Here's the scoop: The Bank of England (BOE) is set to accelerate the pace at which it shrinks its balance sheet, according to one of its deputy governors. Currently, the BOE is unwinding about £20 billion of quantitative easing every three months. The goal is to reduce the stock by around £80 billion per year through active sales and maturing assets.
NZD/USD: the kiwi faces the uncertainties
2019-11-11 • Updated
SELL 0.6840 SL 0.6895 TP1 0.6760 TP2 0.6695 TP3 0.6630,
BUY 0.6895 SL 0.6840 TP1 0.6970 TP2 0.6990 TP3 0.7050
On the daily chart of NZD/USD, the "Three Indians" pattern is implemented. Bears managed to move the pair out of the upward channel. They plan to break the support at 0.6750, activate the "Shark" pattern and reach its 88.6% target.
On H1, the pair moves down due to the combination of the "Three Indians" and "Spike and Ledge" patterns. If the bearish pressure continues, the pair may retest the lower border of the "ledge". Otherwise, if its upper border is broken, bulls will push the pair up.
It seems like the Canadian consumer has a firm grip on their wallet, which is no surprise given the current economic climate. Inflation in April crept up from 4.3% to 4.4%, adding to the financial woes.
On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.