The Federal Reserve is widely expected to keep its key policy rate unchanged when it unveils its latest policy statement later today in Washington, but the odds of a final rate hike between now and Read more…
U.S. equity futures moved higher Wednesday, while the dollar slipped back against its global peers and Treasury bond yields steadied as markets hunkered down ahead of the Federal Reserve’s key rate decision later in the Read more…
Cable fell to new multi-month low (the lowest since May 26) early Tuesday, hit by softer than expected UK inflation readings in August. Annualized CPI dropped to 6.7% (the lowest since Feb 2022) from 6.8% Read more…
148.00 barrier proving difficult to overcome Still plenty of upside to achieve a break higher But bullish bias is showing signs of abating USDJPY has been knocking on the door of the 148.00 handle for Read more…
Market picture The crypto market has been trading around 1.08 trillion over the last day. The trading range is narrowing as the Fed decision approaches. However, it is worth highlighting the pressure on the markets Read more…
CADJPY was trading sideways for the last couple of months, where we were tracking a bullish triangle pattern within higher degree wave IV before a bullish continuation for wave V. On september 04, we have Read more…
Daily Pivots: (S1) 0.8610; (P) 0.8622; (R1) 0.8645; More… Intraday bias in EUR/GBP stays on the upside as rise from 0.8491 extends higher today. While further rally could be seen, this rise is seen as Read more…
Daily Pivots: (S1) 182.82; (P) 183.15; (R1) 183.59; More… Further decline is expected in GBP/JPY despite loss of downside momentum. Sustained trading below 55 D EMA (now at 182.49) will argue that it’s already in Read more…
Daily Pivots: (S1) 157.63; (P) 157.95; (R1) 158.25; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, Read more…
Daily Pivots: (S1) 1.6509; (P) 1.6563; (R1) 1.6602; More… Intraday bias in EUR/AUD remains neutral as consolidation form 1.6452 is still extending. Further decline is expected with 1.6793 resistance intact. Fall from 1.7062 is seen Read more…