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Forex

USDMXN Muted After Banxico Meets Expectations with 75 bp Hike

Posted by By 11/08/2022Posted inForex
The Central Bank of Mexico raises 75bp after July inflation number reached its fastest pace in more than two decades
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Gold Price Forecast: Bullion Stalls at Resistance but Bullish Breakout in Play

Posted by By 11/08/2022Posted inForex
After a strong rally in recent weeks, gold prices have stalled near key technical resistance located slightly above the $1,800 area, but the metal maintains a positive near-term outlook.
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Oil Price Technical Forecast: Crude Surges Off Support- WTI Levels

Posted by By 11/08/2022Posted inForex
Oil prices surged more than 5% off the lows with WTI reversing sharply off key technical support- is a low in place? The levels that matter on the weekly chart.
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FTSE 100 Analysis: Relief Rally Muted by Psychological Resistance

Posted by By 11/08/2022Posted inForex
FTSE 100 has struggled to hold onto gains after temporarily rising above 7,500. Price action suggests that bulls may be challenged by a few hurdles before the uptrend can resume.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Posted by By 11/08/2022Posted inForex
The US Dollar is pulling back and EUR/USD is testing resistance. Can Euro bulls force a larger breakdown in DXY?
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DAX 40 Trims Gains as Risk-On Mood Fades, Technical Roadblocks in Play

Posted by By 11/08/2022Posted inForex
The index trimmed gains as Federal Reserve members reiterated the need for rate hikes which saw the risk-on mood fade.
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GBP/USD Technical Analysis: At Crossroads of Potentially Bullish Pattern

Posted by By 11/08/2022Posted inForex
GBP/USD is attempting to break the neckline of an inverse head-and-shoulders pattern and this could lead to higher levels.
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GBP/USD Forecast: Pound Appreciation May Be Short-lived Ahead of UK GDP

Posted by By 11/08/2022Posted inForex
Pound watchers brace themselves ahead of UK GDP tomorrow after GBP/USD rallied on the back of dollar weakness
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USD/JPY Price Forecast: Yen Claws Back Losses on Softer US CPI Print

Posted by By 11/08/2022Posted inForex
The yen recovered some ground as markets reassessed the likelihood of a 75 bps hike in September following a cooler US CPI print. Dollar to remain supported, however
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EUR/USD Nudging Higher on US Dollar Weakness

Posted by By 11/08/2022Posted inForex
The US dollar is fading lower in early European trade as investors continue to price-in Wednesday's weaker-than-expected US inflation release.
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