Bulls Lack Conviction Above the 1.3700 Handle

USD/CAD PRICE, CHARTS AND ANALYSIS: USDCAD is Intriguing at Present as the Loonie and USD Cancel Each Other Out Facilitating a Period of Consolidation Canadian Retail Sales Stagnate Despite an Upward Revision to Last Months Print. The Drop in Canadian Inflation Data and Stagnating Retail Sales Point to a Hold from the BoC Next Week.

Dollar Index Slips, Euro Rises Amid Fed Chair’s Dovish Remarks By Investing.com

© Reuters The experienced a 0.33% decrease on Thursday, October 19, 2023, following Federal Reserve Chair Powell’s indication of maintaining interest rates steady at the forthcoming Federal Open Market Committee (FOMC) meeting and his cautious stance towards additional policy firming. This decline was mitigated by the 10-year Treasury note yield reaching a 16-year peak and

Ongoing GBP challenges into year-end – CIBC

Share: The BoE is likely done raising rates – and the combination of weak activity and a softening labour market will weigh on the GBP in the near-term, economists at CIBC Capital Markets report. The BoE is done but will leave the door ajar Having held rates in September, it appears that the

B-Clock Modified MT4 Indicator – ForexMT4Indicators.com

In the ever-evolving landscape of forex trading, staying ahead of the curve is essential for success. Traders need tools that can help them make informed decisions in real-time. One such tool that has gained popularity in recent times is the B-Clock Modified MT4 Indicator. In this article, we will delve into the world of forex

Brent Crude Oil Set for Second Weekly Advance as Tensions Ramp Up

Brent Crude Oil News and Analysis Fighting continues on multiple fronts as diplomatic efforts do little to calm tensions Brent crude oil edges higher ahead of the weekend IG client sentiment hints at continued bullish momentum as traders pile into shorts The analysis in this article makes use of chart patterns and key support and

Pause Brings Optimism!

The European Central Bank (ECB) and the Bank of England (BoE) are both expected to maintain their current interest rates without any significant changes. ECB officials are generally leaning towards keeping rates stable, and the likelihood of a rate cut in the near future is low. In the central scenario, interest rates are expected to

It’s all about the known unknowns right now

If you’ve been glued to yours screens waiting for that USD/JPY push towards 150.00 again, it must be a real snoozer over the last 1.5 hours. Here’s the minute price action in the pair and it shows a roughly 8-10 pips range: At this stage, it’s all about anticipating the things that will or might

FTSE 100, DAX 40 and Russell 2000 Drop on Risk-Off Sentiment

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Russell 2000 Analysis and Charts ​​​FTSE 100 falls out of bed on hawkish Fed ​The FTSE 100 once again failed in the 7,700 region and dropped by over 2.5% over the past couple of days as the US Federal Reserve (Fed) re-iterates its