Markets are relatively steady in Asian today, as traders are awaiting main events of BoC and Fed policy decisions. Asian stocks are treading water after weaker close in US overnight. Dollar remains the strongest one Read more…
Key Highlights Gold price is gaining pace above the $1,800 and $1,820 resistance levels. It broke a connecting bearish trend line at $1,842 on the 4-hours chart. EUR/USD extended decline below the 1.1300 support zone. Read more…
Fed will more likely stick to script today and the FOMC meeting could be a non-event. It’s clearly communicated that net asset purchases will end in March. Markets are expecting a 25bps hike in March Read more…
The opinions on whether BoC will raise interest today are divided. Some expected the tightening cycle to start imminently, with a total of 150bps rate hike this year to 1.75%. Yet, there are conservative opinions Read more…
Short Term Elliott Wave view in GBPUSD suggests the rally to 1.3749 Ended wave (B). Pair has turned lower in wave (C) with internal subdivision as a 5 waves impulse structure. Down from wave (B), Read more…
In the Summary of Opinions at the January 17-18 meeting, BoJ said, “a pick-up in Japan’s economy has become evident” and the economy is “likely to continue recovering moderately”. In fiscal 2022, it’s “highly likely Read more…
IMF said the global economy enters 2022 in a “weaker position” as the spread of Omicron led to reimposed mobility restrictions. Rising energy prices and supply disruptions have resulted in higher and more broad-based inflation Read more…
Fed a big test on Wednesday It’s been a wild ride so far this year and there may still be plenty more to come. The NAS100 has smashed through key support levels on an almost Read more…
Gold’s price moved higher for the second consecutive week ending 23rd of January, while it remains in positive territory in the current. Gold traders may be in rather excited state, as economic data released in Read more…
Russian troops are building up on the Ukraine border. Thus far, they have amassed roughly 100,000 troops. As a result, the Russian Ruble is falling. Below are recent headlines as to why the Ruble is Read more…