On 11 June, the ECB is holding the second day of its Governing Council meeting. The interest rate decision will be announced at 14:15 CET, followed by a press conference by Christine Lagarde at 14:45 CET. Markets are focused on the possibility of a 25-basis-point rate increase to 2.25%. The case for further tightening is…
The short-term Elliott Wave structure from the May 6, 2026 peak is developing as a clear five-wave impulse. From the May 6 high, wave ((i)) concluded at $74,192, followed by a corrective rally in wave ((ii)) that terminated at $78,000. After this retracement, the cryptocurrency resumed its decline in wave ((iii)), which itself unfolded as…
Key Highlights AUD/USD started a fresh decline below 0.7120 and 0.7080. A bearish trend line is forming with resistance at 0.7065 on the 4-hour chart. Bitcoin started a consolidation phase above $60,000. Gold extended losses below $4,200 and tested $4,050. AUD/USD Technical Analysis The Aussie Dollar failed to stay above 0.7120 and declined against the…
EUR/USD Analysis Summary Today Overall Trend: Remains Bearish. Support Levels for EUR/USD Today: 1.1515 – 1.1460 – 1.1380 Resistance Levels for EUR/USD Today: 1.1585 – 1.1640 – 1.1750 EUR/USD Trading Signals: Buy scenario: From the support level of 1.1465 with a target of 1.1620 and a stop-loss at 1.1400 Sell scenario: From the resistance level…
Today’s Gold Analysis Overview: The Overall Gold Trend: Strongly Bearish. Today’s Gold Support Points: $4210 – $4140 – $4000 per ounce. Today’s Gold Resistance Points: $4340 – $4460 – $4500 per ounce. Today’s Gold Trading Signals: Bullish Scenario: Buy gold from the support level of $4190 with a target of $4450 and a stop-loss at…
Intraday bias in GBP/USD remains neutral as range trading continues. On the downside, break of 1.3300 will target a retest on 1.3158. Firm break there will extend the whole fall from 1.3867 to 100% projection of 1.3867 to 1.3158 from 1.3657 at 1.2948. For now, risk is mildly on the downside as long as 1.3508…
The United States dollar initially fell against the Canadian dollar on Tuesday but has turned around as we are seeing the crude oil markets drop. After all, the crude oil markets dropping is based on the idea that more oil is getting through the Strait of Hormuz and the general vicinity than anticipated. If that…
Markets received some welcome relief from US inflation data today, but the respite might prove short-lived as renewed geopolitical tensions quickly returned to the forefront. While headline CPI accelerated to its highest level in three years, the underlying details were slightly softer than feared, allowing investors to step back from the idea that the Federal…
LONDON, June 10, 2026 (GLOBE NEWSWIRE) — As institutional funds continue to flow into AI-driven trading and quantitative finance, global financial markets are accelerating their transformation towards automation and data-driven models. A growing number of hedge funds, asset management firms, and fintech platforms are deploying AI-driven quantitative models, automated execution systems, and real-time data analytics…
US CPI accelerated from 3.8% yoy to 4.2% yoy in May, matching expectations and reaching its highest level in three years as the energy shock continued to work its way through the economy. However, the details of the report were somewhat slightly less alarming than feared. Core CPI edged up from 2.8% yoy to 2.9%…