EUR/USD has reversed course today and is in negative territory. In the North American session, the euro is trading at 1.0043, down 0.30%. The US dollar has rebounded after a 3-day slide against the major currencies. The dollar downswing started on Friday after a lukewarm employment report raised expectations that the Fed will deliver a "modest" 50-basis point,...
CME: Micro USD/JPN Futures ( CME_MINI:M6J1! ) On September 21st, the Fed raised interest rate for the fifth time. The very next day, Bank of Japan decided to keep the country’s short-term interest rate at -0.10%. On November 3rd, the Fed raised another 75 bps, and the Fed Funds rate is now 3.75-4.00%. Interest rate spread between the two countries now reaches 4%....
CME: E-Mini S&P 500 Futures ( CME_MINI:ES1! ) If the characters of Game of Thrones were on the financial markets, who would be the unchallenged “King of Wall Street” in your eyes? Since Federal Reserve set sail on tightening monetary policy, all markets fell under the spell of Fed rate hikes. Federal Open Market Committee meetings are major market-moving events....
As we all know Fed raised the interest rates. So that's bad news for btc thats why we had the mini bull run
Movement in this channel may continue if the Fed maintains its position on changes in interest rates and the impact on the money supply. Waiting for border testing with EMA crossing and possible movement towards the first target. While maintaining the policy of raising interest rates and combating inflation, it is promising to achieve the second goal. A test of...
1) NEWS TO NOTE: THE FEDERAL RESERVE AND THE BANK OF ENGLAND INCREASED INTEREST RATES BY 0.75% EACH WHICH STRENGTHENED USD AND GBP WHICH IS BAD NEWS FOR GOLD. JEROME POWELL (CHAIRMAN OF FEDERAL RESERVE GAVE A VERY HAWKISH SPEECH A COUPLE DAYS AGO IN WHICH HE AFFIRMED THAT INTEREST RATES WILL BE RISING WHICH ALSO STRENGTHENED USD) TODAY (FRIDAY 4TH) US NONFARM...
Waiting to see if the sellers step aside now from the 0.98800 level or whether they fight to keep it during today's NY session. FOMC raised by 75bps but NFP came in strong. Was the rate hike enough to kill job growth? GDP is being revised higher by the Atlanta Fed too. Powell will want to see some demand destruction before easing off the rate hikes. US dollar has...
It's now official; the US Federal Reserve has enacted its fourth consecutive 75-basis-points rate hike, bringing its benchmark rate to the 3.75% - 4.00% range, which is the highest it has been since January of 2008. The markets reacted quite mildly to the rate hike at first, due to it aligning with exactly what the market was expecting for the past few weeks....
The parabolic curve pattern DXY has been forming for over 16 months was broken on October 21st. DXY bounced at the 109.53 level and now appears to be retesting the curve. I see the following support levels if DXY is rejected at the curve. 1) At the previous bounce level (109.53) 2) Near the 105 level. 3) Near the 101 level. Thoughts: ...
The British pound is sharply lower today. In the European session, GBP/USD is trading at 1.179, down 1.83%. It has been a dreadful week for the pound, which has declined by 3.7%. The Bank of England delivered as advertised, raising rates by a super-size 75 basis points today in a 7-2 vote. This was the sharpest rate hike since 1989 and brings the cash rate to...
Fundamental: 11/02/22 | 14:00 “The Fed is expected to proceed with another large rate hike of 75 basis points,” said Susannah Streeter, investment and market analyst at Hargreaves Lansdown. = Upcoming rate increase "There are high hopes indicating that there may be some easing in the US central bank's aggressive approach to tackling inflation," she said. =...
Gold price is the recent recovery gains at $1650 on the US Federal Reserve day. XAUUSD bulls could target $1660 - $1670 on Fed’s dovish rate hike. On a hawkish surprise, xauusd price could result its broader downtrend, the demand area seen at $1637 - $1642. After the break $1620 and October low at $1617 could be threatened. Yellow metal price to remain firmer but...
This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. Really short FOMC Report...
The Swiss franc is showing little movement for a second straight day. In the North American session, USD/CHF is trading at 0.9993, down 0.03%. Consumer confidence fell in the October survey to -47, down from -42 in the previous quarter. This marked a record low, as Swiss consumers have become even more pessimistic about the economic outlook. The survey found that...
EUR/USD 🔽 GBP/USD 🔼 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔽 XAU 🔼 WTI 🔼 Both the Federal Reserve and the Bank of England are to announce their interest rate decisions tomorrow, while sharing the same 75 basis points forecast. Upon some weakened economic indicator readings, Mitrade expects the two central banks would slow down on the rate hike next month. As a result, the...
NZD/USD is showing some strength today. In the North American session, the New Zealand dollar is trading at 0.5838, up 0.41%. Earlier today, NZD/USD rose to 0.5902, its highest level since September 21st. New Zealand releases its Q3 employment report on Wednesday. The data is expected to reaffirm that the labour market remains robust. Employment Change is...
AUD/USD is down for a third straight day. The Australian dollar is trading at 0.6395, down 0.24%. The RBA kicks off a busy week of central bank decisions when it meets on Tuesday. This will be followed by the Federal Reserve on Wednesday and the Bank of England on Thursday. The RBA has delivered a steep rate-tightening cycle this year and the upcoming meeting...
Third quarter results for big tech came out last week and it wasn’t pretty. Is this a harbinger of another low? Look at the price action, the Nasdaq 100 is now sitting just below the .5 Fibonacci Level which has marked a local resistance level. Curiously the price structure looks very familiar when compared with the April to June period. In that episode,...