Forex

The when, why, and how sterling reaches parity

In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns...
BOJ Japanese yen

FOMC vs BoJ Intervention

Today’s FOMC meeting policy was as expected, with a 75-basis-points rate hike to 3.25%. In reaction, the USD/JPY moved towards the upside breaking a daily consolidation level. The JPY, however, may find some support after the Bank of Japan (BoJ)...

Visualising victory for Ukraine and oil prices

Back in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture,...

Dow Jones technical analysis ahead of FOMC

Looking at the current price action for the Dow Jones in combination with the Schaff Trend Cycle indicator, indicates that the downside's strength still present and may continue to stick around. The Schaff Trend Cycle is currently sitting far below...

700 pip downside move in gold

One of the largest moves caused by the unexpected US inflation data has been in gold. Gold has finally broken through the monumentally important support level of $1,680 and has pushed all the way down to ~$1,660/oz. Gold achieved this...
gbp

The GBP in the reign of King Charles

The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch. These...
cpi nt

US Dollar forecast ahead of CPI

US dollar bulls have seemingly halted their ascension as they wait for the U.S. inflation data that is due this Tuesday. The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US...

Divergence found on EUR/CAD pair

From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of...

Why is Anil Ambani’s Reliance Power up 40%?

Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US based investment firm focused on...
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