G20: what did the leaders decide?
The G20 summit took place in Bali, Indonesia, on November 2022…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
TRADE IDEA: Major Currency Pairs to Watch Out For This Week
It is general knowledge that the Major currency pairs are pairs that have the US Dollar as either the base or quote currency. As a result, our trade ideas for major pairs will begin first with an analytical review of the US Dollar chart.
Powell and NFP Release Will Crash USD
Markets are pricing Feds 75-basis-points rate hike. Thus, all attention will be drawn to Powell's rhetoric regarding the next decision at the December 14 meeting. How will it affect the USD?
How will Sunak's Election Affect the Pound?
On Monday, October 24, Rishi Sunak was elected the new UK Prime Minister. What steps will he take, and how will it affect the British pound?
Recession: "The Worst is Yet to Come" - IMF Chief Economist
Last week, Pierre-Olivier Gourinchas, the IMF's chief economist, commented on the IMF's global economic outlook stating clearly that the worst was yet to come. For many people, he opined that the year 2023 would feel like a recession.
October 17 - 21 Weekly Outlook
XBRUSD and XTIUSD might experience massive volatility due to the Chinese GDP release on Tuesday, October 18.
Can China Make Big Changes?
On Sunday, October 16, the 20th Congress of the Communist Party of China will take place…
The Singapore Dollar: a Dark Horse Among Exotic Currencies?
In September 2022, USDSGD almost retested its peak of March 2020. The pair spiked above the 1.4400 level, driven by the strong US Dollar. Despite the obvious dominance of the USD, analysts believe that the Singapore dollar may be the one exotic currency worth our attention. Why do they share this opinion, and should we believe them?
Pairs to Watch for Reversals This Month
Over the last couple of weeks, GBPUSD and a few other commodities have breached their recent swing highs and lows, while some have even gone on to create new All-Time Highs and Lows
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
