The Bank of England held a meeting yesterday. The statement was more dovish than expected: there were no policy changes and no new hints about future rate hikes. After that, GBP/USD dropped to 1.3900.
The analysis of EUR/USD, EUR/GBP, and other assets
Markets are calm this week after last week’s volatility caused by the Fed’s hawkish surprise at its meeting. However, there are still some interesting movements! Markets are calm this week after last week’s volatility caused by the Fed’s hawkish surprise at its meeting. However, there are still some interesting movements!
The Bitcoin “death cross” has occurred: the 50-day moving average has crossed the 200-day moving average upside down, giving a bearish signal. The S&P 500 rallied the most in five weeks!
The US dollar remains strong after Fed Bullard's comments. EUR/USD, GBP/USD, and XAU/USD try to find support and recover. What are the key technical levels? Watch the video to find out!
Daily trade ideas for this Friday
The Fed made a hawkish surprise! The bank would start a discussion about scaling back bond purchases. Besides, it is likely to make two interest-rate increases by the end of 2023 (sooner than expected)!
The day of the Federal Reserve has finally come! What are the technical levels ahead of the meeting? What scenarios are there? Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, gold, and oil!
Follow the analysis of EUR/USD, USD/JPY, gold, and S&P500
The USD is going to be in the spotlight again this week as the Federal Reserve will hold a meeting on Wednesday, which could be a big mover! Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
While traders wait for the US inflation figures due on Thursday, EUR/USD, GBP/USD, USD/JPY, and XAU/USD are ruled by support and resistance levels.
The ECB meeting and the US inflation rate will be in our attention today.