EUR/USD, AUD/USD on Shaky Ground Ahead of US GDP Data

EUR/USD, AUD/USD OUTLOOK: Traders will closely watch U.S. GDP data on Thursday The U.S. economy is forecast to have grown by 4.3% in the third quarter Strong economic activity numbers could boost the U.S. dollar, sending both EUR/USD and AUD/USD sharply lower Most Read: USD/CAD Fails to Sustain Breakout after Bank of Canada Decision. What’s

Bank of Canada interest rate pause continued, with a “clear hiking bias”

The Bank of Canada left its overnight rate unchanged at 5%, although other events overtook the news on it: Via, RBC, their ‘Bottom Line” response, in brief: CPI readings still running well above the 2% target, the BoC is firmly focused on getting inflation under control. Slower than expected progress is a concern. But evidence

GBP/USD at Risk of Freefall if 1.2000 Psychological Level is Broken

GBP, DXY PRICE, CHARTS AND ANALYSIS: Read More: US Dollar Index (DXY) Update: US Dollar Retreats with GBP/USD Eyeing a Trendline Break GBPUSD enjoyed a mixed day with some consolidation in the European session as the DXY started the day on the back foot. The US session however, has seen a rise in US Yields

Research and Development – Other – 25 October 2023

How a newbie starts trading? I believe its just because he sees some Youtube videos of a content creator making millions and showing off his lavish lifestyle, starting his morning with a tea on his yatch in Dubai with 5 or 6 super models around him in bikini. Well this is not the truth, They

AUD/USD skidding towards 0.6300 as Aussie rolls over against Greenback

Share: The AUD/USD is backsliding on Wednesday, tumbling over 90 pips from the day’s early peak. Further red is on the cards as broad-market risk appetite sours, sending the USD higher. Aussie inflation risks are increasing, and the RBA’s holding pattern has investors worried. The AUD/USD hit an early high of 0.6399 on

Central Banks Dilemmas

It has been a rough road for the markets so far in Q4. The final quarter of the year has proven to be a challenging period for global financial markets. With lingering concerns over inflation, hawkish central bank stances, uncertainties in economic growth, and fiscal anxieties, both stocks and bonds have felt the strain. The

Israeli PM Netanyahu: We are preparing for a ground invasion

Israeli PM net now who is speaking and says: Doing everything possible to bring hostages home We are preparing for a ground invasion I want to give the details Timing of the invasion will be reached by consensus. Civilians in Gaza should move to the South We encourage Israel citizens to carry arms I will