EUR/CHF rose further to as high as 0.9953 last week but retreated since then. Initial bias remains neutral this week for consolidations. Downside should be contained by 0.9798 support to bring rebound. Break of 0.9953 Read more…
Monday, Oct 31, 2022 Tuesday, Nov 1, 2022 Wednesday, Nov 2, 2022 Thursday, Nov 3, 2022 Friday, Nov 4, 2022 The post Summary 10/31 – 11/4 appeared first on Action Forex.
Last week, interest rate hikes were delivered by the Bank of Canada and the ECB. The BOJ left rates unchanged. This week, the RBA, FOMC, and the Bank of England will meet to discuss interest Read more…
Summary United States: Another GDP Head Fake Real GDP expanded by an annualized 2.6% during Q3. The Employment Cost Index moderated to 1.2% in Q3. Personal income improved 0.4%, while personal spending increased 0.6%. Pending Read more…
The U.S. Federal Reserve is likely to deliver another 75 basis point hike when it meets next week. The move will come on the heels of the Bank of Canada’s smaller-than-expected 50 basis point rate Read more…
US Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Read more…
Pranksters took part of the news cycle on Friday, and claimed they were former employees, but it was apparently a hoax. The changing of the guard at Twitter has evoked many reactions from people wanting Read more…
Twitter comments don’t hold back their feelings as the considers an extreme Musk-over for the micro-blogging website. Okay, but how do you really feel? People rarely hold back their emotions when they take to Twitter Read more…
The drug developer’s financing deal with Blackstone has several strings attached. The biotech sector has been whacked during the stock market correction, but companies with approved drug products have generally fared much better than early-stage Read more…
Yes, the rate was great, but there were some serious restrictions. People are rushing into I bonds so fast that the only place you can buy them, the government’s TreasuryDirect web site, crashed. The reason Read more…