Category: Investments

Markets responded rather well to Fed’s rate hike, statement and new economic projections. In short, Fed raised federal funds rate target by 25bps to 0.25-0.50%. In the updated dot plot, 12 of the FOMC participants Read more…

Fourth consecutive upward surprise on employment. However, rising labour supply has become dependent on rising female participation. Total employment: 77.4k from 28.3k (revised from 12.9k); unemployment rate: 4% from 4.2% (unrevised 4.2%); participation rate: 66.4% Read more…

DXY: On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our 1st support at 98.287 in line with 61.8% Fibonacci Read more…

Key Highlights Gold price started a downside correction from the $2,070 high. It traded below a major bullish trend line with support near $1,950 on the 4-hours chart. EUR/USD must clear 1.1080 for a fresh Read more…

Short Term Elliott Wave View in USDJPY suggests the rally from March 05, 2022 low is unfolding as a 5 waves impulse. Up from March 05 low, wave 1 ended at 115.95 and pullback in Read more…

Gold broke key support level 1950.00 Likely to fall to support level 1880.00 Gold recently broke the key support level 1950.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from January. The breakout Read more…

It was a volatile session around the FOMC meeting but after the press conference, commodities and therefore commodity currencies rallied into the close. Wednesday US cash market close: The Dow Jones Industrial rose 518.76 points Read more…

Key takeaways As expected, the Fed hiked the Fed funds target range by 25bp to 0.25-0.50%. The Fed says that it “anticipates ongoing increases in the target range will be appropriate”. The median dots signal Read more…

The FOMC today hiked rates 25bps to 0.50% , as expected, by a vote of 8-1.  St Louis Fed President Bullard was the sole dissenter and voted for a 50bps hike. However, the FOMC statement Read more…