News

Fed Pushes Back on Rate-Cut Calls The US Dollar is seeing a decent bid across early European trading on Thursday. Last night, the Fed held its headline policy rate unchanged as expected while adding additional pushback against near-term rate-cut calls. The Fed warned that it was still too early to be expecting rate-cuts (signalling that […]

The EUR/USD pair isn’t catching a break, heading south for the second day straight and hovering around 1.0790 during the European session on Thursday. The mighty US Dollar is gaining traction against the Euro, riding high on the words of Federal Reserve Chair Jerome Powell, who slammed the door on a rate cut in the […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are on the 200-day Moving Average on H4, which reveals the lack of any trend. However, a convergence has formed on the RSI, signaling about a possible price rise. As a result, the quotes are expected to break the 6/8 (0.8667) level and reach the resistance at […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0886. The news provoked a decline impulse to the 1.0816 level and a correction to 1.0860. Today the market has performed a structure of a decline wave to 1.0794. Next, a correction link to 1.0828 is expected. Once the correction is […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2060.50. Upon testing the resistance, the price could break it and continue with the uptrend. However, the quotes might pull back to 2030.00 before growing. […]

The British pound sterling, paired with the US dollar, is being pulled down. The current GBPUSD exchange rate stands at 1.2675. The Bank of England will meet today to decide on the interest rate. The rate will likely remain at 5.25% per annum. The BoE will allow its counterparts to lead, initiating the reduction in […]