US retail sales expected to have risen again in December Strong dataset could dampen speculation of rapid Fed rate cuts Data due at 13:30 GMT Wednesday, crucial for dollar’s path Waiting for Fed rate cuts Read more…
UK wage growth expected to drop to 6.8% UK GDP rises 0.3%, but risk of recession remains The British pound has started the week with slight losses. In the European session, GBP/USD is trading at Read more…
On January 11, the highly publicized Bitcoin ETF began trading after it was officially approved by the SEC. On this day, the price of Bitcoin exceeded USD 48,800, as shown by the chart. Bloomberg writes Read more…
EURGBP slides but remains within a range MACD and RSI detect negative momentum A dip below 0.8520 could turn the outlook bearish EURGBP has been drifting south recently, after it hit resistance slightly above the Read more…
The US 500 index flirts with its 2022 record high Lacks momentum, but its trend remains positive above 4,660 The US 500 stock index (cash) recovered its latest pullback, rising swiftly back above its 20-day Read more…
Gold finds its feet at the 50-day SMA Clocks a positive session but does not yet erase recent drop Momentum indicators suggest that positive momentum is strengthening Gold had been undergoing a downside correction after attempting to Read more…
EUR/USD: Market Anticipates Federal Reserve Rate Cut We published our global forecast for EUR/USD for the upcoming year in the last week of 2023. Now, moving from long-term projections, we return to our traditional weekly Read more…
Markets Markets on Friday again took somewhat of a biased reading, both of the developments in the Middle East and the US eco data. The air strikes of the US and the UK against Houthi Read more…
Daily Pivots: (S1) 184.33; (P) 184.99; (R1) 185.51; More… Intraday bias in GBP/JPY stays neutral and further rally is in favor as long as 182.73 minor support holds. Corrective pull back from 188.63 should have Read more…
Daily Pivots: (S1) 158.27; (P) 158.96; (R1) 159.37; More… Intraday bias in EUR/JPY remains neutral for the moment. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 100% Read more…