Tag Archives: Forex

The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of 1.31 to 1. This sentiment is further underscored by an increase in net-short bets byContinue Reading

Key points: Asian markets are set to climb higher on Thursday, fuelled by the positive sentiment that followed benign inflation figures from the U.S. This optimism suggests that the Federal Reserve might begin reducing interest rates, a move eagerly anticipated by investors. Economic uncertainties in China and Japan In China, however, the economic outlook remainsContinue Reading

Key points: China is contemplating a policy move where local governments would purchase millions of unsold homes. This initiative aims to stabilise the distressed real estate sector, which has seen home sales plummet by nearly 50%, leaving a vast inventory of unoccupied properties. Australian dollar rises on optimism Picture: The AUD/USD pair is moving upwards.Continue Reading

Key Points:  The upcoming US inflation report is expected to play a key role in shaping the value of the USD and guiding perceptions of next moves by the Federal Reserve. Over the past months, the dollar has enjoyed a rally, driven primarily by a shift in expectations towards a less accommodative monetary policy byContinue Reading

Key points On Monday, gold prices failed to sustain an upward movement beyond the $2,375 mark, resulting in a decline below $2,350. This movement suggests a possible test of lower support levels, primarily around $2,280, which aligns with the 50-day simple moving average and recent lows. Should this support level fail, the next target forContinue Reading

Key points: The dollar held its ground on Tuesday, as the market’s attention turns to an inflation report that could dictate the course of U.S. interest rates. Meanwhile, the yen stayed close to a two-week low, igniting fears of potential governmental intervention. Federal Reserve response to labour data in May 2024 This calm in theContinue Reading

Key points: The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to be released this week. The data is expected to play a significant role in the Federal Reserve’s decision-making about potential rate cuts in 2024. Recent employment figures, which came in below expectations, along withContinue Reading

As we edge closer to the CPI release on May 15, 2024, market participants are aware of the potential for this data to influence the Federal Reserve’s upcoming interest rate policies. This is especially crucial as it marks one of the key economic updates before the FOMC gathers on June 12. CPI release timing ScheduledContinue Reading

Key points The U.S. dollar exhibited weakness in early trading in Asia this Friday, continuing its decline from the previous night against the euro and sterling. This movement comes as new data points to a slowing labor market in the U.S., thereby increasing the likelihood of the Federal Reserve cutting interest rates later this year.Continue Reading

Key points The dollar displayed initial uncertainty at the outset of the week. However, recent sessions have seen a revival in its strength, spurred by key technical observations. After approaching crucial technical levels last Friday, the dollar avoided a breakdown, aiding its recovery early this week amid a fluctuating market sentiment. Picture: EUR/USD price movementContinue Reading