The downside remains vulnerable after short-lived advance
Cable started trading on Monday with a gap-higher, but gains were so far short-lived and stalled under last week’s high at 1.1439.
Fresh optimism about a solution for deepening political crisis in Britain on expectations that Rishi Sunak…
Read More...
Read More...
Increased Pressure to Sell GBP as UK Prime Minister Liz Truss Resigns
Yesterday, Liz Truss, sworn in as UK Prime Minister on 5 September 2022, announced after 45 days that she would remain in office until a new Conservative Party leader was elected, then resign.
Initial and short-term GBP bids were strong,…
Read More...
Read More...
Increase in risk-aversion indicators in the US stock markets due to the rapid growth of inflation
With the rapid inflation, risk-aversion indicators have increased in the US stock markets. Given that the FOMC's hawkish monetary policies are likely to tighten, the possibility of lower demand for equity markets has increased in the…
Read More...
Read More...
High possibility of Japanese government intervening in FX market as the JPY value hits its lowest…
Despite the intervention of the Central Bank of Japan in the FX market last month to control the value of the Japanese yen, the price has returned to the bullish trend after a short-term correction and has now exceeded the previous peak and…
Read More...
Read More...
The UK’s YoY CPI was announced today, reaching another 40-year high for the second time in…
The UK's YoY CPI was announced today, reaching its highest level in forty years for the second time this year at 10.1 percent. The first peak was in July 2022. The GBPUSD price has also reacted bearishly in the short-term, breaking below…
Read More...
Read More...
Expectations facing the stock markets after the 10-year US bond yield increased to the highest level…
The US 10-year bond yield has reached its highest level in the last 14 years, and due to the expectations of an interest rate increase at the FOMC meeting in November, the first possibility will be to continue its upward trend in the…
Read More...
Read More...
The BOJ and the BOE keep a close eye on the FX market moves
In USDJPY news: following the intervention of the Japanese government in controlling the value of the Japanese Yen, the FX market was without significant results and only led to limited corrective price movements; the price continued its…
Read More...
Read More...
US Stock markets in corrective upward trend, despite expectations for a 0.75 to 1 percent increase…
Two weeks left until the FOMC meeting and the possible increase of 0.75 to 1 percent of the interest rate, the US stock markets are fluctuating in an uptrend. Meanwhile, CPI data has supported interest rate hikes to control inflation, which…
Read More...
Read More...
Friday’s bearish engulfing weighs on near-term action
WTI oil remains under pressure at the beginning of the week, following Friday’s 4% drop (the biggest one-day loss since Sep 23) and continuing to pressure pivotal support at $84.92 (daily Kijun-sen / 50% retracement of $76.25/$93.60 rally).…
Read More...
Read More...
Near-term action looks for clearer direction signals
The Euro is standing at the front foot in early European trading on Monday, following a large swings on Thu/Fri.
The action was repeatedly capped by falling 10DMA which reinforces a Fibo barrier at 0.9772 (38.2% of 0.9999/0.9631 bear-leg),…
Read More...
Read More...