2024

AUDUSD stuck in consolidation The Australian dollar continues its sideways trend as traders remain hopeful of a cut in the Feds rate. A tentative bounce off the 0.65 handle fuelled bulls enthusiasm and could lay the foundation for an…
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Get ready to trade the NFP LIVE with our leading experts!  Join our resident US market specialists, David Kindly and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on February 2nd, 2024.  All…
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The big event for the Euro this week in the wake of the ECB meeting is the release of inflation figures. We have to remember that in her post rate decision press conference, ECB President Christine Lagarde insisted that future rate…
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USDCHF falters at recovery Next week, the US dollar builds a base ahead of the Fed’s interest rate decision. An initial pop above 0.8725 has prompted short-term sellers to cover some of their bets. 0.87 along the 20-day moving average…
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EURUSD subdued as ECB remains firm The euro faltered in its latest attempt at a resurgence as the ECB kept interest rates unchanged. The central bank still duels with record high levels as it looks to bring inflation back to 2%.…
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Commodity currencies are on high alert as China struggles to deal with a $6 trillion rout in its stock market. The release of China's PMI figures next week will put renewed focus on the Asian giant, and whether it will be able to restore…
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USDCAD looks for triple top The Canadian dollar slipped against the greenback after the BoC paused its rate increases. The pair is seeking to confirm a break above the 1.35 handle. After hitting slight resistance at the said level, the…
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The debate over just how much cutting the Fed will do this year comes down to one factor: How well the economy does. Sure, the Fed is mandated to care about inflation and ensure full employment. But whether or not it can achieve those…
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EURUSD finds support The euro finds support from upbeat PMIs in the eurozone. The double bottom on the 4-hour chart at the lower 1.08 region continues to fuel the upward thrust. Price action has consolidated its gains above 1.0860,…
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