The EUR/USD pair maintains a bearish bias if it stays under the downtrend line. The currency pair could come back down if it fails to close the gap down. A bearish pattern around the downtrend line could announce a new leg down. The EUR/USD price loses altitude after reaching the 1.1231 level. The currency pair […]
EUR/USD 1.12 Holds, Gap Down Intact! Read More »
Investors prepare for the toughest sanctions yet as Russian assets disappear amid military attacks in Ukraine. More than $259 billion in stocks were liquidated as a result. The military offense in Ukraine affected markets globally, and a new battle for risk aversion began. Following Russian President Vladimir Putin’s decision to “demilitarise” its neighbor, Moscow’s capabilities
Equities Lose $250 bn, Russia to Hike Rates Soon Read More »
Since 2014, oil prices have wholly broken to around $100 a barrel. Most markets have eventually fallen, and the ruble has reached record lows against the US dollar. This happened after Russian President Vladimir Putin had launched an offensive action in Ukraine. Stocks plunge, safe-haven assets rise Major European stock markets have opened 2.5% -4%
Russia Attacks Ukraine; Stocks Plummet, Oil Surges Above $100 Read More »
Tensions about a possible Russian invasion of Ukraine have pushed global markets to the brink of collapse. The possibility of conflict in Ukraine, as well as the likelihood of increasing interest rates, shook the markets this week, sending prices plummeting as frightened investors fled stocks. So, how are the markets performing, and what to look
How are crises in Ukraine hitting the global markets? Read More »
After a rollercoaster in January, the first week of February has a lot in store. Firstly, the BoE monetary policy report on Thursday. The ECB will also announce its monetary policy on Thursday. We have a busy week from the US, with NFP on Friday. So, what can these events bring for the overall markets?
What to look for this week? BoE, NFP, and ECB in focus Read More »
The Federal Reserve kept interest rates around zero on Wednesday, January 26, but maintained its intention to abandon its pandemic-era cheap money policies in the face of significant price increases. So, what can we see in the long run? Powell’s press conference Federal Reserve Chair Jerome Powell suggested in his post-meeting news conference on January
Feds held interest rates near zero but signaled higher rates Read More »
As the Delta wave faded and the Omicron variant became a threat to the rebound in the last months of 2021, the US economic recovery picked up speed. So, will we see a pace in growth in 2022? Strong fourth quarter The fourth quarter provided some reprieve between coronavirus outbreaks. It began while the Delta
US Economy grew more than expected; what’s next? Read More »
A low of 0.6702 or 141 pips was achieved in November in NZD/USD after breaking below its 5-year average at 0.6843. The high was 0.6840, up 138 pips. Currently, NZD/USD is at 0.6809, starting in November. Higher NZD/USD needs to breakthrough 0.6841, 0.6856, and 0.68888. Below is a targeted price of 0.6503 and the same
Currency market forecast report: EUR/USD, NZD/USD, AUD/USD, XEU and ECU Read More »
For the year, the USDCHF range is relatively narrow. Flows out of the safety of the CHF and a rise in the USD have both resulted in a recovery in the USDCHF in 2021. Technically, the longer-term weekly chart suggests a more bearish bias for the year as a whole, despite gains in recent months.
USDCHF is High this Year with Sudden up & down Chop Read More »
The Turkish lira has fallen by almost 8%, and speculators are waiting for the Central Bank to run out of dollars. Lira rose sharply in the past week due to interventions. Traders estimate that government intervention last week cost the central bank more than $ 8 billion On Monday, the lira fell nearly 8% against
Sooner or later, the Bank of Turkey will run out of dollars Read More »
