GBPUSD – key resistance zone likely to give up
Cable extends step ascend into third straight day and probes again through key barriers at 1.3406 (50% retracement of 1.3675/1.3136 descend) and 1.3418 (Oct 22 high).
Weaker dollar on AI nervousness, helped pound to reach three-week high…
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The ECB keeps interest rates on hold, but points to rising inflation risks
The European Central Bank left interest rates unchanged, in line with expectations, but pointed to mounting inflation risks from surging energy costs, which is likely to boost bets for a December rate hike.
The ECB has raised rates twice…
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Fed keep interest rates unchanged in October, but further tightening cannot be ruled out
The Federal Reserve kept interest rates unchanged 3.75%-4.00% range, as widely expected, with policymakers opting to stay on hold ahead of key political event – next week’s US midterm elections, as well as looking for more information from…
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AUDUSD – jump on higher than expected CPI was capped by 200DMA, all eyes on Fed
AUDUSD rose to one-month high on Wednesday, lifted by higher than expected inflation in the third quarter that boosted expectations for RBA rate hike in the next policy meeting.
Consumer prices advanced by 1.3% in Q3 compared to 0.6 in…
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New Zealand dollar slumps on RBNZ surprise rate hold
The New Zealand dollar fell sharply against its US counterpart on Wednesday, following surprise decision of the New Zealand central bank to keep interest rates unchanged against expectations for 25 basis point rate hike.
The pair was down…
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Reserve Bank of New Zealand keeps rates on hold but signals further hikes
The Reserve Bank of New Zealand surprised markets by unexpectedly holding its official cash rate at 2.75%, against widely expected 25 basis points hike on Oct 28 policy meeting but signaled that the door for further tightening remains open…
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EURGBP – strong pressure from negative fundamentals but oversold conditions produce headwinds
EURGBP holds near the bottom of four-day narrow consolidation, just above multi-month low at 0.8361 (the lowest since May 2025).
Near-term action remains firmly in red following Monday’s strong upside rejection and subsequent weakness…
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Dollar index keeps firm tone ahead on FOMC meeting
The dollar extends recovery leg into third consecutive day, retracing over 50% of 102.72/101.24 pullback on Tuesday.
Calmer stock markets, particularly stabilizing sentiment in AI related sector, hawkish signals from the US policymakers…
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Oil prices ease from new multi-month high but larger bulls remain firmly in play
Brent oil opened with gap-lower on Monday, easing from the highest in nearly seven months, hit last Friday, pressured by fresh hopes of potential easing of hostilities between the US and Iran.
The pullback was so far limited (the price…
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Eurozone growth slows below expectations in October – PMI
Eurozone preliminary Composite PMI Index, which tracks performance of both Manufacturing and Services sectors, fell to 51.9 in October (the lowest since July) from 53.1 in September and undershot 52.7 consensus.
Significant growth…
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