EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 XAU 🔼 WTI 🔼 Last Friday, US stocks managed to halve the losses from early June, major stock indices gained between 2.68 to 3.49%. For individual performances, Meta Platforms rose by 7.19%, and Royal Caribbean Cruises (RCL) had a 15.77% spike as the travel sector outperformed the market. The risk on mood also encouraged...
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔽 WTI 🔽 Yesterday (23 June), as Federal Reserve Chair Jerome Powell said his team is "acutely aware that high inflation imposes significant hardship". Meanwhile, he also acknowledges "our actions affect communities, families, and businesses across the country" - admitting their monetary decisions could bring the...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 XAU 🔽 WTI 🔼 After a series of massive selloffs, major US indices rallied over 2% and recovered losses from last week. Dow Jones 100 alone has increased by more than 400 points, just as US Existing Home Sales growth of over 5.41 million, exceeding market expectations of 5.39 million. Meanwhile, the U.S. dollar weakened...
EUR/USD 🔼 GBP/USD ▶️ AUD/USD 🔼 USD/CAD 🔽 XAU ▶️ WTI 🔼 In their respective speeches, the leaders from the European Central Bank and Reserve Bank of Australia (RBA) both agreed for raising interest rates to limit inflation within 2-3%, while hinting at returning to more rounds. EUR/USD managed to close at 1.0509, currently on the rebound to 1.0530. In his speech,...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 XAU 🔼 WTI 🔽 The Federal Reserve has increased interest rates by 75 basis points, the highest since November 1994. As a result, both Treasury yields and the greenback have retreated, with the United States 10-Year Bond Yield closing at 3.395%, and followed by a low of 3.29%. Meanwhile, US retail sales underperformed with a...
XAU $XAU Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EUR/USD🔼 GBP/USD🔼 AUD/USD🔼 USD/CAD🔽 XAU🔽 WTI🔼 As anxiety dominates financial markets ahead of the US Federal Reserve's decision, the US dollar maintained its strength on Tuesday and Wednesday's opening hours. Market participants had long anticipated a 50 bps increase, but on Monday, market chatter suggested the central bank may opt for a 75 bps increase. In...
EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ➡️ Since inflation does not seem to have peaked just yet, investors expect a mega rate hike of 75 basis points from the Federal Reserve on Thursday, which could bring the US economy to a recession. As a result, major US indices like S&P 500, Dow Jones and Nasdaq 100 have all declined. Meanwhile, the U.S....
EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬆️ WTI ⬇️ Major currencies retreated over the weekend, alternating between sharp falls and trading flat. EUR/USD slowed at 1.0520, closed at 1.0515 and currently trading at 1.0482. Tomorrow (14 June), the Germany Harmonized Index of Consumer Prices will provide insight into European inflation. The British Pound...
EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬇️ The European Central Bank (ECB) finally relents, and prepares to increase the key interest rate by 25 basis points in July, while other interest rate categories remain unchanged. In its statement, the ECB claims “conditions have been satisfied” for a rate hike and net asset purchases will cease as means...
EUR/USD ⬆️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ USD/JPY ⬆️ XAU ⬆️ WTI ⬆️ Yesterday (8 June), Eurozone GDP recorded a modest increase in both yearly (5.4%) and quarterly terms (0.3%), beating market expectations. The good news has made the European Central Bank more likely to raise interest rates tomorrow (10 June), which sits at 0%. EUR/USD retreated from 1.0750,...
EUR/USD ⬇️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ XAU ➡️ WTI ⬆️ Yesterday (7 June), the Reserve Bank of Australia (RBA) raised the interest rate by 50 basis points to 0.85%. The decision was made to control inflation, despite the RBA believing in the resilience of the Australian economy. After declining to 0.7161, AUD/USD closed with gains at 0.7227. US retail...
EUR/USD ⬇️ GBP/USD ➡️ AUD/USD ⬇️ USD/CAD ⬇️ XAU ⬇️ WTI ➡️ The dust has settled in the British parliament, Boris Johnson survived the no-confidence vote to stay in office. Although Johnson kept his position, the general election results and recent events have indicated great resistance ahead of his remaining term. The British Pound briefly spiked above 1.257...
EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬆️ The 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) have world leaders in economy sharing their remarks to global economic trends and their responses. While both Federal Reserve (the Fed) Chairman Jerome Powell and European Central Bank (ECB) President...
Today's forex news: EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬆️ USD/CAD ⬆️ XAU ⬆️ WTI ⬆️ Yesterday (12 April), the US Bureau of Labor Statistics announced its Consumer Price Index (CPI) related data, which was a mixed bag of indicators. After excluding food and energy products, the month-on-month (MoM) and year-on-year (YoY) CPI were 0.3% and 6.5% respectively, which were...
EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬆️ WTI ⬇️ Despite a brief rally, major currencies like the Euro and British Pound returned their gains against the US dollar. EUR/USD reached a daily high at 1.0933, before slumping to 1.0883. As the first round of French Presidential concluded with a minor lead for the current French leader March, further...
Today's forex news: Federal Open Market Committee minutes extends US dollar rally EUR/USD ⬇️ GBP/USD ➡️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬇️ As the Federal Open Market Committee (FOMC) has released its March meeting minutes, it confirmed market’s expectation for further interest rate hikes and plans to reduce its balance sheet. The US dollar railled and many...
Today's forex news: US to shrink balance sheet, strengthens the US dollar EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬇️ As the Federal Reserve (The Fed) Governor Brainard said yesterday (5 April) the US has to continue its effort to slow down inflation and shrink its balance sheet, the US dollar has strengthened against other major currencies,...