The GBP/USD is trading lower, mostly due to the strength of the US Dollar after the Fed. Brexit headlines and US data are due later in the day. The technical picture is OK for the pair, despite the slide. The GBP/USD is trading closer to 1.3100 after failing to conquer 1.3200 on Wednesday. The primary […]
A crisis over Italy’s budget comes to the forefront and weighs on the Euro. The US Dollar is emerging as a winner from the Fed decision. The pair lost the 50SMA-4h, turning bearish. The EUR/USD is trading below 1.1700, down on the day and out of the recent range. The battle over Italy’s budget that was brewing […]
The EUR/USD suffered the eventual USD strength that followed the Fed decision and the saga over the Italian budget. After dropping to around 1.1700, it does not have support and may continue falling. The Technical Confluences Indicator shows that the pair is capped by 1.1715 which is the convergence of the Pivot Point one-day Support 1, the Simple Moving Average 10-one-day, […]
The Fed raised rates and left the dot-plot unchanged. The removal of the “accommodative policy” wording hit the US Dollar. This is not necessarily dovish as it seems. The Federal Reserve raised interest rates as expected. They also maintained the dot-plot as is, thus indicating another increase in December, concluding 2018 with four hikes. The […]
The Federal Reserve is set to raise interest rates in its September decision and probably signal another rate hike in December. But what’s next? The dot-plot, comments on inflation, views on wages, and other signals will rock markets which are holding their breath. Fed Chair Jerome Powell’s press conference is set to provide additional volatility. […]
Ripple stands out from the other top cryptocurrencies by falling less than they do in times of trouble and rising more than others. Its market capitalization is breathing in Ethereum’s neck once again. What levels does it target? The Technical Confluence Indicator shows that the XRP/USD is around the convergence area of $0.5450 where we see the Bolinger […]
The final release of US GDP is closely watched to see if the robust growth number is confirmed. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The EURUSD moved, on average, 15 pips in the 15 minutes after the data release and 41 pips in the following […]
The GBP/USD is stuck in a narrow range as the Fed decision is awaited. Brexit headlines continue, but they need to be dramatic to move the pair. The technical picture is improving for Sterling. The GBP/USD is trading in the upper half of the 1.3100 handle and not going anywhere fast. Range trading is typical […]
The EUR/USD is trading in a very narrow range as the Fed decision is awaited. A rate hike is on the cards now and in December, but the future is unknown. The technical picture tilts slightly in favor of the bulls. The EUR/USD is trading around 1.1760, moving in a very narrow range of 20 […]
The final read for Britain’s Q2 GDP is expected to confirm the early numbers. Surprises are not uncommon in the final read, especially for the annual figure. Fear of a no-deal Brexit and the takeover of Brexit headlines came afterward. The final read of UK Gross Domestic Product is due on Friday, September 28th, at […]