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Market News 17/8
⬆ The Reserve Bank of New Zealand increased the Official Cash Rate by 50 basis points to 3%. The central bank expects to keep raising the rate to 4% – it’s one of the leaders of global tightening. The NZD gained versus other currencies but then started pulling back. 🙀 Inflation in the
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Euro Edges Despite Weak German Data
#OPINIONLEADER# The euro is in positive territory today extending the gains seen on Monday. In the European session, EUR/USD is trading at 1.0262, up 0.35% on the day. German manufacturing declines The data out of the eurozone was none too encouraging today, but the euro shrugged off
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Gold Edges Higher, Descending Trendline in Focus
#OPINIONLEADER# Gold has been experiencing a sustained downtrend since early March, creating a profound structure of lower highs and lower lows. However, the precious metal managed to cease its decline at the one-year low of 1,681 and is currently in recovery mode, targeting its
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Ethereum Outperforms Bitcoin as Merge Continues to Attract Attention
#OPINIONLEADER# The major cryptocurrencies have been steadily climbing since mid-June, recovering somewhat from the heavy losses suffered from April and emulating the stock rebound on Wall Street. Bitcoin has gained a healthy 30% from the June low point, but its rival Ether – the worl
