Ipek Ozkardeskaya
Swissquote Bank Ltd
Elon Musk declares himself Technoking of Tesla which stays ahead of the electric car game, but Volkswagen follows closely behind. AstraZeneca in difficulty, the Fed begins its two-day meeting and Bitcoin falls.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
Recommended Content
Editors’ Picks
AUD/USD finally broke above 0.6700… will it last?
AUD/USD added to Tuesday’s advance and rose markedly in a context favourable to the risk-associated space following the sharp data-driven sell-off in the Greenback, while auspicious results from the domestic calendar also lent legs to AUD.
EUR/USD: Bullish outlook expected above the 200-day SMA
EUR/USD extended its multi-session recovery north of 1.0800 the figure following the persistent retracement in the US Dollar and against the backdrop of steady expectation ahead of the second round of French elections on July 7.
Gold reaches $2,360 on broad USD weakness
Gold gathers bullish momentum and trades at its highest level in nearly two weeks above $2,360. Following the disappointing ADP Employment Change and ISM Services PMI data from the US, the 10-year US yield declines sharply, helping XAU/USD extend its daily rally.
Ripple legal battle underway as on-chain metrics turn bullish, XRP eyes recovery to $0.50
Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss (NPL) have turned bullish, supporting a recovery in the altcoin.
Disinflation in the United States: The scale of the sacrifice on the labour market
Since a 1977 act, the dual mandate of the Federal Reserve (Fed) has de jure entrusted it with the objectives of maximum employment and price stability (the latter being expected to favour the former in the long term).