Day: March 23, 2023

Mar 23
EUR/USD Approaches Critical Resistance: What’s Next?

The currency pair EUR/USD is heading up. The asset is gradually approaching critical resistance at the psychological level of 1.1000. The asset’s price is likely to pull from this level soon. Time will tell when it might happen. Gold has pulled from the upper boundary of the range. The asset is heading down, targeting the […]

Mar 23
Market Spotlight: DXY In Focus Ahead of Fed

Fed in Focus Traders are bracing for the headline event of the week today with the March FOMC on deck later. Over the week ahead of the meeting expectations head been evenly split between a .25% hike and an unchanged decision. However, over the last 24 hours market has swung in favour of expecting a […]

Mar 23
Follow The Flow: GBPJPY Breaks Out On UK Inflation Beat

GBP Spikes on Inflation Jump GBP has soared into pole position across the G10 FX space over the European morning on Wednesday. The latest UK inflation data released today highlighted an unexpected uptick in consumer prices last month which has fed into hawkish expectations ahead of the BOE tomorrow. Prior to the data, traders had […]