News

The Fed is expected to deliver a 50 bp rate hike on December 14, continuing to meticulously dampen inflation pressure in the economy. However, the chances of a recession that markets price in continue to rise, as evidenced from the bond prices recovery and dollar sell-off. This undermines the Fed’s efforts to ease price pressures. […]

Daily Market Outlook, December 12, 2022  Investors Pare Risk Ahead of This Week’s Inflation Data & Central Bank Decisions Asian equity markets have started the week on the back foot, as investors pare risk positions ahead of tomorrow’s US headline inflation data coupled with major central bank announcements due Wednesday and Thursday. Friday’s firmer PPI […]

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0535. Today a link of decline to 1.0483 is expected, followed by growth to 1.0535. With an escape upwards, the price may grow to 1.0650. With an escape downwards, a pathway to 1.0390 will open. GBPUSD, “Great Britain Pound vs US […]

GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which indicates prevalence of an uptrend. A test of the upper border of the Cloud at 1.2145 is expected, followed by growth to 1.2640. An additional signal confirming the […]

American stock index S&P500 broke the uptrend and got back to it. Currently, the asset is trying to pull from the broken trendline. However, the index will have to break the level of 3930 first. After that, it might potentially hit the level of 3600. So, let’s wait and see what is going to happen […]

Metals Markets Await US CPI & Fed Following the rallies we’ve seen over the last month or so, both gold and metal look hungry to break out here. Both metals have seen choppier action in recent weeks though have still been grinding higher amidst a broadly lower US Dollar. The key decider this week will […]