US stocks closed generally higher overnight after upbeat comments from Fed Chair Jerome Powell. In the nomination hearing before Senate Banking committee, he said that the current surge in Omicron infections will only have “short-lived” Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation to test our 1st support at 95.518 in line with 100% Fibonacci extension Read more…
Federal Reserve Chairman Jerome Powell, testifying at his confirmation hearing on the Hill, soothed markets overnight in a performance worthy of Goldilocks and the Three Bears. Mr Powell noted that the Fed could hike rates Read more…
The latest US inflation data will be published on Wednesday at 13:30 GMT, ahead of the retail sales report on Friday. Consumer prices are expected to have risen at the fastest clip in 40 years, Read more…
Key Highlights AUD/USD started a downside correction from 0.7270. It traded below a key bullish trend line with support near 0.7200 on the 4-hours chart. EUR/USD is still struggling below 1.1380, and GBP/USD is trading Read more…
The yield on the US 10-Year Treasury Note reached 1.808% yesterday, its highest level since January 2020 (pre-pandemic). However, this isn’t the only yield in town making new highs. Today, the German Bund reached a Read more…
If stops below 1.2600 are triggered, the pair could be at the next support level in a hurry. USD/CAD is close to a key level of 1.2600, which if broken, could set the stage for Read more…
NZDCHF reversed key resistance level 0.6275 Likely to fall to support level 0.6177 NZDCHF recently reversed down from the powerful resistance level 0.6275 (which has been reversing the price from the start of December), intersecting Read more…
What is happening? In December 2021, the main question on global markets was: “When will the FED increase the key rate?” Traders and investors were transferring their capitals into USDs, waiting for the great dump Read more…
Or further to go? It’s been a shaky start to the new year, with interest rate anxieties dragging on sentiment and hitting the NAS100 particularly hard. The index fell more than 8% over the last Read more…