Forex

Who’s Right? Hawk Economists vs. Dove Traders – RBA meets Today

Yesterday, the AUD/USD experienced its third consecutive day of growth. However, the upward trend is expected to face obstacles during Tuesday's trading session due to the impending Reserve Bank of Australia meeting. Despite some analysts adopting a more hawkish stance...

Powell hints at 2 more hikes, sends gold lower

Currently, gold is hovering around $1,909 and maintaining a bearish outlook, with the potential to breach the $1,900 level. The daily chart reveals that the precious metal has dropped further below both the 20 and 100 Simple Moving Averages, which...
ruble

Mutiny Sends Ruble to Lowest in 15 Months

In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries...

Resistance at 1.267: Key Level to Watch After BoE Rate Decision

The UK continues to struggle with high inflation, as demonstrated once again this morning when headline inflation exceeded expectations at 8.7%, surpassing the projected 8.4%. Core inflation also outperformed, registering a 7.1% figure compared to the expected 6.8%. This divergence...

EURGBP Expectations: UK Inflation and BoE’s Decision this Week

On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support...

Market Reactions to Fed’s “Hawkish Pause” 

Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases...

US Inflation Trading Opportunities Ahead

The next two days' worth of trading could turn out to be particularly interesting due to the sharp drop in CPI expected on (US time) Tuesday as well as the market being (over?) confident that the Fed is going to...

Challenges Ahead for USD/CAD Bulls

Last night, the Bank of Canada decided to raise its interest rate by 25 basis points, bringing it to 4.75%. This move came after a pause in the tightening campaign during the two previous meetings. As a result, borrowing costs...

USD/CAD: Consolidation Calm Before the Storm?

The USD/CAD has been consolidating since late last Friday. Key levels include 1.346 and 1.345 for the upper bound and 1.341 and 1.340 for the lower bound. The market appears to be in the middle of the storm that might...
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