Dollar is staying as the strongest one for the week as markets await FOMC rate hike. Yet, the greenback is still held below last week’s high against most counter parts except Loonie and Kiwi. Swiss Read more…
FOMC rate decision is the main focus of the day and another jumbo rate hike is expected. Based on current market pricing, there is 82% chance of a 75bps hike to 3.00-3.25%, and just 18% Read more…
The Asian Development Bank slashed growth forecasts for developing Asia from 5.2% (April forecast) to 4.3% in 2022, and 5.3% to 4.9% in 2023. It said, “The revised outlook is shaped by a slowing global Read more…
RBA Deputy Governor Michele Bullock said interest rate at 2.35% is not yet restrictive. But the central was already looking for opportunities to slow the pace of tightening at some point. The monthly inflation data Read more…
In a speech, ECB President Christine Lagarde said, discussed two considerations for monetary policy, the “destination” and the “pace” to get there. As for the “destination”, she said, “as we move forward, we will reassess Read more…
The central bank entered ZIRP (zero interest rate policy) between 2011 – 2015 before switching to NIRP (negative interest rate policy) with a rate of -0.75%, where it remained until June this year. And with Read more…
When is the BoE rare announcement? The BoE is due to give its interest rate decision on Thursday at 12:00 noon BST. This is super Thursday, so we also expect to see new forecasts for Read more…
Key Highlights AUD/USD declined below the key support at 0.6780. It is facing resistance near 0.6750 and 0.6780 on the 4-hours chart. Gold and crude oil price is showing signs of bearish continuation. The Fed Read more…
The Dollar Index ($USDX) shows five waves since the low on 03.01.2008, which will provide many signals across the Marketplace. Below is a monthly chart of the Dollar Index $USDX Monthly Elliott Wave The monthly Read more…
Short term Elliott Wave view on DAX suggests the decline from 3.29.2022 high is unfolding as a 5 waves diagonal. Down from 3.29 high, wave 1 ended at 13386.32 and rally in wave 2 ended Read more…