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TitleAUDUSD H4 | Rising into 50% Fibo TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.63991 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.63324 which is a swing-low […]
The British pound sterling, paired with the US dollar, continues to decline. The current GBPUSD exchange rate stands at 1.2140. Today’s pound levels represent new six-month lows. Investors believe that the Bank of England has concluded its aggressive cycle of monetary policy and is not expected to raise interest rates in the near future. This […]
The major currency pair has slipped even lower by Thursday. The current EURUSD exchange rate stands at 1.0495. This places the US dollar at a ten-month high. The primary reason behind this trend is the strong market belief in the Federal Reserve’s prolonged period of elevated interest rates. In this context, the yield on the […]
On Wednesday, the Treasury bond market was hit by a new wave of sell-offs. The yield on 10-year bonds surged by 11 basis points in a short span of time, setting a new local high: The sell-off was apparently triggered by the durable goods orders report. The market had expected a 0.2% decline for the […]
Energy Prices Stoke Concerns UK shares have come under heavy selling pressure again today with the FTSE falling around more than 1% over early European trading on Thursday. The index is now down almost 3% from the September highs and looks vulnerable to further losses through the end of the week. The driver behind the […]