Day: December 16, 2022
The key question ahead of today’s ECB policy meeting was whether the bank would opt for a large rate hike with a dovish statement or deliver modest tightening policies while retaining a hawkish stance. The meeting indicated that the ECB leaned in favor of the second option. In its statement, the ECB did not skimp […]
Bitcoin has pulled from the level of 17000, targeting the level of 18000. Currently, the price of Bitcoin is approaching the level of 18500. The asset is likely to pull from this level and drop next to the uptrend. It is possible that Bitcoin will undergo correction and head up. Silver is heading up. Hence, […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are in the oversold area. The RSI has bounced off the support line. An upwards breakaway of 0/8 (0.9277) is expected, followed by growth to the resistance level of 2/8 (0.9521). The scenario can be cancelled by a downward breakaway of the support level of […]
BOE & ECB On Deck Today Following on from the Fed yesterday, the BOE and ECB December meetings will take centre stage today. Both central banks are expected to hike by a further .5% while signalling the need for continued hikes into next year. However, if we’re looking at where the risks lie in terms […]
Daily Market Outlook, December 15, 2022 Asian equities are trading on the backfoot following last night’s more hawkish read from the US Fed policy decision, while the pace of tightening was reduced, with interest rates increasing by 50bp (to a Fed funds rate of 4.25-4.50%) compared with the 75bp hikes at the prior four meetings, […]
