below 0.8914 will target 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 157.03; (P) 158.24; (R1) 159.12; More… USD/JPY’s fall from 161.94 is seen as correcting the whole five-wave rally from 140.25. Deeper decline is in favor and sustained trading below 55 D EMA (now at 157.67) will affirm this bearish case. Next target...

Gold’s Rally Stalls at 7-Week High

Gold’s Rally Stalls at 7-Week High

Gold jumped to its highest level since May 22 last week But fails to extend rally, trading flat in past couple of sessions Despite latest weakness, oscillators remain positively tilted Gold has been experiencing solid gains since late June, with the break above its...

ICE Low Sulphur Gasoil markets hit series of OI records

ICE Low Sulphur Gasoil markets hit series of OI records

Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its Low Sulphur Gasoil markets hit a series of open interest records through June 2024, reaching a high of 1.2 million across futures and options on July 1, 2024, equivalent to 120 million metric tons....

Trump Media shares rise after assassination attempt

Trump Media shares rise after assassination attempt

Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at the Historic Greenbrier Farms in Chesapeake, Virginia, on July 28, 2024.Jim Watson | Afp | Getty ImagesTrump Media & Technology Group shares surged 50% in...

Industry body to FM, BFSI News, ET BFSI

Industry body to FM, BFSI News, ET BFSI

New Delhi, Industry body SME Chamber of India has urged Finance Minister Nirmala Sitharaman to continue the 45-day MSME payment rule for corporates and other buyers. According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a...

NZ Dollar Dips After Soft Services PMI

NZ Dollar Dips After Soft Services PMI

The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European session, down 0.35% on the day at the time of writing. New Zealand Services PMI slips The week started on a sour note in New Zealand as the Services...

10 Best Large Language Models (LLMs)

10 Best Large Language Models (LLMs)

Large Language Models are unique AI systems that rely on deep learning for training on large datasets to understand queries in natural language and generate new text. The best large language models in the market right now have found the path to growth with the support...

EURUSD Jumps to a Fresh 1-month High

EURUSD Jumps to a Fresh 1-month High

EURUSD edges higher after break above SMAs The pair advances to its highest level since June 4 Oscillators suggest that bullish forces are strengthening EURUSD has been in a steady uptrend after the bullish breakout from its downward sloping trendline in place since...

Shares climb ahead of announcement, ET BFSI

Shares climb ahead of announcement, ET BFSI

Shares of Jio Financial Services rose nearly 2% to Rs 355 in Monday's intraday trade on BSE ahead of the company's Q1 FY25 results due later in the day.At 11:18 am, the stock was trading 0.6% higher at Rs 352.4 on the BSE. Year-to-date, the stock has surged over 50%,...

Japanese Yen Surges Amidst Potential Interventions

Japanese Yen Surges Amidst Potential Interventions

The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month. The yen’s recent surge is attributed to widespread market...

Bitcoin Once Again Above $60k

Bitcoin Once Again Above $60k

Analysing the long-term BTC/USD chart from 16th May, we constructed a “roadmap” for Bitcoin’s price, resembling an expanding fan consisting of a median and support levels below it, and resistance levels above it. Reviewing the BTC/USD chart last time (9 thJuly), we...

SBI Research report, ET BFSI

SBI Research report, ET BFSI

Retail inflation, or the Consumer Price Index (CPI) in India, is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research.India's retail inflation rate increased in June, deviating from the...

FX option expiries for 15 July 10am New York cut

FX option expiries for 15 July 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD, centered closely in and around the 1.0900 mark. The ones at the figure level are quite huge in size, so they could act as a magnet on price action for the session ahead. That at...

Goldman Sachs (GS) earnings 2Q 2024

Goldman Sachs (GS) earnings 2Q 2024

David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCGoldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.Here's what Wall Street expects:Earnings: $8.34 per share, according to LSEGRevenue: $12.46...

Google in talks for $23 billion deal with Wiz: WSJ

Google in talks for $23 billion deal with Wiz: WSJ

Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street...

Biden condemns violence in remarks

Biden condemns violence in remarks

President Joe Biden delivered remarks on Saturday evening after former President Donald Trump was injured and rushed offstage when gunshots were fired at his political rally."There's no place in America for this kind of violence," Biden said in Rehoboth Beach,...

Rally shooter ID’ed as Thomas Matthew Crooks

Rally shooter ID’ed as Thomas Matthew Crooks

World leaders respond to Trump assassination attempt British Prime Minister Keir Starmer speaks to media at the Stormont Parliament Buildings, in Belfast, Northern Ireland, July 8, 2024. Clodagh Kilcoyne | ReutersLeaders around the world reacted on social media...

Summary 7/15 – 7/19

Summary 7/15 – 7/19

Monday, Jul 15, 2024 Tuesday, Jul 16, 2024 Wednesday, Jul 17, 2024 Thursday, Jul 18, 2024 Friday, Jul 19, 2024 The post Summary 7/15 – 7/19 appeared first on Action Forex.

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF’s late breach of 0.9754 resistance last week suggests that rise from 0.9476 is resuming. Initial bias is back on the upside this week. Further rally would be seen to retest 0.9928 high. On the downside, however, break of 0.9677 will turn bias to the downside...

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD’s consolidation from 1.5996 continued last week and outlook is unchanged. Initial bias stays neutral this week first. While another recovery cannot be ruled out, further decline is expected as long as 1.6211 resistance holds. Break of 1.5996 will resume larger...

a $43 million Veterans Affairs simulation hospital

a $43 million Veterans Affairs simulation hospital

An operating room at SimVETCourtesy: SimVETInside a sprawling $43 million Veterans Affairs facility equipped with operating rooms, intensive care units and an outpatient clinic, there are no patients. At least not any real ones. The 53,000-square-foot building sits...

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP’s late break of 0.8396 support suggests that larger down trend is resuming. Initial bias remains on the downside this week. Next near term target is 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. Firm break there could prompt downside acceleration...

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY retreated sharply after edging higher to 208.09 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper pullback could be seen through 203.82 temporary low. But downside should be contained by 38.2%...

Amazon sellers get dinged after Target discount snafu

Amazon sellers get dinged after Target discount snafu

An Amazon driver delivers packages in Washington, D.C., on Aug. 27, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesWhen Brandon Fishman ran a discount on his vitamin-infused coffee for Target's weeklong deals event, he wasn't worried about how it would affect...

USD/CAD Weekly Outlook – Action Forex

USD/CAD Weekly Outlook – Action Forex

USD/CAD edged lower to 1.3588 last week but recovered after hitting 1.3589 support. Initial bias remains neutral this week first. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 and target 100% projection of 1.3845 to 1.3589 from...

AUD/USD Weekly Report – Action Forex

AUD/USD Weekly Report – Action Forex

AUD/USD’s rally from 0.6361 continued last week and outlook is unchanged. Initial bias stays on the upside this week for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100%...

GBP/USD Weekly Outlook – Action Forex

GBP/USD Weekly Outlook – Action Forex

GBP/USD’s strong break of 1.2859 resistance last week confirmed resumption of rally from 1.2298. Initial bias stays on the upside this week. Next target is 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term...

USD/JPY Weekly Outlook – Action Forex

USD/JPY Weekly Outlook – Action Forex

USD/JPY’s sharp decline last week confirmed short term topping at 161.94. Considering bearish divergence condition in D MACD, fall from 161.94 is likely corrective whole five-wave rally from 140.25. Risk will stay on the downside as long as 160.25 support turned...

EUR/USD Weekly Outlook – Action Forex

EUR/USD Weekly Outlook – Action Forex

EUR/USD’s rally continued last week and hit as high as 1.0910. Initial bias stays on the upside this week. Firm break of 1.0915 will resume howl rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. On the downside, below 1.0859 minor support...

USD/CHF Weekly Outlook – Action Forex

USD/CHF Weekly Outlook – Action Forex

USD/CHF’s fall from 0.9049 continued last week despite interim recovery. As noted before, rebound from 8825 should have completed after rejection by channel resistance. Deeper decline is expected as long as 0.9000 resistance holds, to 0.8825 low. Break of 0.8825 will...

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY fell sharply after edging higher to 175.41 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper correction cannot be ruled out. But for now, downside should be contained by 170.87 and bring rebound, to set...

Biden drop out urged by climate change group

Biden drop out urged by climate change group

Sunrise Movement protesters gather near Vice President Kamala Harris' Brentwood home calling on her to urge President Joe Biden to declare a climate emergency. Simon Aron, left, and Josiah Edwards, center, lead a chant.Robert Gauthier | Los Angeles Times | Getty...

The Weekly Bottom Line: U.S. – Inflation Cooling

The Weekly Bottom Line: U.S. – Inflation Cooling

U.S. Highlights U.S. inflation eased by more than expected in the month of June, raising the likelihood of a September rate cut. Small business confidence continued to edge higher in June, though several forward-looking indicators suggests some softening in the months...

RBI deputy guv Michael Patra, ET BFSI

RBI deputy guv Michael Patra, ET BFSI

MUMBAI: India could emerge as the world's second largest economy by 2031 and the largest economy by 2060, riding on a stable investment rate, macroeconomic and financial stability, favourable demographics and growth multipliers like digitisation, Reserve Bank of India...

7 Growth Hacks to Market Your Business with SEO

7 Growth Hacks to Market Your Business with SEO

In today’s highly competitive online environment, numerous opportunities exist to stay ahead and succeed. Improving SEO and achieving better results for clients involves various factors, with social media and content marketing strategies playing a pivotal role. These...

Rudy Giuliani bankruptcy case dismissed

Rudy Giuliani bankruptcy case dismissed

Rudy Giuliani speaks to members of the media where Republican candidate Florida Gov. Ron DeSantis was scheduled to host a campaign event on January 21, 2024 in Manchester, New Hampshire.Brandon Bell | Getty ImagesA New York federal bankruptcy judge on Friday dismissed...

Nasdaq 100 Index Fell Despite Positive Inflation News

Nasdaq 100 Index Fell Despite Positive Inflation News

Yesterday, Consumer Price Index (CPI) values were published, indicating a slowdown in the rate of inflation in the USA. According to ForexFactory: → CPI month-on-month: actual = -0.1%, forecast = 0.1%, previous month = 0.0%; → CPI year-on-year: actual = 3.0%, forecast...

NZ Dollar Edges Higher Despite Soft Mfg. Data

NZ Dollar Edges Higher Despite Soft Mfg. Data

The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing. New Zealand dollar showing big swings It has been a volatile few days for the New Zealand dollar. On Wednesday,...

Dune Partners with Conduit for BOB L2 Integration

Dune Partners with Conduit for BOB L2 Integration

Dune Catalyst, a prominent player in blockchain analytics, has announced a strategic partnership with Conduit, a company specializing in blockchain infrastructure, to integrate BOB L2. This move is aimed at expanding Dune's product...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 156.97; (P) 159.37; (R1) 161.30; More… No change in USD/JPY’s outlook. Deeper decline is expected with 160.25 support turned resistance intact. Fall from 161.94 is seen as corrective the five-wave rally from 140.25. Sustained break of 55 D EMA (now...

FCA bans Clive Harris Mongelard

FCA bans Clive Harris Mongelard

The UK Financial Conduct Authority (FCA) has made an order prohibiting Clive Harris Mongelard aka Clive Harris aka Clive Lindsey from performing any function in relation to any regulated activity. Following civil proceedings brought by the FCA before the High Court of...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8919; (P) 0.8961; (R1) 0.9007; More… No change in USD/CHF’s outlook as further decline is expected with 0.9000 resistance intact. Deeper decline would be seen to 0.88825 support. Fall from 0.9223 should be in progress with near term channel...

Essential Tax Tips for Maximizing Investment Gains

Essential Tax Tips for Maximizing Investment Gains

Investing is one way to build wealth. But, understanding the tax implications is key for maximizing your returns. By managing your taxes well, you can keep more of your hard-earned gains. This guide provides essential tax tips to help you navigate investment taxation...

EU50 waits for directional spark :: InvestMacro

EU50 waits for directional spark :: InvestMacro

FXTM’s EU50 ↑ 10% since start of 2024EU data + ECB = big price swings?Over past year ECB decision triggered moves of ↑ 1.5% & ↓ 0.3%Index trading 3% away from YTD high at 5142.3Technical levels = 5010 & 4880Watch out for fresh trading opportunities in the week...

EUR/USD Outlook: Bulls Hold Grip for Further Advance

EUR/USD Outlook: Bulls Hold Grip for Further Advance

EURUSD continues to trend higher, with minimal negative impact from hotter than expected US PPI data (Jun 0.2% m/m vs 0.1% f/c and 0.0% in May). The latest bull-leg extends into third straight and day pressuring Thursday’s post US CPI spike high (1.0898) which guards...

More Democrats ask president to drop out

More Democrats ask president to drop out

U.S. President Joe Biden waves at a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024.Nathan Howard | ReutersThe reelection campaign of President Joe Biden started the day Friday facing the very real prospect that even more...

Special focus areas explained, ET BFSI

Special focus areas explained, ET BFSI

By Bikash Narayan MishraIndian banks are all set to chart a new course. As India aspires to be a $5 trillion economy in the next three years and touch $7 trillion by 2030, the banking system needs to be strong and resilient so that it can power the economy and absorb...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2858; (P) 1.2903; (R1) 1.2960; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959 would prompt upside acceleration through 1.3141 resistance to 100%...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. No change in EUR/USD’s outlook and intraday bias stays on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of 1.0601 to 1.0915...

Tour $60 million mansion in Delray Beach, Florida

Tour $60 million mansion in Delray Beach, Florida

The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million.Daniel PetroniThe owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and...

Women set to inherit $9 trillion

Women set to inherit $9 trillion

Charday Penn | E+ | Getty ImagesUp to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what's being called "the horizontal wealth transfer," according to a new report.Over the next 20 to 30 years, aging baby boomers and...

Biden calls Ukraine leader Zelenskyy President Putin

Biden calls Ukraine leader Zelenskyy President Putin

President Joe Biden mistakenly introduced Ukrainian President Volodymyr Zelenskyy as "President Putin" at the NATO summit Thursday, an embarrassing verbal stumble at a time when Biden faces intense questions about his mental competency.Biden's confusion of Zelenskyy...

Citigroup (C) earnings Q2 2024

Citigroup (C) earnings Q2 2024

CEO of Citi, Jane Fraser during the panel on Tech and finance - tailwinds and headwinds at the Global Hong Kong Global Financial Leaders Investment Summit on November 7, 2023 in Hong Kong, China.Vernon Yuen | Nurphoto | Getty ImagesCitigroup on Friday posted...

Analysis of USD/JPY: Was There an Intervention?

Analysis of USD/JPY: Was There an Intervention?

Yesterday’s news of slowing inflation in the US sharply weakened the dollar, anticipating the Federal Reserve’s monetary easing. In the first 15 minutes after the data release: → EUR/USD rose by approximately 0.45% to the psychological level of 1.09; → GBP/USD...

Corporates Have Weighed in on Crypto Once Again

Corporates Have Weighed in on Crypto Once Again

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the...

Oil prices higher after cooler inflation data

Oil prices higher after cooler inflation data

Oil futures rose Friday morning, aiming for a third straight winning session, after finding modest support the previous day following a cooler-than-expected June consumer-price index reading that reinforced expectations for the Federal Reserve to begin cutting...

Spotware releases cTrader Desktop 5.0.28

Spotware releases cTrader Desktop 5.0.28

Fintech company Spotware Systems today announced the release of cTrader Desktop 5.0.28. In the latest version of the trading platform, client-side validation and handling for algorithm synchronization exclusions have been added. A number of issues were addressed,...

President Joe Biden holds rare solo press conference

President Joe Biden holds rare solo press conference

[The stream is slated to start at 7 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Joe Biden is set to hold a solo press conference in Washington on Thursday following a busy day of NATO Summit events.The press conference is...

USD/JPY Stabilizes After Massive Slide

USD/JPY Stabilizes After Massive Slide

The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing. Japanese yen soars – soft US inflation or intervention? The US dollar was down against...

NITI Aayog member Arvind Virmani, ET BFSI

NITI Aayog member Arvind Virmani, ET BFSI

The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have...

Cliff Notes: Shifting Risks and Rhetoric

Cliff Notes: Shifting Risks and Rhetoric

Key insights from the week that was. The July Westpac-MI Consumer Sentiment Survey confirmed that households remain downbeat, with the headline index falling 1.1% to 82.7. The latest update continues to speak to a challenging context, characterised by a resurgence in...

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the...

Pepperstone CMO Tony Gruebner departs

Pepperstone CMO Tony Gruebner departs

Tony Gruebner, who has spent the past four years as Chief Marketing Officer (CMO) at leading Australia based Retail FX and CFDs broker Pepperstone, has announced that he is leaving the company. Tony Gruebner joined Pepperstone in 2020 from Sportsbet, Australia’s...

ISF report, BFSI News, ET BFSI

ISF report, BFSI News, ET BFSI

About 220,000 flexible jobs were created in 2023-24, according to an Indian Staffing Federation (ISF) report. Flexi staffing industry grew 15.3% year-on-year, up from 14% in the previous fiscal, as per the ISF’s Annual Employment Trends 2024 report. The total flexi...

10 Best Blockchain Interoperability Tools

10 Best Blockchain Interoperability Tools

Blockchain offers a transparent, secure and decentralized approach for storing and exchanging data, which has transformed our conventional viewpoints on technology. The power of blockchain has helped in empowering the web3 landscape with multiple base-layer...

RBI, BFSI News, ET BFSI

RBI, BFSI News, ET BFSI

New Delhi, As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).According to him, the central...

Limassol CFDs broker office hit in drive-by shooting

Limassol CFDs broker office hit in drive-by shooting

Cyprus news websites Cyprus Mail and in-Cyprus are reporting details of a drive-by shooting that occurred late Thursday, in front of the offices of an (unnamed) Limassol based Retail FX and CFDs broker. According to Cyprus Mail, an office building in Limassol was...

USDCAD Trades Sideways as 200-SMA Provides Support

USDCAD Trades Sideways as 200-SMA Provides Support

USDCAD is rangebound in the past few sessions The 200-day SMA caps the pair’s downside Momentum indicators are negatively tilted USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this...

Can a Spender and a Saver Live in Financial Harmony?

Can a Spender and a Saver Live in Financial Harmony?

Tension is thick in the air, sparks flying as a couple stands face-to-face, locked in an intense struggle. But this isn't just any battle—it's the battleground of finances, where love and money collide!In one corner, we have Lara, a fierce spending Guardian armed with...

FX option expiries for 12 July 10am New York cut

FX option expiries for 12 July 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0850 level. That could be a bit of a magnet for price action and if anything else, limit any major pullback to the gains from yesterday. That is before the expiries roll...

JPMorgan Chase (JPM) earnings Q2 2024

JPMorgan Chase (JPM) earnings Q2 2024

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 161.38; (P) 161.59; (R1) 161.93; More… USD/JPY declines sharply in early US session and breaks 160.25 support decisively. Considering bearish divergence condition in D MACD, fall from 161.49 might already be correcting the whole five-wave rally from...

Delta CEO says Paris Olympics will cost it $100 million

Delta CEO says Paris Olympics will cost it $100 million

This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather.Stefano Rellandini | Afp | Getty ImagesFor more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… USD/CHF’s decline from 0.9049 resumed by breaking through 0.8942 support and intraday bias remains is back on the downside for retesting 0.8825. Fall from 0.9223 should be in progress with near term channel...

TurboTax is Elevating Hoop Dreams in Atlanta

TurboTax is Elevating Hoop Dreams in Atlanta

TurboTax is here to make your moves count. That’s why we’re partnering with the Atlanta Entertainment Basketball League (AEBL) to elevate up-and-coming basketball hoopers. TurboTax will be sponsoring the AEBL’s 8-week basketball season and their mission of using sport...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2800; (P) 1.2825; (R1) 1.2872; More… GBP/USD’s rally continues today and intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration through 1.3141 to 100%...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0817; (P) 1.0824; (R1) 1.0838; More…. EUR/USD’s rise from 1.0665 resumed by breaking through 1.0844 temporary top and intraday bias is back on the upside for 1.0915 resistance. Firm break there will resume whole rally from 1.0601 and target 100%...

AUD/USD Mid-Day Report – Action Forex

AUD/USD Mid-Day Report – Action Forex

Daily Pivots: (S1) 0.6735; (P) 0.6744; (R1) 0.6755; More... Intraday bias in AUD/USD remains on the upside as current rally continues to 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870...

EUR/JPY Mid-Day Outlook – Action Forex

EUR/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s strong break of 173.50 support suggests that a short term top was formed at 175.41, on bearish divergence condition in 4H MACD. But there is no clear sign of trend reversal yet. While deeper pullback...

ECB Preview – Holiday Season

ECB Preview – Holiday Season

The ECB meeting next week is expected to be largely a stock taking meeting and not a place to send new policy signals. The meeting by meeting and data dependent approach is clear and Lagarde has highlighted that the profit, wages and productivity data will be key,...

EUR/GBP Technical: Make the Pound Great Again

EUR/GBP Technical: Make the Pound Great Again

EUR/GBP has resumed its downward trajectory since the start of the year, now trading close to a 2-year low at 0.8320. Unfavourable political environment in France versus a newly formed Labour-led UK government that favours pro-growth policies may see further...

June CPI: September Rate Cut Incoming

June CPI: September Rate Cut Incoming

Summary This morning’s CPI report was arguably the most encouraging one the FOMC has received since it began its inflation fight nearly two and a half years ago. Consumer prices declined by 0.1%, led lower by a drop in energy prices and a modest increase in food...

GBP/JPY Mid-Day Outlook – Action Forex

GBP/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY’s steep decline and strong break of 206.12 support suggest that a short term top is formed at 208.09, on bearish divergence condition in 4H MACD. While deeper decline cannot be ruled out, downside...

Stock indexes hint at Euro 2024 winners? :: InvestMacro

Stock indexes hint at Euro 2024 winners? :: InvestMacro

UK100 index has risen 6.2% so far this yearMarkets predict SPN35 can climb another 18.7% within 12 monthsMarkets predict UK100 can climb another 14.4% within 12 monthsSpain favoured to beat England in Euro 2024 finalEngland and Spain are set to battle it out for...

HSBC India and British Council launch ‘Climate Skills

HSBC India and British Council launch ‘Climate Skills

HSBC India and British Council, on Thursday announced the launch of the "Climate Skills: Seeds for Transition India" project in a partnership. The programme is part of the British Council’s long-term international effort to establish a global climate skills approach...

PepsiCo (PEP) earnings Q2 2024 earnings

PepsiCo (PEP) earnings Q2 2024 earnings

Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks...

US initial jobless claims falls to 222k vs exp 239k

US initial jobless claims falls to 222k vs exp 239k

US initial jobless claims fell -17k to 222k in the week ending July 6, below expectation of 239k. Four-week moving average of initial claims fell -4k to 233.5k. Continuing claims fell -4k to 1852k in the week ending June 29. Four-week moving average of continuing...

FanDuel, DraftKings prepare for gambling rise

FanDuel, DraftKings prepare for gambling rise

The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics.Sopa Images | Lightrocket | Getty ImagesSportsbooks and daily fantasy operators are preparing for a Summer Olympics...

Audi, Inter Miami CF strike multiyear partnership

Audi, Inter Miami CF strike multiyear partnership

Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team's official automotive partner.Courtesy: AudiAudi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF.The Volkswagen-owned company...

Pound on the Offensive – Action Forex

Pound on the Offensive – Action Forex

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the...

Delta Air Lines (DAL) earnings Q2 2024

Delta Air Lines (DAL) earnings Q2 2024

Nurphoto | Nurphoto | Getty ImagesDelta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts' estimates.Shares of Delta fell about 7% in premarket trading. Here's...

Crypto Lacks Bulls – Action Forex

Crypto Lacks Bulls – Action Forex

Market picture It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies. The cryptocurrency market failed to break out of its consolidation, and its capitalisation rolled back 1.3% to $2.13 trillion, inside the range from...

AUDUSD Posts a Fresh 6-month High

AUDUSD Posts a Fresh 6-month High

AUDUSD breaks decisively above sideways pattern The price jumps to its highest since January 2024 Oscillators are flagging overbought conditions AUDUSD had been trading in a neutral range for more than two months, unable to adopt a clear directional impetus. However,...

State Street Global Advisors launches Gold Fund

State Street Global Advisors launches Gold Fund

State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the State Street Gold Fund, a new unlisted managed fund in Australia. The State Street Gold Fund seeks to track the performance of the...

Confronting Your Past | YNAB

Confronting Your Past | YNAB

This post is adapted from YNAB's twice-monthly newsletter, Loose Change. There’s this person that keeps following you around the store. Don’t freak out; it’s not a stranger and they mean you no harm. It’s your past. 👋“Oh hey, remember how you majored in philosophy?...

SBI Report, BFSI News, ET BFSI

SBI Report, BFSI News, ET BFSI

The recent KLEMS [capital (K), labour (L), energy (E), material (M) and services (S)]data by the Reserve Bank of India and the ASUSE (Annual Survey of Unincorporated Sector Enterprises) employment numbers of the government broadly match, SBI Research said in its...

FX option expiries for 11 July 10am New York cut

FX option expiries for 11 July 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold.The first being for USD/CHF at the 0.8950 level. It isn't one that holds any technical significance but could hold any downside pressure as it coincides with the weekly pivot. The ceiling for...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8965; (P) 0.8978; (R1) 0.8991; More… USD/CHF is staying in range of 0.8942/9049 and intraday bias remains neutral. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 160.85; (P) 161.18; (R1) 161.63; More… USD/JPY is still staying in range below 161.95 and intraday bias remains neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8%...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2768; (P) 1.2797; (R1) 1.2815; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2752) holds. Firm break of 1.2859 will resume the rally from 1.2298 and...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.0844. Further rally is in favor as long as 55 4H EMA (now at 1.0789) holds. On the upside, above 1.0844 will resume the rebound from...

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New...

Expert Says Buy Copper :: InvestMacro

Expert Says Buy Copper :: InvestMacro

Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of copper and gold and explains his positions in some stocks. When I started writing a newsletter decades ago, I did so for two reasons. The first was to condense communication to one...

Weak Inflation in China Clears the Way for Global Easing

Weak Inflation in China Clears the Way for Global Easing

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the...

RBI, BFSI News, ET BFSI

RBI, BFSI News, ET BFSI

MUMBAI: RBI has raised concerns again over misuse of 'internal' accounts in some banks. The central bank's inspections have revealed that some internal accounts - which are used by a bank for its own operations - have been used as a conduit for fraud and...

GBPAUD Holds Above Key Support Area

GBPAUD Holds Above Key Support Area

GBPAUD consolidates above key support zone RSI and MACD detect negative momentum But a break below 1.8900 is needed to darken the outlook A rebound above 1.9350 may invite more bulls GBPAUD has been trading in a consolidative manner lately staying above the key...

UK Data Eyed as Pound Celebrates Labour Win

UK Data Eyed as Pound Celebrates Labour Win

Monthly GDP and production figures for June on tap Strong data might hurt August rate cut expectations Pound flirts with $1.28 ahead of Thursday’s release (06:00 GMT) Uptick in GDP expected The UK economy got off to a solid start this year, emerging strongly from a...

Goyal, BFSI News, ET BFSI

Goyal, BFSI News, ET BFSI

New Delhi, Commerce and Industry Minister Piyush Goyal on Wednesday said both India and the UK are committed to the proposed free trade agreement (FTA) between the two countries. He said that the initial comments made by the new UK government are "very" encouraging....

Everything launched at the event

Everything launched at the event

Samsung launched two new foldable smartphones at its Unpacked event in Paris: the Galaxy Flip6 and the Galaxy Fold6.Arjun Kharpal | CNBCOn Wednesday, Samsung held its Unpacked Event, where it launched a slew of products.Here's a list of all the products the tech giant...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets In today’s extremely dull trading session, some volatility in the New Zealand dollar, Norwegian krone and Czech koruna are keeping us somewhat entertained. You’ll find the latter two in the section down below. NZD is under pressure (NZD/USD 0.6078) following...

RBNZ Dovishness Hits Kiwi – Action Forex

RBNZ Dovishness Hits Kiwi – Action Forex

The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1% to 0.6070, a low...

CMC Markets grants 113k shares to CEO Peter Cruddas

CMC Markets grants 113k shares to CEO Peter Cruddas

CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today announced transactions in its shares by senior executives. On July 9, 2024, CMC Markets granted 113,772 shares in the company to CEO Peter Cruddas. This is a...

Yen Weakness Persists in Calm Trading; Dollar Range-Bound

Yen Weakness Persists in Calm Trading; Dollar Range-Bound

Yen continues its extended selloff today, except against New Zealand Dollar, in an otherwise subdued forex market. Reports indicate that BoJ may lower its economic growth forecasts for this year at its meeting later in July, while predicting that inflation will hover...

Walmart to open five automated distribution centers

Walmart to open five automated distribution centers

Automated distribution centers for Walmart grocery business.Courtesy: WalmartWalmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows.The...

DTCC’s FICC introduces public-facing VaR calculator

DTCC’s FICC introduces public-facing VaR calculator

The Depository Trust & Clearing Corporation (DTCC) today announced the launch of a new public-facing Value at Risk (VaR) calculator. The calculator provides market participants with the ability to evaluate potential margin and Clearing Fund obligations associated...

Crypto Market Looks to Return to Growth

Crypto Market Looks to Return to Growth

Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous...

NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ

NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ

NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance. The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that the door for possible rate cut...

USDJPY Reapproaches Multi-Year Highs – Action Forex

USDJPY Reapproaches Multi-Year Highs – Action Forex

USDJPY edges higher after the pullback from 38-year high pauses The risk of a Japanese intervention is active at current levels Momentum indicators provide overbought signals USDJPY experienced a minor setback from its 38-year high of 161.95, which quickly came to a...

NZDUSD Tumbles After RBNZ’s Decision

NZDUSD Tumbles After RBNZ’s Decision

NZDUSD finds support at 200-day SMA Prices have been heading lower over the last month Stochastics and RSI keep downside move NZDUSD is posting notable losses after the RBNZ’s policy decision to leave interest rates unchanged at 5.5%. The pair is pausing its decline...

RBI dy guv, ET BFSI

RBI dy guv, ET BFSI

Mumbai: The banking sector, which is at a decadal high in terms of financial parameters, is all set to support the growth of the Indian economy, Reserve Bank deputy governor Swaminathan J said on Tuesday. Addressing a conference of statutory auditors and chief...

Equals receives improved proposal from Railsr, TowerBrook

Equals receives improved proposal from Railsr, TowerBrook

Equals Group plc (LON:EQLS) today provided an update on the review of its strategic options. The Board of Equals confirms that it has received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”) and TowerBrook...

What are Bias and Variance in Machine Learning?

What are Bias and Variance in Machine Learning?

Machine learning deserves more scrutiny than ever due to the growing adoption of ML applications. The development and assessment of ML models have become more complex with the use of larger datasets, new learning requirements, innovative algorithms, and diverse...

Is It Time for Gold to Emerge Above Key Resistance?

Is It Time for Gold to Emerge Above Key Resistance?

Gold trades higher, but withing a broader sideways range RSI and MACD imply strengthening upside momentum A break above 2388 could add to the bullish case A dip below 2340 may allow declines within the range Gold is moving higher today, after hitting support near the...

Gold Prices Rise Amid Anticipation of Fed Rate Cut

Gold Prices Rise Amid Anticipation of Fed Rate Cut

Gold prices continue to experience an upward trend, reaching 2368 USD per troy ounce, fuelled by growing market anticipation of a potential rate cut by the US Federal Reserve. As investors focus on upcoming US inflation data, gold remains a focal point of investment...

Microsoft drops its observer seat on OpenAI board

Microsoft drops its observer seat on OpenAI board

Jaap Arriens | Nurphoto | Getty ImagesMicrosoft said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel Keith Dolliver wrote a letter to...

First Ariane 6 launch of European rocket

First Ariane 6 launch of European rocket

This photograph shows the takeoff of the European Space Agency satellite launcher Ariane 6 rocket from its launch pad, at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024.Jody Amiet | AFP | Getty ImagesThe powerful European-built Ariane 6 rocket made...

RBI DG Swaminathan, ET BFSI

RBI DG Swaminathan, ET BFSI

">"The fourth and most critical line of assurance for a Regulator is the bank’s Statutory Auditors," noted RBI DG Swaminathan JTransparency is the key, and by sharing comprehensive and accurate data, CFOs not only facilitate a smoother audit and supervision process...

RBI DG Rao, ET BFSI

RBI DG Rao, ET BFSI

">"External audit is an indispensable component of a robust regulatory framework," stated RBI Deputy Governor, M Rajeshwar RaoThe statutory auditors play a significant role in maintaining stakeholder confidence in audited financial statements, which is particularly...

FX option expiries for 10 July 10am New York cut

FX option expiries for 10 July 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at 1.0770-75. However, the expiries do not hold much technical significance with key support still seen at around 1.0795-00 currently. That coincides with the confluence of the...

Crypto Bargain-Hunters Are Back – Action Forex

Crypto Bargain-Hunters Are Back – Action Forex

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before...

XAU/USD Analysis: Gold Price Falls from Six-Week High

XAU/USD Analysis: Gold Price Falls from Six-Week High

As shown by the XAU/USD chart, on Friday, 5 July, the price of gold rose above the $2390 level for the first time since 22 May. According to Reuters, this increase occurred following the release of key US employment data, which indicated a softening labour market,...

DAX Elliott Wave: Buying the Dips at the Blue Box Area

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. As our members know DAX is showing impulsive bullish sequences and we are keep favoring the long side. Recently we got a...

Company to cut 10% of workforce

Company to cut 10% of workforce

Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty ImagesUiPath, a developer of automation software, is cutting 10% of...

Digital Art Mile Shines at Art Basel 2024

Digital Art Mile Shines at Art Basel 2024

The Digital Art Mile at Art Basel 2024 showcased the evolving presence and acceptance of digital art, featuring contributions from notable artists and platforms. According to Tezos Spotlight, this satellite event, supported by the Tezos...

GBP/USD Outlook: Bulls Pause ahead of Powell

GBP/USD Outlook: Bulls Pause ahead of Powell

Cable is holding within a narrow range under new multi-week high during European trading on Tuesday, as markets await today’s key event – the testimony of Fed Chair Powell. Long upper shadow of Monday’s daily candle and overbought conditions on daily chart suggest...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0844 temporary top. Further rally is in favor as long as 55 4H EMA (now at 1.0783) holds. On the upside, above 1.0844 will resume the rebound...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2743) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF stays neutral for the moment. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of...

Euro Shrugs as Investor Confidence Tumbles

Euro Shrugs as Investor Confidence Tumbles

The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index slid to -7.3 in July, after a 0.3 gain in June. Prior to the June reading, the...

NZD Edges Lower Ahead of RBNZ Decision

NZD Edges Lower Ahead of RBNZ Decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates...

Fed’s Powell highlights risks beyond elevated inflation

Fed’s Powell highlights risks beyond elevated inflation

In his prepared remarks for the semiannual testimony to Congress, Fed Chair Jerome Powell reiterated that it is not appropriate to cut interest rate until there is “greater confidence” that inflation is moving sustainably toward 2%. Nevertheless, He noted that recent...

Gravitics lands $125 million order from Axiom

Gravitics lands $125 million order from Axiom

A pathfinder for Gravitics' 4-meter space station module design in use for developing manufacturing and assembly methods.GraviticsWashington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets European markets were captured in an indecisive trading pattern yesterday, in the wake of the surprise win of the left alliance in the French elections. Spreads of France (and other peripheral EMU countries) initially tightened marginally as none of the...

Markets Await Fed Powell’s Insights, RBNZ on Deck

Markets Await Fed Powell’s Insights, RBNZ on Deck

As US session kicks off, Dollar is trading mildly higher, with traders eagerly anticipating Fed Chair Jerome Powell’s two-day semiannual testimony before Congress. The key questions looming over the markets are whether the Fed will initiate interest rate cuts in...

Australian Dollar Drifting After Mixed Confidence Data

Australian Dollar Drifting After Mixed Confidence Data

The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair...

Pound Preparing for Bullish Breakout

Pound Preparing for Bullish Breakout

GBPUSD is trading near 1.28, which has acted as an area of resistance in the pair since last December. At the same time, the range of fluctuations of the pound is narrowing, as since October, the downside impulses have become less and less deep, with the price...

SBI Capital Markets, ET BFSI

SBI Capital Markets, ET BFSI

Industry credit has grown at a CAGR (compound annual growth rate) of 5 per cent in the past five fiscals, slower than overall bank credit of CAGR 10 per cent.Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial...

The Future of Web3 Gaming

The Future of Web3 Gaming

Web3 gaming has painted a favorable picture for the future of the gaming industry. It is reasonable to think about the future of web3 gaming as it may transform the way we perceive gaming. Web3 introduces the promise of decentralization and transparency with immersive...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 173.54; (P) 174.08; (R1) 174.65; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 205.28; (P) 205.98; (R1) 206.66; More… Intraday bias in GBP/JPY is turned neutral with loss of momentum as seen in 4H MACD. On the upside, sustained break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at...

EURJPY Moves Beneath Its Lifetime High of 174.60

EURJPY Moves Beneath Its Lifetime High of 174.60

EURJPY struggles to jump above its recent high Momentum oscillators look overstretched EURJPY skyrocketed to a fresh multi-year high of 174.60 in the previous week but is currently hovering slightly below this level, with the technical oscillators suggesting an...

GBPUSD Advances Towards 2024 Highs

GBPUSD Advances Towards 2024 Highs

GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has...

FX option expiries for 9 July 10am New York cut

FX option expiries for 9 July 10am New York cut

There are just two to really take note of on the day, as highlighted in bold.They are both for EUR/USD at the 1.0800 and 1.0875 levels. The former is arguably the one with more interest, as it lines up near the key daily moving averages. The technical significance...

News of the Week (July 8—12): NZDUSD Detailed Analysis!

News of the Week (July 8—12): NZDUSD Detailed Analysis!

The NZDUSD pair, often called the “Kiwi,” refers to the exchange rate between the New Zealand dollar and the US dollar and is an important indicator for understanding the economic relationship between New Zealand and the United States. The New Zealand dollar is...

Amazon announces new $79 Echo Spot alarm clock

Amazon announces new $79 Echo Spot alarm clock

Amazon on Monday announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality.The company added a display where users can check the time, weather or see what song is playing. Amazon also put a better speaker in the front of the device....

EUR/USD Gains Ground Despite French Election Shocker

EUR/USD Gains Ground Despite French Election Shocker

The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%. France veers to the left in Round 2 France has been on a political roller over the past two...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2773; (P) 1.2796; (R1) 1.2837; More… Intraday bias in GBP/USD remains on the upside as rally from 1.2612 is in progress for retesting 1.2859 resistance. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to...

Why theater owners are worried

Why theater owners are worried

The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesMore consolidation, more problems — that's the latest fear gripping the theatrical industry.After a monthslong negotiation process, Paramount and Skydance have struck a merger...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Range trading continues in USD/JPY and intraday bias stays neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8%...

Streaming alliances top of mind

Streaming alliances top of mind

Drew Angerer | Getty ImagesMedia and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances.Allen & Co.'s annual conference, often referred to as "summer camp for billionaires," kicks...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8939; (P) 0.8973; (R1) 0.8992; More… Intraday bias in USD/CHF remains on the downside for the moment. Rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Also, fall from 0.9223 is not completed yet....

Edward Tilly joins Clear Street as President

Edward Tilly joins Clear Street as President

Clear Street, a financial technology firm on a mission to modernize the brokerage ecosystem, today welcomes Edward Tilly to the firm as President. Edward Tilly joins Clear Street after a successful decade-long tenure as Chief Executive Officer at CBOE Global Markets,...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets Yesterday’s second round in the French parliamentary elections resulted in a hung parliament, be it in a totally different setup than polls suggested. Le Pen’s Rassemblement National (RN) unexpectedly finished third, securing 143 seats. Macron’s centrists...

What to expect in Budget FY25, BFSI News, ET BFSI

What to expect in Budget FY25, BFSI News, ET BFSI

As Finance Minister Nirmala Sitharaman prepares to present her Budget this month, the focus will be on crucial decisions impacting the banking and insurance sectors. Key reforms and regulatory adjustments are anticipated, reflecting the government's continued efforts...

Walmart, Chipotle criticized over prices

Walmart, Chipotle criticized over prices

When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers' to-do lists.Customers didn't necessarily see it that way. On TikTok, some...

USDJPY Finds Strong Support at Key Fibo Zone

USDJPY Finds Strong Support at Key Fibo Zone

USDJPY hits key Fibo retracement level But momentum indicators still point to weakness A break above 161.35 could pave the way towards 161.65 A slide below 160.35 may invite more bears USDJPY traded higher today after it triggered some buy orders near the 160.35...

Could US CPI Report Finally Bring About a Fed Pivot?

Could US CPI Report Finally Bring About a Fed Pivot?

Further decline in headline CPI is expected in June Labour market is also showing signs of slowdown Will Thursday’s report (12:30 GMT) convince the Fed it’s time to cut? Ahead of that, Powell testifies on Tuesday (14:00 GMT) Fed still not convinced After several...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0813; (P) 1.0827; (R1) 1.0854; More…. Intraday bias in EUR/USD remains on the upside, as rise from 1.0665 is in progress for retesting 1.0915 resistance. Firm break there will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next....

Steady as France faces hung parliament :: InvestMacro

Steady as France faces hung parliament :: InvestMacro

By ForexTime France’s Left-Wing coalition bags surprise victoryNo outright majority means hung parliament outcomeFRA40 bounces from 200-day SMAKey levels of interest – 7790, 7700 & 200-day SMAFXTM’s FRA40 moved higher on Monday as markets digested the unexpected...

ECB’s Knot rules out July rate cut

ECB’s Knot rules out July rate cut

ECB Governing Council member Klaas Knot has indicated there is no case for another rate cut in July. In an interview with Handelsblatt, Knot stated, “I don’t see a case for another rate cut in July.” He emphasized that the next ECB meeting that will consider rate...

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