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EUR/USD Forecast: Signal As A Double Top Pattern Forms

EUR/USD Forecast: Signal As A Double Top Pattern Forms

 Image source: Pixabay   The EUR/USD pair has formed a double-top pattern on the daily chart. The Federal Reserve pointed to rate cuts in 2023. The European Central Bank noted that rates will remain high for a while. The EUR/USD pair formed a double-top pattern as traders reflected on the latest ECB and Federal Reserve decisions. […]
GBP/USD Price Analysis: Bulls Dominate After Hawkish BoE

GBP/USD Price Analysis: Bulls Dominate After Hawkish BoE

The Bank of England (BOE) stands firm in its hawkish stance, even as the prospect of US rate cuts gains traction, making for a bullish GBP/USD price analysis. On Thursday, the BOE affirmed its commitment to keeping British interest rates elevated for an extended period. In contrast, the Fed has signaled rate cuts in 2024.Governor […]
What A Difference Two Weeks Makes

What A Difference Two Weeks Makes

 Image Source: UnsplashTwo weeks ago, Federal Reserve Chairman Jerome Powell said it would be “premature” to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, I break down this week’s Fed […]
Ethereum Forecast: Looks Bullish

Ethereum Forecast: Looks Bullish

In this journey, we must keep an eye on the $2050 level, which is where the 50-Day Exponential Moving Average sits. If Ethereum drops below this level, it could spell trouble. Ethereum has been on a roll lately, and it’s not just a fluke. The reason behind this rally is the growing speculation around central […]
SNB Has Ended The Tightening Policy In This Cycle

SNB Has Ended The Tightening Policy In This Cycle

Image Source: Pexels  As of Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.43%, while the S&P 500 Index (US500) added 0.26%. The Nasdaq Technology Index (US100) closed positive by 0.19%.Economic news from the US on Thursday was better than expected. Weekly initial jobless claims unexpectedly fell by 19,000 to an 8-week low of 202,000, indicating a stronger labor market. In addition, […]
Market Braces For ‘Triple Witching’ Friday As Over $5T In Contracts To Expire

Market Braces For ‘Triple Witching’ Friday As Over $5T In Contracts To Expire

Image Source: Pixabay  Traders are bracing for a volatile session on Friday as over $5 trillion of options contracts are poised to expire on the same day.Traders are bracing for a “triple witching” event on Friday, a market phenomenon where stock index futures, stock index options, and stock options all expire on the same day. With […]
Fed Repricing More Pronounced Post ECB, BoE

Fed Repricing More Pronounced Post ECB, BoE

Image Source: Pixabay  The post-Fed market repricing has continued into Friday. Rates in the US have plunged further after Wednesday’s dovish central bank decision, especially in the aftermath of relatively hawkish decisions from the BoE and ECB.Video Length: 00:01:08More By This Author:Previewing The BOE And ECB Policy DecisionsDollar Recovers On Strong US Economic Data Traders Caught […]
Dollar Index Under Pressure In The Week Of Central Banks

Dollar Index Under Pressure In The Week Of Central Banks

Dollar index chart analysisAfter the Fed decided to leave the interest rate at the same level, the dollar index began to retreat from the 104.00 level. Yesterday, we saw the formation of a new December low at the 101.70 level. During the Asian trading session, the dollar managed to stop the fall and start a […]
Greenlight For Gold?

Greenlight For Gold?

Image Source: Unsplash  Has the Fed just given the green light for gold to gain into the start of 2024? With a dovish dot plot forecasting 3 Fed rate cuts next year, bonds were heavily bought last night and the USD was convincingly sold.Markets are seeing easier conditions ahead. Remember, when yields fall, and the USD […]
Silver Forecast: Looks Strong Again

Silver Forecast: Looks Strong Again

In the end, silver is showing strength, and there’s a good chance it will continue to rise.  Silver had a good day in trading on Thursday, climbing above the $24 level. It looks like buyers are interested in silver, and that’s partly because the Federal Reserve made some changes in its plans during the last session. The market […]