The Fed predicted fewer rate cuts in the coming year. Fed policymakers have assumed a less dovish stance due to the resilient US economy. The Bank of Japan gave little clues on future moves. The USD/JPY outlook took a sharp bullish turn on Wednesday as the Fed forecasted fewer cuts in 2025, and the BoJ

CFI Financial Group, the region’s leading online trading provider, has announced the launch of its pioneering program, “Trading Transparency+: Empowering Awareness and Clarity in Trading.” This initiative aims to tackle misinformation and market noise, helping individuals gain clarity on trading realities and access the resources they may need to determine whether trading aligns with their

Created on December 19, 2024 We have often mentioned that this trading week would be important and exciting. As expected, the US dollar has risen strongly against other major currencies after the Federal Reserve cut US interest rates by 25 basis points. Moreover, it indicated the end of a series of successive cuts. As a

Created on December 19, 2024 The EUR/USD pair has plummeted to a support level of 1.0343, the lowest for the currency pair since November 2022, before stabilizing around 1.0385 at the time of writing this analysis. The performance confirms the strength of the trading strategy that we recommended to our clients which was to sell

eth-usd Skerdian Meta•Thursday, December 19, 2024•2 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Share in Facebook “> Yesterday the FED delivered a 25 bps rate cut, today we have the BOJ and the BOE which are expected to keep

Nasdaq futures bounce off 21340 after sharp Fed-driven drop; fresh setups in focus Mixed momentum signals put emphasis on price action, especially in Europe and US Nasdaq respectful through the rout Nasdaq futures may have had an ugly decline following the Fed’s rate decision but it’s noteworthy the price remained respectful of technical levels, bouncing

Representational image. | Photo Credit: PTI The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday (December 19, 2024), as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for

Created on December 18, 2024 As previously anticipated, the EUR/USD pair has maintained a downward trend, stabilizing around and below the 1.05 support level, confirming the strong dominance of bears in the market. At the beginning of today’s crucial Wednesday trading session, the Euro-Dollar pair is stabilizing around the 1.0485 support level. Today, the primary

eth-usd Skerdian Meta•Wednesday, December 18, 2024•2 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Share in Facebook “> Today the Federal Reserve will hold it’s meeting and is expected to cut interest rates by 25 bps, but markets will focus

Created on December 18, 2024 The USD/CAD is within sight of highs from the climatic days of coronavirus in March and April of 2020, this time around it is because financial institutions are nervous about economic ramifications via the incoming Trump White House. Traders who have a bias towards the Canadian Dollar and believe the

Created on December 18, 2024 For four consecutive trading sessions, the gold price index has been subjected to selling pressure, pushing it towards the $2633 per ounce support level before stabilizing around $2645 per ounce at the beginning of trading today, Wednesday. Meanwhile, this comes ahead of a significant event for the financial markets in

The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%. Analysts at Apollo Global Management, in their Economic Outlook, predict: → In

NEW YORK, Dec. 18, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global foreign exchange market  size is estimated to grow by USD 516.48 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.31%  during the forecast period. Growing urbanization and digitalization is driving

The USD/JPY pair rebounded as markets awaited a hawkish FOMC policy meeting. The US retail sales report showed an unexpected jump of 0.7% in November. Japanese exports increased faster than expected in November. The USD/JPY forecast shows a rebound hours before the FOMC policy meeting. The dollar recovered after upbeat sales data pointed to continued

Data on Tuesday revealed that US retail sales jumped by 0.7% in November. Market participants are pricing a 97% chance of a Fed rate cut. Data revealed that inflation in Canada eased from 2.0% to 1.9% in November. The USD/CAD price analysis indicates a resurgence in bullish momentum following another positive US economic report. Meanwhile,

Created on December 18, 2024 The Ethereum market has been back and forth during the trading session as we continue to hang around the $4,000 level. This is an area that’s been acting a bit like a major barrier, and I think at this point in time, we’re basically waiting to get the “all clear”

Created on December 17, 2024 After attaining a low of nearly 5.8750 last Thursday, the USD/BRL has provided upwards momentum and yesterday’s highs broke new records as trading closed around the 6.1479 ratio by the end of the day. The USD/BRL has been hit by a few substantial gaps upon openings the past handful of

The Indian Rupee logo. Representational image. | Photo Credit: REUTERS The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday (December 18, 2024) and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Forex traders said dollar demand

Created on December 17, 2024 Potential Signal: I am a buyer of this pair on a break above the 200 Day EMA, if it is the daily close that is above there. At that point, it’s very likely that the GBP/USD pair will go looking to the 1.3060 level, and I would have a stop