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This week saw a series of central bank meetings that delivered a plethora of surprises. In particular, the communication from both the Federal Reserve and the European Central Bank diverged from market consensus expectations. Strong data on the U.S. economy, including service activity indices (PMI), employment and wage growth in November, and changes in unemployment […]

TitleCHFJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference:Price is above the pivot point at 163.721, the pullback support, and could bounce off and rise to the 1st resistance level at 166.671, multi-swing high resistance. Alternative scenario:Price could break the pivot line at 163.721 and fall to 1st support level at 162.154, the swing-low support. […]

The primary currency pair surged even higher on Friday. The current EURUSD exchange rate stands at 1.0990. The market is full of optimism and interest in risk, benefitting the EUR and reducing the attractiveness of the USD as a safe-haven asset. The December meeting of the European Central Bank ended neutrally, precisely as expected. The […]

The British pound sterling has risen to four-month highs against the US dollar. The current GBPUSD exchange rate stands at 1.2767. The Bank of England kept its monetary policy at the December meeting without any changes. The interest rate remained at 5.25% per annum. The market noticed that the British regulator spoke about prospects or […]

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://youtu.be/JZ-z0uEMhU0?si=6krBfWtUcTpb1zEk Emini Nasdaq https://www.youtube.com/watch?v=r2T8PoIaVW4 Emini DowJones https://youtu.be/2iiOvRx4z3c?si=Q3wigFT0pV6Zs_0_ Source: Tickmill

FTSE Surges Post-BOE On the back of the Bank of England meeting yesterday, the FTSE is attempting to breakout above the 7678.8 level range highs. The meeting saw the BOE holding rates steady, while pushing back against those calling for imminent rate cuts. Instead, the bank warned that the battle against inflation was still not […]