Bitcoin hits new 2022 low, outlook remains negative on expectations of aggressive Fed
The Bitcoin hit new 2022 on Monday, extending a steep fall into fifth straight day.
Last week action closed with over 9% loss and generated additional negative signal on completion of weekly bearish engulfing pattern.
Expectations for…
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USDJPY may accelerate towards 1998 peak on aggressive Fed
The USDJPY stands at the front foot on Monday, though still within a narrow consolidation under new 24-year high, which extends into third consecutive day.
Last week’s bullish close market the fifth straight weekly advance, as the dollar…
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Oil remains firmly in red on demand fears, strong dollar
WTI oil started the week in negative mode, falling 1.7% during Asian and early European trading on Monday.
Crude oil is pressured by fears of recession that would significantly slow global economy and lower demand for energies, while…
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Eurozone inflation remained at record high in August
Inflation in the Eurozone kept pace in August and stayed at a record annualized level at 9.1%, in line with expectations.
Monthly figure showed that consumer prices rose by 0.6% in August, from 0.1% increase in July and above consensus…
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Markets Are Moving! FOMC & BOE Meetings 21 & 22/09/2022
On September 22 and 23, the results of two important meetings of the FOMC and the BOE will be determined. According to recent economic data, including the US CPI, which shows a higher growth than expected by predictions, US interest rate…
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Cable falls to multi-decade lows as downbeat UK data add to negative outlook
Sterling falls further on Friday and breaks below 1.14 mark vs dollar, trading at the lowest levels since 1985 during the European session.
In addition to persisting pressure from strong dollar on expectations for another massive Fed rate…
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China’s economy gains traction despite obstruction from property crisis
China’s industrial production rose by 4.2% in August after rising by 3.8% previous month and surprising expectations for 3.8% expansion.
August figures point to the fastest pace of industrial output growth since March.
The separate…
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Weak tone dominates during the US session on Thursday
Cable is losing traction during American trading on Thursday and probes below the floor of two-day range, returning to weakness after a short-lived Wednesday’s recovery, which stalled on attempts to register a clear break above initial…
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US retail sales rise above expectations in August
US retail sales rose by 0.3% in August after dropping 0.4% previous month and ticked above expectations for 0.2% increase.
Stronger than expected rise comes primarily as a result of lower gasoline prices which eased from record highs and…
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Bears remain fully in play below parity
The Euro continues to move within a narrow range for the second straight day, with parity level marking solid resistance and so far limiting the action.
Tuesday’s massive bearish daily candle continues to weigh, along with bearishly…
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