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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 […]

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0542 without any bright trend. Today a link of decline to 1.0480 followed by growth to 1.0540 should be expected. With an escape from the range upwards, the pair may proceed to 1.0650. With an escape downwards, a pathway down to […]

US CPI In Focus The headline market event today is the US CPI release for November. The data will be the final key input ahead of the December FOMC tomorrow and on the back of the fall in October inflation, the data today will likely be pivotal for the early 2023 US rates outlook. Market […]

All Eyes on US CPI Ahead of Tomorrow’s FOMC Global equities benchmarks have seen relatively muted action so far this week as traders await today’s headline US CPI event ahead of the November FOMC tomorrow. October’s CPI reading was a major market event fuelling a wave of USD sales which helped underpin equities sentiment and […]