GBPUSD – bears take a breather after post-election fall, await BoE’s decision for widely…
Cable edges higher following Wednesday’s post-US election 1.1% drop, generating an initial signal of recovery, after bears repeatedly experienced strong downside rejection.
Double failure to register clear break of Fibo support at 1.2846…
Read More...
Read More...
Fed is expected to cut rates by 25 basis points today but changes in rate view come on horizon after…
The US Federal Reserve is expected to cut interest rates by 25 basis points to 4.50%/4.75% range at the end of the two-day policy meeting today.
Markets are pricing in another rate cut in December although initial enthusiasm about a…
Read More...
Read More...
Bitcoin rises 9% and hits new record high as Trump’s victory strongly boosts bullish sentiment
Bitcoin was the top winner in post-US election trading on Wednesday, advancing 9% in immediate reaction to Trump’s election victory.
Strong rally spiked to new record high (75411), before partial profit taking pushed the price to 72700,…
Read More...
Read More...
US stock indices, dollar, bitcoin surge as Trump declares election victory
Republican Donald Trump claimed victory in the 2024 presidential election with projections that Republicans are to take back the Senate.
Trump thanked the American people for extraordinary honor of being elected as the US 47th President…
Read More...
Read More...
Dollar edges lower as traders await first results from US election
The dollar dips on Tuesday as traders partially reduce exposure ahead of release of first results from US election.
Fresh dip retested Monday’s low (103.45) but faced again headwinds, as bears were so far unable to gain traction, after…
Read More...
Read More...
Hawkish RBA lifts Aussie dollar towards key resistance zone
AUDUSD rose to one week high on Tuesday morning, after the RBA kept interest rates steady at 12-year high and kept hawkish stance on persisting upside inflation risk, although remains ready to act if economy weakens more.
Near-term…
Read More...
Read More...
Reserve Bank of Australia keeps interest rates at 12-year high
The Reserve Bank of Australia (RBA) has maintained its cash rate at 4.35%, marking the highest level in 12 years, reflecting an ongoing commitment to tackle persistent inflationary pressures. This decision aligns with the RBA's cautious…
Read More...
Read More...
Last messages to voters from Harris and Trump as America votes tomorrow
With just one day left to the most important political event of the year – US Presidential election – markets started to move at a lower speed, awaiting to hear the will of the US electorate.
Presidential candidates Donald Trump and…
Read More...
Read More...
US nonfarm payrolls collapse in October but economists see the slowdown as transitory
US non-farm payrolls numbers shocked by only 12K new jobs created in October, compared to forecasted increase by 103K and downwardly revised September’s figure from 254K to 223K.
The unemployment rate was unchanged at 4.1% while average…
Read More...
Read More...
Bank of Japan keeps interest rates steady, in line with expectations
The Bank of Japan is signaling a potential shift away from its long-standing ultra-easy monetary policy, though it continues to adopt a cautious stance on rate hikes.
At its recent meeting, the BOJ maintained short-term interest rates at…
Read More...
Read More...