GBPUSD bulls look to move into the 50% mean reversion area of the prior bearish impulse on the daily chart, as illustrated above. Bears need to break key support below 1.1100. As per the prior analysis, GBPUSD Price Analysis: Bears move … [Continue reading]
BoE to raise rates by 50 bps in December – Rabobank
On Thursday, the Bank of England raised interest rates by 75 basis points to 3%. Analysts at Rabobank expect a 50 bps rise in December and a 4.75% terminal rate. Key Quotes: “There has been a global debate about the current pace of … [Continue reading]
United States Initial Jobless Claims came in at 217K below forecasts (220K) in October 28
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Brazil Fipe’s IPC Inflation: 0.45% (October) vs 0.12%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CAD drops below 1.3700 as risk-off tone eases, US/Canada jobs eyed
USD/CAD has slipped below 1.3700 as the risk-off mood has eased marginally. Fed’s hawkish guidance brought a sheer decline in risk-perceived currencies. Oil prices have reclaimed $89.00 on a decline in oil stockpiles reported by the EIA. The … [Continue reading]
USD/CHF struggles to defend post-Fed rally above 1.0000 ahead of Swiss Inflation, US ISM PMI
USD/CHF seesaws around the highest levels in two weeks. Fed Chair Powell pushed back doves by hesitating over softer rate increases. FOMC matched market forecasts of announcing 75 bps rate hike. Swiss CPI, US ISM Services PMI may entertain traders, … [Continue reading]
AUD/USD jumps to session highs at 0.6475 after the FOMC statement
The aussie hits session highs at 0.6475 after Fed's decision. The market has seen the bank's statement tilted to the dovish side. The FOMC will take the cumulative tightening into account for future hikes. The US dollar reacted negatively … [Continue reading]
Tron Price Prediction: TRX prepares for short-term rebound
Tron price is moving closer to a bullish breakout with the appearance of a falling wedge. A 3% bullish move is expected from Tron's breakout point. Support at $0.0620 must be defended at all costs to prevent declines from stretching to $0.0610. Tron … [Continue reading]
EUR/USD to dip into the low-0.90s in the coming months – UBS
The recent pullback in the USD should not be seen as the beginning of a trend reversal. In the view of economists at UBS, EUR/USD is set to plummet to the low 0.90s before bouncing to 0.96 at the end of March 2023. Dollar strength to … [Continue reading]
Two reasons why Terra’s Luna Classic price could rally 17% soon
Luna Classic price is at a pivotal point and could trigger a 17% run-up to $0.000260. Investors can expect the $0.000165 to $0.000234 demand zone to play a critical role in pushing LUNC higher. A twelve-hour candlestick close below $0.000160 will … [Continue reading]