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.
USD/CHF: the franc has paused
2019-11-11 • Updated
BUY 1.0055 SL 1.00 TP 1.0145 TP2 1.0245 TP3 1.0345
SELL 0.996 SL 1.0015 TP1 0.987 TP2 0.977 TP3 0.972
On the daily chart of USD/CHF, there is a consolidation in the range of 0.996-1.0055 within the uptrend. A break of its upper boundary will let the pair move upward to 113% target of the “Shark” pattern. Alternatively, a break of the consolidation’s bottom line will increase risks of the correction to 78.6% and 61.8% from the XC wave.
On H1, if the “Bat” pattern is implemented, bears will be able to pull the pair to 0.996.
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%.