Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?
Euro, EUR/USD, US Dollar, GBP/USD, ECB, BoE, AUD/USD, Crude Oil – Talking Points Euro support continues as US Dollar IS undermined by dovish perceptions The Fed hiked rates but Fed Chair Powell’s comments juiced up markets If the ECB hike as anticipated, will EUR/USD turn around? Recommended by Daniel McCarthy Get Your Free EUR Forecast […]
NZDUSD Potential to Recent Swing High
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleNZDUSD, H4 | Potential to recent swing high TypeBullish Continuation Preference:Looking at the H4 chart, my overall bias for NZDUSD is slightly bullish, there is an ascending trendline . Looking for buy entry […]
XAG/USD dwindles after hitting a 9-month high, back below $23.50
After hitting a new nine-month high of $24.62, Silver price nosedives, failing to break the $23.00-$24.50 range for the fourth consecutive day in the week, and exchanges hands at around $23.40s at the time of writing. Wall Street continues to record gains bolstered by a big tech company projecting a positive outlook for 2023. The […]
Gold Prices (XAU) Retreat from Recent High, Silver (XAG) Follows Suit
Gold (XAU/USD), Silver (XAG/USD) Outlook: Gold prices rise to nine-month high – Fed, ECB and BoE rate hikes boost precious metals before retreating to support. Silver futures wrestle with resistance around $24.220, a key historic level that continues to keep bulls in check. Interest rates rise in-line with expectations – economic outlook remains bleak as […]
NZDUSD potential to swing high
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleNZDUSD, H4 | Potential to swing high TypeBearish ReversalPreference:looking for buy at 0.64184 which is a pullback entry, take profit at 0.65248 which is the key resistance level. Source link
FOMC responses – inflation still high, more +25bp hikes ahead,
A couple of analyst snippets in response to Wednessday’s Federal Open Market Committee (FOMC) and Powell. BMO: there are more tightening moves to be realized this cycle still too soon to look for the Fed to shift to an on-hold stance inflation … eased somewhat, but remains elevated the phrase “pace of future increases” transitioned […]
Dollar hits one-week high on caution ahead of central bank meetings By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar hit its highest level in a week in early trading in Europe on Tuesday, as markets worldwide dialed down their risk appetite ahead of some big central bank meetings over the next couple of days. By 03:00 ET (08:00 GMT), the , which tracks the greenback […]
High interest rates to hold back gold’s rally: Reuters poll
Reuters Note Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll showed on Tuesday. The poll of 38 analysts and traders returned median forecasts for gold to average $1,825 an ounce in the first quarter of this year, $1,840 […]
To test the 20-day EMA after hitting a new session high around 130.50
USD/JPY recovers some ground as traders brace for a busy US economic calendar. Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term. SUD/JPY Price Analysis: Remains downward biased, but it could aim higher. USD/JPY erases last Friday’s losses and […]
Fed to hike 25bps; the bar is high to flip the status quo for USD – TD
TD Research discusses its expectations for next week’s FOMC policy meeting. “We expect a 25bp rate hike at next week’s FOMC meeting taking the Fed funds target range to 4.50%-4.75%, and raising the IOER and RRP rates to 4.65% and 4.55%, respectively. The move would be the second consecutive downshift in hiking pace by the […]