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The team consists of financial market experts who study the market movements and provide in-depth analysis to assist our traders. Our dedicated professionals regularly prepare reviews on the economic situation, foreign exchange market as well as news and reports on Crude Oil, Gold, Stocks Indices and more! Our analysis is regularly published in the leading economic global media.
The US will release its official labour market report tomorrow, and traders are busy analysing data from related indicators, which consistently point to a market improvement rather than a looming recession. The fast-growing indicator for new vacancies rose again in... Read more
The euro is hovering around the $1.07 level, barely recovering above that mark on Thursday morning despite a sharper-than-expected drop in inflation. Eurostat’s preliminary estimate showed a decline in annual inflation in May to 6.1% from 7.0% in April. Economists... Read more
Market picture The crypto market has lost another 0.8% of its capitalisation in the last 24 hours, rolling back to $1,128, where it was last Friday. Bitcoin is down 1.4%, Ether is down 0.8%, and the top altcoins are mostly... Read more
Consumer prices in Germany fell by 0.1% in May, compared with a rise of 0.2% forecasted by analysts, according to a preliminary estimate by Destatis. Year-over-year inflation in Europe’s largest economy slowed to 6.1% from 7.2%, the lowest rate since... Read more
Weak Chinese manufacturing data put pressure on the single currency as Europe, particularly Germany, is highly correlated with China. However, the Eurozone’s data is not so bad today. The number of unemployed in Germany rose by 9K, down from 23K... Read more
The official services and manufacturing PMIs were much weaker than expected, adding to the move into defensive assets on concerns over China’s economy. The Manufacturing PMI fell from 49.2 to 48.8 instead of the expected 49.5. Readings below 50 indicate... Read more
Market picture Cryptocurrency market capitalisation fell 1.8% over the last 24 hours to $1.136 trillion. After failing to build on the weekend’s gains, the cryptocurrency market came under pressure during the Asian session on Wednesday morning as sellers moved into... Read more
Recent eurozone data showed a stronger economic response to the monetary tightening that has already taken place. Spain reported that consumer inflation slowed from 4.1% to 3.2% y/y in May, against expectations of 3.6% y/y. This is a new low... Read more
The dollar continues to rally, having gained around 3.4% from its early May lows, and has hovered around 104.2 for the past four trading sessions. The dollar is in locally overbought territory against a basket of major currencies, the euro... Read more
Market picture The crypto market cap has fallen by 0.5% over the past 24 hours to $1.156 trillion, as it pulled back from the extremes at the start of trading on Monday. However, the market has remained positive for the... Read more
Silver jumped 2.8% on Friday, an important signal of the end of the bearish momentum that has seen the price fall by more than 13% in three weeks. Although silver is resting on Monday along with most developed markets, Friday’s... Read more
WTI remains within the upward trend formed in early May. However, be prepared for another test of this trend support at $71 and a possible move lower. The current upward trend in oil has been shaped by signs that the... Read more