Dollar pauses in bullish run; Aussie climbs on RBA’s hawkish outlook By Reuters
© Reuters. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their forecasts of how high the U.S. […]
OANDA to Exit Malta in March, to Run European Business from Poland
OANDA, a longtime player in the multi-asset retail trading industry, has announced its plans to finally shut down its operations in Malta on March 17, 2023, and run its European business “under one regulated entity” from Poland. The broker announced on Monday that it will transfer its business to its Polish subsidiary, OANDA TMS Brokers, […]
Bears eye a run to 1.2170, but watch out for the trap
GBP/USD bulls face the task of getting back over the line ahead of the NFP. Bears are taking on a key layer of support with eyes to 1.2170. GBP/USD is on the defensive following a recent break of daily structure that led to a colossal sell-off in the London and New York equities opening hours. […]
S&P 500 and USDJPY: FOMC Strategy Run Down
S&P 500, FOMC Rate Decision, US Dollar and USDJPY Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The market forged its way through a heavy session of event risk, but the focus remains on Wednesday’s top listing: the FOMC rate decision We run through the scenarios for the […]
Oil bulls continue to run into sellers ahead of $83
Adam Button Friday, 27/01/2023 | 16:13 GMT-0 27/01/2023 | 16:13 GMT-0 Every time oil hits $83 and fades, the importance of that level grows. The WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is […]
Market Spotlight: Is Bitcoin Beginning A Fresh Bull Run?
Risk Markets Holding Up Ahead of FedDespite some nervousness in markets on the back of a gloomy outlook from Intel yesterday, tech assets appear to be holding up today ahead of the US open. Indeed, despite some intra-day volatility yesterday, the NASDAQ rebounded to end the day higher. Looking across the risk markets, crypt assets […]
MUFG thinks the EUR/CHF breakout has room to run
Go with the break is the message from MUFG Research’s first trade of the week for 2023. They suggest buying EUR/CHF from spot (reference 1.0045) with a target of 1.0470 and a stop at 0.9830. “We are recommending a new long EUR/CHF trade idea. Given the CHF’s role as a regional safe haven currency, the […]
EUR USD, A TREND REVERSAL OR A CORRECTION IN BULL RUN? – Forex Trading Analysis
Eur usd Eur usd touched nearly 1.20000 recently and very quickly returned to 1.18800. This quick move created a doubt in trader’s mind, if it is a beginning of trend reversal or just a correction in the bull run? If we look at the price action at first glance it looks like a correction and […]