The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the European Central Bank has won an important battle against the recent energy-driven inflation shock. Headline inflation slowed from 3.2% to 2.8%, while core inflation eased from 2.6% to 2.4%, both undershooting market expectations. The figures suggest the
Bitcoin technical outlook From a technical perspective, Bitcoin remains under pressure despite showing tentative signs of stabilisation following its recent sell-off. Bitcoin bearish scenario Should Bitcoin fail to defend its recent 22-month low at $57,748.80, another wave of liquidation could emerge, exposing support around the mid-August-to-mid-September 2024 lows at $57,526.43-to-$56,148.93. Failure there may trigger a
2026.07.01 2026.07.01 What Are AI Crypto Coins? Maxim Tkachenkohttps://www.litefinance.org/blog/authors/maxim-tkachenko/ What is AI cryptocurrency? This is a question many people ask as the worlds of artificial intelligence and blockchain continue to converge. Unlike Bitcoin, which primarily serves as a store of value, AI cryptocurrencies combine AI and blockchain technology to create tokens with real-world utility. They
Sweden’s industrial economy expanded at the quickest pace in four-and-a-half years in June, survey data from Swedbank and the logistics association SILF showed on Wednesday. The purchasing managers’ index for the manufacturing sector rose to 58.3 in June from 57.4 in May. A reading above 50 indicates expansion, and the latest PMI reading was the
Macro update Yen falls to its weakest level in four decades: The dollar climbed to ¥162.84, its highest level since 1986, despite investors remaining alert to the possibility of intervention by Japanese authorities ahead of Thursday’s US employment report. Dollar strengthens as Treasury yields climb: A sharp overnight rise in US Treasury yields, with the
Key takeaways The S&P 500 ended Q2 2026 on a strong note, but technical momentum is showing signs of fatigue. A two-day rally lifted the index to its best quarterly performance since Q2 2020, although prices are now approaching a key technical resistance zone. Quarter-end institutional positioning and easing geopolitical tensions fuelled the rebound. Window
Silver traders are focused on Thursday’s US Non-Farm Payrolls report, but the metal’s next major move could begin a day earlier. After days of listless sideways trading, Silver has failed to generate any meaningful recovery despite stabilizing above recent lows. That lack of buying enthusiasm suggests the recent downtrend is still intact. Before payrolls even
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2026.07.01 2026.07.01 Short-Term Analysis for Oil, Gold, and EURUSD for 01.07.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold tested
China’s manufacturing activity logged a robust growth in June, completing the strongest quarter since the fourth quarter of 2020, survey data released by S&P Global showed Wednesday. The RatingDog China manufacturing Purchasing Managers’ Index posted 51.7 in June, down from 51.8 in May. Although the score fell to a three-month low in June, it remained
House price index 0.0% vs 0.0% m/m expected Prior -0.6% House price index +2.2% vs +2.4% y/y expected Prior +1.7% The latest snapshot from Nationwide shows that the annual house price growth in the UK moved up a little in June, but arguably owes to base effects for the most part. That as the monthly
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Summary: Vance says Trump ready to resume Iran strikes if talks fail, per social media citing Al Jazeera; WSJ later reported Trump has been briefed on full-scale war options but is sticking with diplomacy for now, tolerant of the August 18 deadline slipping Oil rangebound, gold slips back under US$4,000 BoJ Tankan shows big manufacturer
The NASDAQ Composite ended the second quarter with its strongest performance in six years, but the bigger story may be what comes next. After surging 21.41% during the quarter to close at 26,213.72, the tech-heavy index appears to have completed a healthy consolidation following its record intraday high of 27,190.21 on June 1. The market’s
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here. prior close 6.7880 Injects 100bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com. Source link
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