Latest Market News
US CPI In Focus Today might well prove to be a pivotal day for the US Dollar with both the March CPI release and March FOMC minutes due. Inflation has been the catalyst behind the market’s shifting view on the Fed. With inflation having cooled sharply from last year’s highs, so too has the market’s […]
TitleXAUUSD H1 | Short term bearish reversal TypeBearish Reversal Preference:Price has just bounced off our pivot at 2001.844, which is an overlap resistance level along with a 38.2% Fibonacci retracement. If there is a reversal from this point, price could potentially drop down to1st support level at 1988.226, which is an overlap support level Alternative […]
Tide Turns For USD Following a strong start to the week yesterday, the US Dollar is seen surrendering gains on Tuesday as traders begin looking beyond Friday’s Jobs data towards the US CPI release due tomorrow. An upside beat on the headline NFP reading as well as an improvement in the unemployment rate saw USD […]
The FTSE Finish Line – April 11 – 2023 FTSE 100 Trading Around The Flatline Supported By Miners The FTSE 100 is trading with meagre gains as traders return from the holiday extended weekend, after opening lower support came by way of a boost from industrial miners as Cooper prices extended its advance, this was […]
GBP Rallying The British Pound has emerged as one of the strongest performing currencies on Tuesday as traders return following the long Easter weekend. The recent surprise upside in UK inflation has renewed the market’s hawkish BOE expectations, lifting the likelihood of continued tightening from the BOE in coming months. With BOE expectations now sitting […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 5/8 (0.6652) is expected, after which the price could drop to the support at 4/8 (0.6591). The scenario can […]