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Bank Of England To Sit Tight And Await Crucial April Inflation Data

Bank Of England To Sit Tight And Await Crucial April Inflation Data

Expect the Bank of England to use Thursday’s decision to reiterate that rates need to stay restrictive for an extended period of time, a signal that it’s too early to contemplate policy easing. We expect the first rate cut to come in August. The Bank’s forward guidance isn’t likely to change – yetThe Bank of England […]
EURUSD Tests Channel Support: Bounce Or Breakdown?

EURUSD Tests Channel Support: Bounce Or Breakdown?

EURUSD has encountered a hurdle in its uptrend, reaching the lower boundary of a technical indicator. This analysis examines the current situation and explores potential scenarios for the currency pair. Uptrend at a Crossroads: Channel Support in Focus: EURUSD has reached the bottom of the rising price channel on the 4-hour chart. This technical pattern has been guiding […]
The Recession Hit Dollar Stores “People Can No Longer Afford To Shop”

The Recession Hit Dollar Stores “People Can No Longer Afford To Shop”

Image Source: Pexels  More recession signals. We’ve got the major dollar store chains in the US closing stores and reporting troubling results about consumer behavior. Those are now backed up by hard evidence in the form of retail sales, which have been much worse than initial thought. Behind everything, the looming recession, is the fact oil […]
AUD/USD Forecast: Aussie Continues To Grind Away

AUD/USD Forecast: Aussie Continues To Grind Away

If we were to break down below the candlestick from Tuesday, ostensibly breaking below the 50 day EMA, then it’s possible that the Australian dollar drops down to the 0.65 level. The Aussie dollar continues to trade in a tight range, as it looks like a lot of the major currency pairs are simply “stuck“ […]
The Commodities Feed: IEA Sees Tighter Oil Market

The Commodities Feed: IEA Sees Tighter Oil Market

Photo by Martin Adams on Unsplash   Oil rallied to its year-to-date highs yesterday as the International Energy Agency said it is now expecting a supply shortfall of around 0.3MMbbls/d for the year. Meanwhile, escalating tensions between Russia and Ukraine continued to provide support.  Energy: Oil rises on the IEA’s oil supply deficit forecastsICE Brent surged above US$85/bbl while NYMEX […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, March 15

Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, March 15

Image Source: Pixabay  AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, 15 March 2024  Australian Dollar / Japanese Yen(AUDJPY) Day Chart  AUDJPY Elliott Wave Technical Analysis  FUNCTION: Trend          MODE: impulsive          STRUCTURE: Red wave 3          POSITION:  Blue wave 1          DIRECTION NEXT HIGHER […]
FX Daily: The Yen Needs A Dovish Fed More Than A Hawkish BoJ

FX Daily: The Yen Needs A Dovish Fed More Than A Hawkish BoJ

Image Source: Pixabay  Japanese negotiated wages were reported at 5.3% this morning, the highest in 30 years. After some local media suggested the BoJ is preparing to hike next week, a move at the 19 March meeting seems likely. However, the yen is struggling to trade higher, showing how a US Treasury selloff can still overcome the […]
EUR/JPY Finds Some Support Above The 161.00 Mark, Focus On BoJ Rate Decision

EUR/JPY Finds Some Support Above The 161.00 Mark, Focus On BoJ Rate Decision

 Image Source: Pixabay   EUR/JPY trades on a softer note around 161.15 in Friday’s early European session.  BoJ’s Ueda said that policymakers will discuss whether the outlook is favorable enough to phase out the massive monetary stimulus.  ECB’s Lane said March data showed progress on inflation, but ECB needs more time to decide when to ease […]
Is It Just Too Much To Ignore?

Is It Just Too Much To Ignore?

Image Source: Unsplash  Earlier this week, US CPI data came out hotter than expected, which should have had the market a little more worried about less investor friendly tweaks to Fed policy next week. And yet, the market shrugged off the data with stocks continuing to track in record high territory.Video Length: 00:01:28More By This Author:Investors […]
Current Analysis: H. Lundbeck

Current Analysis: H. Lundbeck

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: UnsplashH. Lundbeck (HLUBF) is a Denmark-based pharmaceutical firm that focuses on the development and commercialization of central nervous system drugs including antidepressants, antipsychotics, and antiepileptic products.The company’s portfolio includes Abilify Maintena and Rexulti […]