2023

GBPUSD rallies on high rate expectations Cable inches higher as the Bank of England is expected to stay hawkish. As inflation in the UK remains above 8%, the highest among major economies and seems to be stickier than in the US or…
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Over the last week, Chinese authorities have taken a series of measures to prop up the economy. That could be seen initially as a good sign for the global economy and commodity prices. But if the economy is doing well, then it typically…
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EURUSD surges towards recent peak The euro soared after the ECB's eighth consecutive interest rate hike amid rising inflation forecasts. The pair has been inching up along a rising trend line from last week and a surge above the supply…
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Tomorrow sees the meeting of the BOJ, followed next week by inflation figures. In somewhat unusual circumstances, the data coming out after the central bank meeting might have a bigger impact on the market. There is a lot of scrutiny on…
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The Fed left its rate unchanged but hinted rates may go above 5.5% by year-end. If inflation does not slow down to its targeted 2% range then more surprises could happen. Gold Price dropped to a 3-month low as the greenback saw a mild…
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USDJPY bounces back The US dollar bounced after the Fed signalled another 50 bp hike by year-end despite a pause. The pair has consolidated its gains along the 20-day SMA (139.00) after rising above the key supply zone around 138.00.…
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