Europe at extremes: From Brexit to the Next Generation EU
March 16, 2023
The European project is having a year to remember at both extremes regarding integration. One of its members left the block and months later, the remaining 27 members agreed to create a fund that will give grants to some of them, in a move that could deepen economic integration.
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Will Bitcoin keep rising? Technicals point to further gains but…
March 16, 2023
While the US dollar was falling across the board, Bitcoin kept rising, accelerating the rally on Friday. It had the biggest weekly gain since early May (more than 7%). BTC/USD broke a downtrend line, strengthening even further the bullish scenario. The daily and weekly chart presents a set-up favouring more gains. However, a robust resistant band is seen.
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Gold keeps rising and rising: is time for a surprise?
March 16, 2023
Gold rose a hundred dollars in the week. How much fuel does the rally have? When everybody sees prices moving in one direction, odds of a surprise increase.
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Nasdaq: Rally falters as earnings season unfolds; What's next?
March 16, 2023
US stocks continue to pull back from recent highs. On Tuesday, all three main Wall Street indexes closed into the red as investors digest corporate earnings results and await stimulus news.
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Apple stock split: A reflection of the current rally
March 16, 2023
Apple announced its Q2 results and a four-for-one stock split. The split is possible because the price has risen so much over the last six years. This is not the first split and it might not be the last one.
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Will August be friendlier to the US dollar?
March 16, 2023
The week begins with the US dollar staging a recovery and cutting part of its recent losses versus most of its counterparts. A bounce in US bond yields and an overdue technical correction seem to be driving the dollar up.However, July was a different story. The greenback was among the worst performers in the FX space, with the Dollar Index (DXY) posting its lowest close since April 2018 and recording a 4,03% loss, the worst in percentage terms in almost a decade. Will August be friendlier?
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July FOMC Meeting: Laying the ground for September
March 16, 2023
The Federal Open Market Committee (FOMC) is expected to leave monetary policy unchanged at its July meeting, although some analysts are anticipating the Fed will move to more dovish rhetoric, laying the ground for September meeting.
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July: The month of gold, BTC and techs
March 16, 2023
July was a month of record highs for many stocks, led by the tech sector. While the economy continued to suffer from the coronavirus, Wall Street and Chinese markets soared, but that was not the case in Europe. Gold and silver shined like never before, while the US dollar suffered significant losses.
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US GDP: From the worst to the best quarter ever, or something like that
March 16, 2023
The United States recorded its worst-ever growth figure in the second quarter. The lockdowns from COVID-19 triggered an economic contraction not seen before in recent history. Last week data showed US GDP dropped by an annual rate of 32.9% (Q2 advanced estimate).
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EUR/USD: Correction gains speed as the US dollar recovers strength
March 16, 2023
The EUR/USD posted its seventh weekly gain in a row but closed Friday far from the top and on a weak note. At the same time, after a sharp slide, the US dollar offered firm signs of a correction or at least, some consolidation in the market. The question regarding EUR/USD is how significant could the pullback be. Has the pair already peaked or the current down move should be seen just as a correction?
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