Fed’s decisively hawkish stance overnight propelled both Dollar and yields upwards, albeit dampening the stock market. Majority of FOMC members maintained projections of another interest rate hike within the year, with a tempered pace of Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits a bullish overall momentum, with several factors contributing to its upward trajectory. A significant factor in this bullish sentiment is the price’s position above the bullish Read more…
Short term Elliott Wave view suggests the USDX is correcting cycle from 9.28.2022 high in an expanded flat structure. Down from 9.28.2022 high, wave (A) ended at 100.82 and wave (B) is still ending a Read more…
Key Highlights Crude oil price rallied above the $90 and $92.50 resistance levels. A key bullish trend line is forming with support near $88.00 on the 4-hour chart. Gold prices failed to clear the $1,950 Read more…
Today, all eyes are firmly fixed on BoE and SNB rate decisions, which are poised to offer directional cues for the GBP/CHF, hopefully. The pair has been bounded in a constrained range for some time, Read more…
New Zealand’s GDP surged by 0.90% qoq in Q2, doubling the expected growth rate of 0.4%. This notable growth is significantly attributed to substantial boost in the business services sector, specifically within the realm of Read more…
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US equities ended their trading session in the red, following a definitive hawkish stance from Fed, even though interest rate was kept unchanged as expected. Fed sent a clear signal that another rate hike is Read more…
Travelers are beginning to turn their attention to winter plans. And that means, at least for many in northern U.S. climates, thoughts of escaping the upcoming colder weather for warm vacations. DON’T MISS: Southwest Airlines Read more…
New Zealand’s GDP rebounded 0.9% in the June quarter and there were small upward revisions to the prior two quarters. This suggests more pressure on resources than the RBNZ has been estimating. NZ GDP, June Read more…