St. Louis Fed President James Bullard reiterated yesterday that interest rate has to be raised to at least 5.00-5.25%, from the current 3.75-4.00%, to be “sufficiently restrictive” to curb inflation. The interest rate will have Read more…
There’s a storm of critical events this week that will shape the US dollar’s trajectory, including a speech by the Fed boss on Wednesday and the latest employment report on Friday. The Fed chief could Read more…
Key Highlights GBP/USD is holding gains above the 1.2000 support zone. It is trading above a key bullish trend line with support near 1.1960 on the 4-hours chart. Crude oil price declined heavily and tested Read more…
Just two months ago, GBP/USD was trading at its lowest level EVER, reaching a low print of 1.03565. Today, the pair is trading near 1.1950! A lot has happened in the last 2 months to Read more…
This week will bring plenty of US macroeconomic data and a speech from US Fed Chairman Powell, which should give the markets a clearer direction of where the Fed may be headed next regarding monetary Read more…
With Covid cases hitting record levels in China and people are protesting against the country’s zero-Covid rules, this has sent the US dollar higher amid haven flows. This has been reflected in commodity dollars going Read more…
CADJPY reversed from support level 102.65 Likely to rise to resistance level 104.50 CADJPY just recently reversed up from the major support level 102.65 (former strong resistance from April, which has been reversing this currency Read more…
Dow Jones reversed from resistance level 34145.00 Likely to fall to support level 33500.00 Dow Jones index just reversed down from the long-term resistance level 34145.00 (previous monthly high from May and August), strengthened by Read more…
Mobile carrier companies are always eager to increase revenue through fees customers pay and to outflank their competition with deals. Former T-Mobile (TMUS) – Get Free Report CEO John Legere in 2013 introduced the mobile carrier company’s Read more…