Forex

The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions. Source link

Markets No surprise from the ECB today as the central bank kept its deposit rate unchanged at 4%. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. New staff projections show downward revisions to inflation forecasts this (5.4% from 5.6%) and next (2.7% from 3.2%)

The pair is expected to continue its general upward trend as long as it stabilizes within the borders of the mentioned price channels.  Forex Brokers We Recommend in Your Region See full brokers list   Risk 0.50%. Entering a buy deal with a pending order from the 28.90 level. Place a stop loss closing point

US 500 index posts 5-day bullish rally Technical oscillators look overbought The US 500 index (cash) stormed higher after validating the previous high of 4,607. Although, the price jumped to its highest level since January 2022 at 4,728, extending the strong rebound off 4,100 that it has last October. Technically, the RSI climbed above the 70 level

The USD/JPY exhibited initial strength on Wednesday. Anticipation revolves around the Fed’s imminent statement, followed by the Bank of Japan’s decision. Source link

The US dollar index continued its downtrend after the Fed decision.  Forex Brokers We Recommend in Your Region See full brokers list   Buy the AUD/USD pair and set a take-profit at 0.6700. Add a stop-loss at 0.6620. Timeline: 1-2 days. Set a sell-stop at 0.6650 and a take-profit at 0.6600. Add a stop-loss at

DXY: The DXY (US Dollar Index) chart currently shows a bearish overall momentum, indicating a downward trend in the US dollar. Price could potentially continue this bearish movement towards the 1st support level. The 1st support at 102.46 is categorized as a swing low support, and it has historical significance as a level where buying

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar weakens across the board as the Federal Reserve signals numerous rate cuts for next year The FOMC’s dovish policy outlook sends Treasury yields tumbling This article focuses on the technical outlook for EUR/USD, USD/JPY and GBP/USD in the wake of the Fed’s tentative pivot Most

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The USD/JPY price could drop anytime if it stays below the downtrend line. The FOMC should bring high volatility. A hawkish speech should lift the greenback. The USD/JPY price ended its minor retreat and is now fighting hard to post a meaningful recovery. The pair is trading at 145.81 at the time of writing, far

USD/CAD was consolidating in a range for several trading sessions but started to make a move after the release of the US CPI numbers, temporarily falling below the support zone around 1.3550. However, it rapidly reversed higher, climbing above technical indicators which was a bullish sign. Source link

The November inflation report from the US came in line with expectations, with CPI ticking down to 3.1% and core CPI staying at 4.0% Source link

Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Barclays’ currencies team has an interesting note out this week on something a lot of people believe in, even though logic says it can’t exist: forex seasonality. Efficient, frictionless markets just shouldn’t be affected by the

EURJPY pauses sharp downfall near 200-day SMA Oversold, but trend signals remain discouraging EURJPY turned oversold near its 200-day simple moving average (SMA) after a heavy bearish storm squeezed the pair from fifteen-year highs to a four-month low of 153.00 last week. The latest freefall in the price has breached the June-November bullish channel, charting a new lower

The EUR/USD exhibited substantial volatility on Monday. The market anticipates continued turbulence, grappling with uncertainties about monetary policy. Source link

The US inflation data will shape the Federal Reserve’s policy decision on Wednesday. US headline inflation for November is expected to remain flat. The interest rate differential between the UK and the US might widen in the coming year. Traders shifted their attention to upcoming US inflation data and various central bank meetings, leading to

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This week we have some major economic events coming up, starting with the US CPI inflation report for November, which will be released tomorrow, followed by retail sales and three central bank meetings. Source link

Markets The Japanese yen last week grabbed a lot of market attention over speeches by the Bank of Japan’s number 1 (governor Ueda) and shared number 2 (deputy governor Himino). Both fanned speculation over an imminent (ie December 19) policy shift, lifting Japanese yields and with it the yen. The currency hijacked the spotlights again

Taipei, Dec. 11 (CNA) The U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.138 to close at NT$31.512. Source link