Latest Market News
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 […]