Ethereum Starts August With Caution, Following its Best Month of the Year
ETH/USD managed to post a strong relief rally in July, stopping the second quarter’s free fall, while the new month begins on the back foot
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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ETH/USD managed to post a strong relief rally in July, stopping the second quarter’s free fall, while the new month begins on the back foot
The last week of July was dominated by the Big Tech earnings, but the auto industry, plane makers and retailers were also in the spotlight
The pair heads towards the conclusion of a very bad month and week, due to cool-down in Fed hike expectations and the negative Q2 GPD print from the US
The pair is having a bad day, unable to build on Wednesday’s post-Fed rise, but covers some of its losses, helped by the greenback's negative reaction to the US GDP contraction
The US economy posted second back-to-back quarterly negative GDP, according to the preliminary data that were just released, against expectations for marginal growth
The US central bank delivered another 75 basis point rate increase on Wednesday, but offered no guidance, while reiterating its commitment to bring inflation down and brushing off recession fears
Black gold steadies after a volatile day, as investors weighed IMF’s lower economic growth forecasts and API’s stock drawdown, while awaiting the Fed later in the day
Australia’s Consumer Price Index hit the highest levels in two decades, but was a tad lower than expected and the pair is cautious, as markets brace for the Fed’s monetary policy decision
The Fed’s monetary tightening has weighed on the sector and on Wednesday we expect its latest decision, while the week is also dominated by the quarterly results of tech heavyweights such Apple, Amazon and more
The British Pound shows some signs of exhaustion today, finding hard to extend its recent recovery past key technical levels, as markets brace for Wednesday’s Fed rate decision
ETH/USD comes from a strong week, during which it failed to break above key technical levels though, leading to a decline at the start of the new one
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