Day: December 14, 2022
On Wednesday, the currency major is waiting for the Fed’s decision. The current quote is 1.0630. Yesterday EURUSD went through a real rally, and for a serious reason. The US published the CPI for November, and these statistics surprised investors and economists. Inflation dropped to 7.1% y/y from 7.7% previously, while the forecast result had […]
EURUSD, “Euro vs US Dollar” The currency pair escaped the consolidation range upwards and exhausted the whole potential of the wave of growth at 1.0670. Today the market is forming an impulse of decline to 1.0594. After this level is reached, growth to 1.0633 will become possible. Then a decline to 1.0540 will follow. GBPUSD, […]
At the third attempt, the BTC finally did rise above the intermediate resistance level of 17,200 USD and secured above it. On Wednesday, the leading cryptocurrency is fluctuating near 17,798 USD. This is very good news. Securing above the resistance level the BTC opened for itself a pathway to an important resistance level of 18,500 […]
The GBP grew significantly against the USD. The current quote is 1.2340. This surge of optimism was solely thanks to the weakness of the USD. According to the statistics for today, the CPI in Britain in November dropped to 10.7% y/y. The previous result was 11.1%, which was the high since 1981. The forecast had […]
US Inflation Cools Further The peak inflation narrative has been given a further boost this week with the latest US and UK inflation data showing a cooling of consumer prices in both economies. In the US, annualised inflation was seen falling back to 7.1% last month, marking its lowest level since December 2021. This marks […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the support line downwards. A test of 3/8 (134.37) is expected, followed by a breakaway and falling to the support level of 2/8 (131.25). The scenario can […]
Daily Market Outlook, December 13, 2022 US Inflation Data Eyed After An M&A Monday Rebound in Risk Appetite A flurry of end of year Merger & Acquisition activity provided a bid to Wall Street, with over $70 billion worth of deals announced yesterday, headlining the activity was Amgen who announced a deal to $26 billion […]
Forex Trading Sessions Time is money and in Forex industry this is true. The Forex Market is 24 hours open during weekdays but this does not necessarily mean that you should trade Forex at any time. Understanding the different Forex trading sessions is key to identifying the best times to trade and the best forex […]
Technical Trade Levels Ahead of CPI & FOMC Releases Source: Tickmill
Further Poor UK Data On the back of yesterday’s UK GDP print which showed that economic activity contracted 0.3% in the three months through October, UK traders suffered yet further bad news today. UK wages were seen rising 6.1% over the same period, up from 6% prior while the unemployment rate increased to 3.7% from […]
