ECB’s Vujcic (neutral – voter) confirmed that the tightening cycle has ended, and the ECB will now hold rates steady for as long as necessary to get back to their 2% inflation target: We have finished with the process of raising interest rates for now. At this moment we see that inflation is falling, we
Share: EUR/USD gained more than 1% on Friday, rising near 1.0730. The USD, measured by the DXY index, will close with a 1.40% weekly loss. The dovish stance of the Fed and weak NFPs from October made the USD tumble. In Friday’s session, the EUR/USD soared to 1.0730, closing a 1.50% gaining week,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor market data showing a slowdown in job growth fueled speculation that the Federal Reserve may halt rate hikes. Fed officials Thomas Barkin and Neil Kashkari
GBPUSD daily Cable may have found a bottom. The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349. It’s the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair can run when it
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from October 30 to November 3, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and
Share: Nonfarm Payrolls surprised expectations to the downside in October. This brought the USD lower from its high ground. Economists at TD Securities analyze Greenback’s outlook. A topping out of 10Y yields and US rates vol will help revive the high-quality carry currencies Both the headline jobs number and wage data came on
The US dollar is making fresh lows for the week as the stock market sizzles. The S&P 500 is up 1.1% and the Russell 2000 up 2.8% in a broad rally in risk assets after a jobs report that painted a benign picture of the economy. The market is now pricing in 98 bps in
Hello traders, Today I spotted three trading setups and l placed four positions in total. My first trade was a short position on GBPGBY 1 hour timeframe. it was a well formed supply zone that was formed inside higher timeframe zone. Finally price went through the zone and it was losing trade. After that, I
Share: In one year, Americans will elect their president. Polls show Donald Trump in a neck-and-neck race with incumbent Joe Biden. Economists at Commerzbank analyze market implications of the US elections. Prolonged period with unclear winner to weigh on the markets for some time In 2024, it will likely be important to see
