The British pound continues to rally on Tuesday after recording back-to-back winning days. In the North American session, GBP/USD is trading at 1.2544, up 0.33%. Earlier, the pound touched a high of 1.2559, its highest level since September 6th.
Bank of England Governor Bailey testified before the Parliament's Treasury Committee earlier today. Bailey had a clear...
The Australian dollar is in positive territory on Monday. In the European session, AUD/USD is trading at 0.6553, up 0.59%. The Aussie is flexing its muscles, gaining some 3% in the past week.
The Reserve Bank of Australia releases the minutes of the meeting earlier this month on Tuesday. There wasn't much of a surprise as the RBA raised rates by a quarter-point...
The Australian dollar started the week by dropping 50 basis points but has recovered most of these losses. In the European session, AUD/USD is trading at 0.6488, down 0.12%.
It has been a rough ride lately for the Australian dollar. The currency fell 1.17% against the US dollar last week and has plunged 3.39% in the month of August.
Australia's inflation rate...
This week we see what the fed is truly made of. Given continued hawkishness from the Fed in their minutes, by the end of Wednesday I believe we could be hovering just above the pre-covid highs in wait of the inflation report Thursday. If inflation is shown not to be slowing down I believe the follow through on this move down could be jaw dropping. In that case,...
The Australian dollar has edged higher on Wednesday. AUD/USD is trading at 0.6950 in European trade.
Australia's inflation rate accelerated in the second quarter, but the market reaction was muted, as the 6.1% gain was a notch below the estimate of 6.2%. Inflation still remains the RBA's number one problem, as CPI jumped from 5.1% in Q1. With inflation coming in...
Goodday traders,
Big day today again in the market with US CPI eyed and the FOMC minutes later in the day. A little breakdown of some scenarios so we are prepared:
CPI
🔷 Scenario 1: CPI higher than forecast (>4%)
Dollar will break the 94.5 weekly resistance and most likely will settle the week with more bullishness to expect in the coming weeks. Expect a...
Gold rises for the fifth straight day even as market sentiment dwindles. In doing so, the yellow metal keeps the previous day’s upside break of 100-DMA amid recovering oscillators. This in turn joins the market’s cautious mood ahead of the FOMC minutes. Given the US dollar pullback adding to the aforementioned catalysts, gold prices remain ready to battle a...
The price of usd/jpy is not able to break up the static resistance. This because of the macro scenario we can find around the us economy. We can find the minor one around 111.90. From here it is channeled again into a very short/short-term downtrend. That should bring it back to test the dynamic support area. As this movement is one of the most common in this...
Hey guys!
Today my intention was to upload a trade update idea on Gold, because we entered another buy. We will be doing it tomorrow night...
This one is quite a better one with a nice setup just formed minutes ago during FED announcement. We were waiting on USDCAD for another move to the top - for a short entry after 3 cycles of bullishness. The high was...
Bitcoin / Dollar :-
On an hourly chart the prices have taken support at 61.8% Fibo.
A new short term target gets activated once bitcoin breaks above 9039.
Target upon breakout from 9039 is 9341.
Visible on the chart is the Fibo Target as drawn.
Minutes from the central bank's December meeting showed that almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases.
Policymakers were clear that the outlook for fiscal easing remained uncertain, but it could, if implemented,...
