BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled No rate cut surprises expected; UK economy is still resilient The Read more…
NZDUSD experiences a sharp pullback from its 4-month peak But the 200-day SMA acts as a strong floor for now Momentum indicators deteriorate but remain in positive areas NZDUSD had been staging a solid rebound from its Read more…
Gold jumped to new highs last week Overall trend remains positive But RSI and stochastic suggest bearish correction Gold prices climbed to a high of 2,144.60 last week before falling. The price has been clearly Read more…
USDJPY in the green today ahead of this week’s key events It is now hovering below a key support area Momentum indicators confirm the weakening bearish pressure USDJPY is trying to record a green candle Read more…
Swiss State Secretariat for Economic Affairs has revised down its 2024 economic growth forecast for Switzerland, now expecting a growth of 1.1% instead of previous 1.2%. This revision indicates an expectation of below-average growth for Read more…
GBP/USD is moving lower from the 1.2650 resistance. USD/CAD is rising and might aim for more gains above the 1.3620 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh Read more…
Market November US CPI yesterday was the final piece of the monetary puzzle before today’s Fed decision, but it didn’t change the global portrait. At 0.1% M/M and 3.1% Y/Y (headline) and 0.3% M/M and Read more…
Daily Pivots: (S1) 182.14; (P) 182.87; (R1) 183.45; More… Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 181.66 minor support will suggest that rebound from 178.58 has completed. Intraday Read more…
Daily Pivots: (S1) 156.57; (P) 156.95; (R1) 157.41; More.. Intraday bias in EUR/JPY remains neutral for the moment. While rebound from 153.15 could extend higher, upside should be limited below 158.36 minor resistance to bring Read more…
Daily Pivots: (S1) 0.8564; (P) 0.8587; (R1) 0.8615; More…. EUR/GBP’s recovery from 0.8548 extends higher today but stays well below 0.8648 support turned resistance. intraday bias remains neutral and further decline is expected. On the Read more…