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?
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Is it safe to buy Bitcoin now?
Bitcoin could be a potential haven for Russian oligarchs seeking to avoid sanctions, as there will be no censorship on the Bitcoin network and cryptocurrency transactions. Russians may have trouble converting their money back to fiat, yet the cryptos could act as a robust store of value for a significant part of holdings that do not need to be liquid.
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
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Canadian CPI, Top-down Analysis and Trade Ideas
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
