<p>For some context, Rehn had been on leave since June last year as he made a bid for the Finnish presidency. He got ousted in the first round of the contest on Sunday though. Thus, failing to qualify for the run-off election next month. Rehn had been one of the more vocal ECB members in […]
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EUR/USD to finally break key technical support level this week?
<p>The dollar might be trading a bit more sluggishly today but the euro is underperforming even more. Traders have stepped up ECB rate cut bets slightly on the day and that is enough to put a drag on the single currency. EUR/USD is down 0.3% to 1.0818 and is now threatening a break under its […]
Everyone Is Watching Netflix. Here’s Why Streaming Platform Stocks Are Hitting the Roof
<p>Netflix shares skyrocketed in the latter part of January, bringing cheers to all Netflix stockholders. But what's the story for other market players? Let's delve into what everyone should know about the surge in the streaming platform and how analysts see its future.</p><p>First, check out the chart below, illustratin
HugeWin Casino is Redefining Crypto Gambling with a Rich Gaming Ecosystem
<p>HugeWin Casino, a newly established platform as of January 2024, has quickly garnered attention in the cryptocurrency gambling landscape. Its user-centric approach, coupled with an extensive array of gaming options, underscores its emerging status within the industry.</p><p>Extensive Gaming Portfolio</p><p>The platf
Bank models say dollar selling the flavour for this month-end
<p>Month-end hedging or rebalancing flows typically tend to pick up from the spot date (in this case, today) until the last day of the month itself. To start off the year, bank models appear to be signaling for mild but broad-based selling in the dollar.</p><p>Credit Agricole's model suggests that dollar selling is on the car
Dollar sluggish as lower yields weigh on the session
<p>USD/JPY is down 0.3% to 147.75 currently as lower Treasury yields is weighing on the pair. 10-year yields in the US are down to 4.10% and that is putting a slight drag on the dollar. The fall is still largely contained by the 200-day moving average though, which remains the key level to watch ahead […]
ECB's Kažimír says rate cut in June is more probable than in April
<ul><li>The next move will be a rate cut and it is within our reach</li><li>A rate cut in June is more probable than April but exact timing is secondary to the decision's impact</li><li>Patience is essential before making pivotal decisions</li><li>ECB is not behind the curve, it is markets gettin
Market Outlook for the Week of January 29th – February 2nd
<p dir="ltr">As usual, Monday is expected to be a relatively quiet day with nothing significant on the calendar. Moving on to Tuesday, Switzerland is set to reveal the KOF Economic Barometer, while the U.S. will get the CB Consumer Confidence and JOLTS Job Openings data.</p><p dir="ltr">Wednesday will bring the
ECB's Centeno says should start interest rate cuts sooner rather than later
<ul><li>Inflation is decreasing in a sustained manner</li><li>Almost all factors that drove prices up have dissipated</li><li>Should start cutting rates sooner rather than later, but avoid abrupt moves</li><li>No need to wait for wages data in May to make rate decisions</li><li>There are n
SNB total sight deposits w.e. 26 January CHF 472.2 bn vs CHF 473.4 bn prior
<ul><li>Domestic sight deposits CHF 463.2 bn vs CHF 464.4 bn prior</li></ul><p>Little change to overall sight deposits as it holds within the confines of the past few weeks.</p> This article was written by Justin Low at www.forexlive.com.