ONLINE FOREX BROKER
2022-09-07 • Updated
All eyes seem to be on the US Dollar as traders await the Federal Reserve Chair's speech this Thursday. Mr. Powell, who will be speaking at the Cato Institute's Annual Monetary Conference, is expected to give actionable clues as to the Fed's decision regarding interest rates. The Dollar which is currently trading above the 20-year high of 108.9, seems to be heading even higher as there are speculations in favor of even more hawkish measures from the Federal Reserve Bank.
BTCUSD
Dim hopes for BTC as we approach a confluence of support. After declining over 72% from its All-Time-High since November, there may yet be some hope for a bullish bounce as BTC approaches a confluence region. The zone between $18,500 - $17,500 could provide some bullish relief for traders and investors alike. However, there are no clear indications of a bullish rally in sight just yet.
GBPAUD
GBPAUD has ended the day prior with a huge impulsive candle on the daily from the base of the channel, breaking above the previous 4-Hour high at 1.20353. Continuing along this road should take prices into the resistance zone between 1.21247 and 1.22417, from where the bearish trend can be expected to continue.
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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...
Gold prices have stabilized at around $2,020 ahead of Tuesday's trading session, following last Friday's dip. Recent fluctuations in risk sentiment have been the driving force behind the pricing of the precious metal. How does this look on the charts? Let’s find out.
The influence of the dollar as the world reserve currency is gradually falling. Is it possible that the euro will replace it? We are not so sure about that.
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%.
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