Thursday, September 22, is a busy day for most markets as the United States Federal Reserve increased interest rates to 75 basis points (bps) after a brief wait. Fed Imposes 75 Basis Points as Interest Soars The equity market woke up to the news that the Fed has pushed the interest rate to 75 basis … Read more
APAC Overview Overnight sessions saw the Nikkei climbing by 2.31%. That came after Japan’s economy soared more than first reported in Q2. GDP (Gross Domestic Product) grew by 3.5% in Q2 year-on-year. That was stronger than the 2.2% annualized preliminary estimate. Also, the GDP growth was better than the 2.9% median market prediction. Private consumption … Read more
The EUR/USD pair price action following a hawkish European Central Bank (ECB) Thursday session was disappointing as the meeting failed to address the lingering value slump of the Euro. The ECB’s Cautious Stance Offers Little Approval According to ING economic experts, they expect the EU energy ministers’ discussion to put additional downward pressure on the … Read more
Despite measures from most central banks to limit the supply of U.S. dollars, the currency has what it takes to end the year stronger, according to Wells Fargo. The U.S. Dollar is Expected to Stay Robust Analysts are America’s multinational financial services firm; Wells Fargo is confident about the USD’s continued strength. The analysts expect … Read more
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
