07.10.2022
Chicago 12, Melborne City, USA
Politics

FOMC Hikes Policy Rate by 75 Basis Points, Signals Many More to Come

FOMC Hikes Policy Rate by 75 Basis Points, Signals Many More to Come Skip to content:

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Politics

AUDUSD Wave Analysis

AUDUSD broke key support level 0.6700 Likely to fall to support level 0.6600 AUDUSD currency pair recently broke the key support level 0.6700 (previous monthly low from July, which also reversed the pair earlier this month). The breakout of the support level 0.6700 continues the (c)-wave of the intermediate B-wave from the beginning of last […]

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Politics

Pound Falls to New 37-Year Low, Fed Looms

The British pound continues to lose ground. GBP/USD is trading at 1.3436. down 0.33%. Earlier in the day, the pound fell to 1.1304, its lowest level since 1985. Fed expected to hike by 0.75% The Federal Reserve holds its policy meeting later today, and is expected to deliver a third straight rate hike of 0.75%, […]

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Politics

The Price in Bearish Correction (b) May Fall to 15.055

XAG/USD. The Price in Bearish Correction (b) May Fall to 15.055 Skip to content:

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Politics

Natural Gas Futures Drop Sharply After Rebound Falters

Natural gas futures (October 2022 delivery) have drifted lower again after their recent advance failed to cross above the 9,210 mark. Even though the latest downward spike seems to have encountered significant support at the lower Bollinger band, the near-term technical: picture is constantly deteriorating. The momentum indicators also reflect that bearish forces have gained […]

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Politics

Euro Loses Steam on Disappointing Economic Data, All Eyes on Fed

EUR/USD. Euro Loses Steam on Disappointing Economic Data, All Eyes on Fed Skip to content:

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Politics

Another Fed Hike is Coming; Mind the Dots:

We have a very busy week ahead of us with four central bank meetings on the agenda, but the one to stand out may be the FOMC decision, scheduled on Wednesday at 18:00 GMT. Following last week’s hotter-than-expected CPIs for August, market participants have put on the table a full percentage point hike. But will […]

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Politics

USDCAD Storms to Fresh 22-Month High

USDCAD has been in an uptrend since early August when the price encountered strong support at the 200-day simple moving average (SMA). Moreover, in the past few sessions, the technical picture has improved even further, with the price recording a fresh 22-month high of 1.3270 and currently trading above its upper Bollinger band. The momentum […]

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Politics

GBPUSD Revisits Pandemic Lows as Bears Persist

GBPUSD corrected forcefully to the downside early on Friday, breaking below the critical 1.1400 pandemic low, where the bears halted the 2022 downtrend on September 7. The MACD is extending its bearish wave below its red signal and zero lines in the four-hour chart, while the RSI and the stochastics are negatively charged near their […]

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Politics

EUR/USD Pair is Now Consolidating Losses Near $1.0000

The Euro started a fresh decline from well above the 1.0150 level against the US Dollar. The EUR/USD pair declined below the 1.0100 and 1.0080 support levels. There was close below the 1.0050 level and the 50 hourly simple moving average. The pair is now consolidating losses near the 1.0000 level. An immediate resistance on […]

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