Bank of England Hikes Rates by 0.25%, GBP/USD Slumps
The Bank of England hiked interest rates by 25 basis points today, as expected, but the overall dovish tone of the release slammed Sterling lower.
S&P 500, Dow Jones Technical Outlook: Bullish Momentum Fades
US equities advanced over the last 48 hours as the Fed began the rate hiking cycle. Signs of fatigue appear after yesterday’s advance. Key levels to watch out for
Euro Dollar Outlook: EUR/USD Breaks Resistance Despite Rising Risks
After falling below the key psychological level of 1.1200, EUR/USD remains above 1.100 in an effort to find support
Japanese Yen Technical Setup: Central Bank Divergence Propels USD/JPY
Yesterday’s Fed announcement pushed USD/JPY to six-year highs leaving technical gauges in favor of potential Yen strength.
DAX Roars Higher as Ukraine War Fears Ebb. Will the Rally Continue?
Germany’s DAX stock market index launched a spirited recovery as worries about the war in Ukraine began to ebb across global financial markets. Will the advance find lasting follow-through?
Euro Leaps Post Fed Hike as Chair Powell Pleases Markets. Has EUR/USD Seen the Low?
The Euro has found some solid footing despite the US lifting rates as the Fed indicated a good growth story. Will EUR/USD continue higher?
Gold Rallies Despite Fed Rate Hike as US Dollar Falls, Will Market Confidence Linger?
Gold prices climbed after the Federal Reserve hiked rates and the US Dollar weakened. A closely watched section of the yield curve remained lower despite market confidence in the central…
10 Trading Mistakes to Avoid in Forex Trading
Human error in the FX market is common and can lead to common trading mistakes. See the top 10.
Crude Oil Forecast: China Lockdowns Temper Demand as US Supply Increases
WTI crude oil prices have surrendered recent gains, falling more than 25% from last week's high. Lockdowns in China have tempered demand expectations as the US slowly ramps up production.
Australian Dollar Boosted by Robust Jobs Data. Will AUD/USD Test Higher?
The Australian Dollar has continued higher after strong employment numbers showed a healthy jobs market. Where to forAUD/USD?