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UK Services Inflation Rises But Underlying Story Is Improving

UK Services Inflation Rises But Underlying Story Is Improving

Don’t be fooled by the latest rise in UK services inflation. It’s largely down to base effects and faster price growth in categories the Bank of England is less bothered about. The underlying story is slowly improving and we think that means faster rate cuts through the winter, even if we’re expecting no change at tomorrow’s […]
BTCUSD Critical Levels Into The FOMC

BTCUSD Critical Levels Into The FOMC

In this update we review the recent price action in BTCUSD and identify high probability price patterns and price objectives ahead of the FOMC decision today.Video Length: 00:02:47More By This Author:FTSE Prints Two Week Highs Ahead Of Central Bank Bonazza XAUUSD Multi Timeframe SetupSP500 & US500 Daily Trade Plan – Thursday, September 12
USD/CAD Forecast: US Dollar Tests 200 Day EMA Against Canadian Dollar

USD/CAD Forecast: US Dollar Tests 200 Day EMA Against Canadian Dollar

If we were to break above the 1.3650 level, then the market is likely to go 1.3750 level above, which of course has seen a lot of resistance previously. If we can break above there, then the next target would be the 1.39 level. The 1.39 level is a major area of resistance on longer-term […]
UK Inflation Steady At 2.2% In August, Services Sector Prices Rise

UK Inflation Steady At 2.2% In August, Services Sector Prices Rise

The UK’s inflation rate held steady at 2.2% in August, according to data released by the Office for National Statistics (ONS) on Wednesday.The stable inflation rate leaves room for potential interest rate cuts by the Bank of England (BoE) later this year, though the central bank’s Monetary Policy Committee (MPC) is expected to maintain current […]
USD/JPY Corrects Below 142.00 Ahead Of Fed Verdict

USD/JPY Corrects Below 142.00 Ahead Of Fed Verdict

The USD/JPY pair drops below 142.00 in Wednesday’s European session. The asset faces selling pressure after a recovery move to near 142.47 as the US Dollar (USD) slumps ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.The market sentiment remains cheerful as the Fed is almost certain to start reducing interest rates. S&P 500 futures have posted decent […]
USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI

USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI

The USD/CAD price analysis shows mild bullish momentum as the Canadian dollar remains fragile after softer-than-expected inflation data. At the same time, the dollar was steady as sales data pointed to a gradual start to Fed rate cuts.Data on Tuesday showed that inflation fell by 0.2% monthly, surprising economists who had forecast no change. Inflation […]
Teen Jobs Plunge In August 2024

Teen Jobs Plunge In August 2024

The employment situation for U.S. teens significantly worsened in August 2024 with both the number and percentage of working teens within the Age 16-19 population dropping to their lowest level since 2021.The decline continues a falling trend in teen employment that has taken hold since May 2024, which is very visible in the Bureau of […]
Fed Decision Preview – Wednesday, September 18

Fed Decision Preview – Wednesday, September 18

Today’s Fed decision will be getting that much more attention given the fact that there is so much uncertainty around what the Fed will actually do. Several weeks back, a 25-basis point cut was the clear expectation. But in recent days, things have changed quite a bit.Video Length: 00:02:31More By This Author:Euro Runs Up After […]
NIFTY 50 Index Elliott Wave Technical Analysis – Wednesday, September 18

NIFTY 50 Index Elliott Wave Technical Analysis – Wednesday, September 18

NIFTY 50 (INDIA) Elliott Wave Analysis – Daily ChartNIFTY 50 (INDIA) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 2 Details: Navy Blue Wave 2 appears complete, with Orange Wave 1 of Navy Blue Wave 3 now in play. Wave Cancel Invalidation Level: […]
USD/JPY Experiences Renewed Decline As Market Adjusts Expectations

USD/JPY Experiences Renewed Decline As Market Adjusts Expectations

The USD/JPY pair is currently stabilising around 141.44 on Wednesday, following a brief strengthening of the US dollar which impacted the yen negatively the previous day. Despite this, the overarching downward trend for the pair persists.Tuesday witnessed strong US retail sales data, bolstering the dollar’s strength temporarily and leading to a correction in the JPY. […]