Day: December 13, 2022
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0542 without any bright trend. Today a link of decline to 1.0480 followed by growth to 1.0540 should be expected. With an escape from the range upwards, the pair may proceed to 1.0650. With an escape downwards, a pathway down to […]
US CPI In Focus The headline market event today is the US CPI release for November. The data will be the final key input ahead of the December FOMC tomorrow and on the back of the fall in October inflation, the data today will likely be pivotal for the early 2023 US rates outlook. Market […]
All Eyes on US CPI Ahead of Tomorrow’s FOMC Global equities benchmarks have seen relatively muted action so far this week as traders await today’s headline US CPI event ahead of the November FOMC tomorrow. October’s CPI reading was a major market event fuelling a wave of USD sales which helped underpin equities sentiment and […]
What are Bullish and Bearish Markets? In simply words, a bear market is the one which prices are heading down and a bull market is used to describe conditions in which prices are rising. Bullish Market A bull market has no specific definition but, is the condition of financial market in which prices are expected […]
The Australian dollar against the US colleague stopped at the quote of 0.6776. On the whole, the Aussie gives no reasons for being nervous. Nothing new happened in terms of the Chinese abrupt slow-down, while the monetary policy of the RBA looks adequate to the surrounding conditions. Morning statistics from Australia showed the CCI in […]
On Tuesday, the British pound against the US dollar continues to decline. The current quote is 1.2260. Today’s statistics from Great Britain came out ambiguous. The unemployment rate in October grew to 3.7% from 3.6%. The change had been anticipated due to seasonal and other processes in the employment sector. The number of unemployment claims […]
EURUSD, “Euro vs US Dollar” The currency pair is testing the signal lines of the Cloud. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0550 is expected, followed by growth to 1.0725. An additional signal confirming the growth will be a bounce off the […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is testing the support line. The pair is expected to rise above 7/8 (0.6774) and then reach the resistance level of +1/8 (0.6897). The scenario can be cancelled by a downward breakaway of […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support level. Hence, the pair is expected to rise above 7/8 (1.0620) to the resistance level of 8/8 (1.0742). Thrle scenario can be cancelled by a downward breakaway of […]
The Fed is expected to deliver a 50 bp rate hike on December 14, continuing to meticulously dampen inflation pressure in the economy. However, the chances of a recession that markets price in continue to rise, as evidenced from the bond prices recovery and dollar sell-off. This undermines the Fed’s efforts to ease price pressures. […]