ECB meets on Thursday; markets expect a 25bps rate cut Lots of reasons for a pause, including the lack of staff projections But the ECB might choose to avoid disappointing the markets The euro could really benefit from a rate […]
ECB to Cut Rates Despite Plethora of Reasons for a Pause Read More »
Gold enters a new bull run; shifts spotlight to all-time high Technical signals point to more upside; close above 2,650 needed Gold started a new bullish corrective phase near the 2,600 level last week, adding extra credence to its upward
Gold Might Take Another Bullish Shot Read More »
The ECB is expected to deliver its first back-to-back rate cut on Thursday CPI data incoming in Canada, China, Japan, New Zealand and UK China GDP and US retail sales also high on investors’ radar Is an ECB rate cut
Week Ahead – ECB Headed Towards Another Cut, CPI on the Agenda Elsewhere Read More »
Gold outperforms other asset classes; provides protection against risk events Tailwinds could persist as Q4 agenda includes US election, Fed policy, and geopolitical risks Technical outlook remains positive; another bull run could commence Previously in Q3 It’s a golden age
What’s in Store for Gold in Q4? Read More »
USDCHF finds fresh buying near 50-day SMA; rises to six-week high Short-term outlook remains positive, but a pullback cannot be ruled out US CPI inflation data may create fresh volatility at 12:30 GMT USDCHF secured strong footing near 50-day simple
USDCHF Looks Promising Ahead of US CPI Data Read More »
USDJPY creates bullish correction from 14-month low RSI and MACD stand above their mid-levels USDJPY is holding above the 38.2% Fibonacci retracement level of the down leg from 161.94 to 136.56 at 148.10 but is failing to extend its rebound
USDJPY Hovers Near 38.2% Fibonacci Level Read More »
US NFP data eliminate chances of another 50bps rate cut Spotlight turns to US CPI numbers for September PMI data corroborate the notion for sticky underlying inflation The data comes out on Thursday, at 12:30 GMT Bets of 50bps cut
As Investors Scale Back Fed Cut Bets, US CPI Data Enters the Spotlight Read More »
EURUSD posts 6 red sessions Price plunges below 1.1000 Stochastics indicates upside recovery But RSI keeps falling EURUSD plummeted more than 2% after the pullback from the double top around 1.1200, recording six straight red days. The price also tumbled
EURUSD Pauses Southward Run Near 1.0950 Read More »
US CPI data to guide Fed rate cut bets and the dollar RBNZ expected to cut interest rates by 50bps Wounded pound awaits monthly GDP numbers Canada jobs data and BoC business survey also on tab Dollar rebounds on safe
Week Ahead – As Dollar Recovers, Spotlight Falls on US CPI Inflation Read More »
USDCAD returns above 20-day EMA and familiar constraining line Technical signals cannot warrant a meaningful rally September’s US nonfarm payrolls due at 12:30 GMT USDCAD continued its upward movement from a seven-month low of 1.3418, surpassing its 20-day exponential moving
USDCAD Holds on Recovery Action as NFP Report Awaited Read More »
