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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 […]
On Wednesday, the Japanese yen against the US dollar is stabilising. The current quote is 132.44. Earlier the JPY grew noticeably because the USD declined. The Japanese Minister of finance Shunichi Suzuki has mentioned in his speech today that the country’s financial system looks stable. To react flexibly to price changes, the Ministry of Finance […]
On Wednesday, EURUSD is growing. The current quote is 1.0770. Today is a big day. This evening, the US Fed will close probably the most unpredictable meeting of recent times. The regulator needs to make a difficult decision: whether it should lift the interest rate by 25 base points and continue fighting with inflation or […]
Title EURUSD H4 | Potential Bearish Reversal TypeBearish Reversal Preference:Price is currently in our pivot area at 1.07666 which lines up with a 50% Fibo retracement which is an overlap resistance, if price were to reverse it could potentially drop to 1st support at 1.06858 Alternative scenario:However, if it breaks above the pivot, it could […]
Title US30 H4 | Potential reversal from a key resistance TypeBearish Reversal Preference:The current price is at our pivot of 32541.53, which is an overlap resistance level just slightly above the 50% Fibonacci retracement. If prices were to reverse, 1st support level at 32310.3 could potentially be tested. Alternative scenario:However, if the price breaks above […]
The BTC stopped at 28,147 USD. Prices for digital assets are growing slowly because the market is saving power for the end of the March meeting of the Fed. The intrigue is whether the Fed will lift the interest rate or not. Investors are ready to attack 29,000 USD, which will open a pathway to […]