Briefly- USD/INR maintained a massive recovery over the last few days. Federal Reserve and RSPI seem to diverge. RBI might slow its rate hikes in the short term. USD/INR had its price moving sideways today as market players contemplated the recent interest rate moves by the Reserve of India and the Federal Reserve. Also, the … Read more
EUR/GBP Prediction Ahead of BOE’s Massive Rate Hike Briefly – EUR/GBP has lost 4% from June’s highest mark. Focus remains on the upcoming rate decision by the Bank of England. The central bank will introduce a 0.50% interest rate increase to curb inflation. EUR/GBO maintained sideways moves early on Thursday as market players concentrated on … Read more
Briefly– ECB to debate a 50 basis point rate increase. Euro sees gains. ECB might surprise in all directions. The euro remains upside days before the financial meeting by the European Central Bank. The common currency surged across the board following a massive rebound after trading beneath parity last week when it slumped to 0.9950 … Read more
Briefly – USD/CAD has printed a double top setup on its 4hr chart. Markets expect another 50bp hike from BOC. The U.S will announce consumer inflation data. USD/CAD has its price hitting a massive resistance ahead of the Bank of Canada’s upcoming rate decision. While publishing this content, the pair traded at 1,3020, slightly beneath … Read more
Briefly- EUR/USD nears parity once more. USD/JPY hits new yearly peaks. Markets concentrate on the U.S CPI this week. The Federal Reserve has what it needed to increase the funds’ rate by a 75 basis point in July following last Friday’s non-farm payroll in the U.S. The rate hike will strengthen the United Stated dollar … Read more
The Bank of Japan remains unbothered by a weak yen. A pennant setup indicates further upside. The 140 mark might showcase this summer. The Japanese Yen pairs saw 2022 as an opportunity to breakout. The yen depreciates against peers, while most traders perceive the move as overextended. But, should you worry? True enough, the yen … Read more
The Ukrainian invasion and the West’s sanctions plunged the ruble by 40%, but the Russian currency rebounded massively to seven-year highs. For now, the ruble remains strong, and RCB tries to weaken the currency as it might hurt exports. Dan Ashmore argues that the ruble’s strength is fake, though it confirms the failure of the … Read more
Briefly – Fed hiked interest rates by 75 basis points. The goal is to push rates beyond neutral at around 100bp. More impending hikes. 2022 seems a historic year for monetary decisions by central banks. The European Central banks conducted an emergence conference yesterday, following last week’s daunting task. Nevertheless, the market had no time … Read more
Things have been looking a bit shadowy in the cryptocurrency industry, with Bitcoin declining almost by 50% since the period of all-time high as of November 2021. Although there are precise trends that indicate a shift is in view. Bitcoin is presently on to its 12th week of the principal reduction since the all-time high, … Read more
The US dollar’s continual decline and Underperformance in the Forex market recently reflect on other currency pairs leveraged on the green paperback, as is the case for the USD/CAD currency pair. USD/CAD is consolidating at the 1.2500 region, unable to field enough momentum to reverse from a nine-week long downward low of 1.2453 it plunged … Read more
