With the European Central Bank (ECB) leaning towards cutting interest rates again soon, will the upcoming CPI release seal the deal for an easing move in their upcoming meeting? Here’s what…
Category: Forex
Premium Watchlist Recaps: Sept. 24 – 25, 2024
This week our currency strategists focused on the Australian CPI update and the monetary policy statement from the Swiss National Bank for potential high-quality setups. Out of the four scenario/price outlook discussions…
FX Weekly Recap: September 23 – 27, 2024
The major currencies saw a lot of action as traders took their cues from central bank updates, China’s new stimulus measures, and closely watched data releases.
Global Market Weekly Recap: September 23 – 27, 2024
It was another busy week for the major assets, which traded on major central bank updates and rising geopolitical tensions.
Chart Art: S&P 500 Testing Its Rising Wedge Resistance
U.S. equity indices have been setting one record high after another these days! But is it time for a major pullback on the S&P 500 soon? Check out these inflection points I’m…
Chart Art: EUR/JPY Reversal Pattern Forming
Has EUR/JPY reached the end of its trend? Check out this reversal chart pattern forming on the pair’s 4-hour time frame while price is inching closer to testing the neckline! EUR/JPY 4-hour…
Daily Broad Market Recap – September 26, 2024
Markets got an extra dose of risk-on vibes thanks to yet another set of stimulus measures from China. Meanwhile, the Swiss National Bank (SNB) announced its third interest rate cut in a…
Swiss National Bank Cuts Interest Rate to 1.00%
The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, September 26, 2024, lowering it to 1.00% as widely expected. This marks the third consecutive…
Event Guide: U.S. Core PCE Price Index (August 2024)
Will the upcoming U.S. core PCE price index keep the Fed likely to ease monetary policy gradually or can the central bank’s preferred inflation measure tip the scales towards a more aggressive…
Chart Art: WTI Crude Oil (USOIL) Still Stalling Around Area of Interest!
It looks like WTI crude oil traders just can’t make up their minds! The energy commodity is still hanging out at its area of interest visible on the 4-hour time frame, as…