Author Archive: Jeremy Parkinson
AUD/USD Forex Signal: Aussie Dollar Slumps Ahead Of FOMC
Potential signal: I am a seller of this pair but need to see a bounce. I would be interested in shorting near the 0.65 level, with a stop at 0.66, and a target of 0.63 below. The AUD/USD has fallen rather significantly during the trading session on Wednesday as we wait for the FOMC meeting. The FOMC […]
AUD/USD Picks Up From Lows Near 0.6200 As The US Dollar Gives Away Some Gains Australian Dollar PRICE This week
The Australian Dollar is trading with minor gains on Thursday, bouncing up from multi-year lows at 0.6200, following a sharp sell-off after Wednesday’s monetary policy decision by the Fed. The US central bank cut interest rates by 25 basis points to 4.25%, as widely expected but signaled a slower monetary easing path next year which boosted risk […]
Bank of England leaves rates unchanged amid rising inflation
Key Takeaways The Bank of England kept its interest rate at 4.75% as UK inflation rose to an eight-month high. Higher transportation and housing costs are significant contributors to the recent rise in UK inflation. Share this article The Bank of England (BoE) has decided to maintain interest rates at 4.75% amid reaccelerating inflation in […]
Ethereum Price Falls 5%: Correction Or Start Of A Bigger Slide?
Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level. Ethereum started a fresh decline below the $3,800 zone. The price is trading below $3,680 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with […]
BOE Decision Preview – Thursday, Dec. 19
Image source: Pixabay The market has already taken in the Fed and BOJ decisions and will now turn its attention to the BOE decision. As far as expectations go, the overwhelming consensus is calling for the Bank of England to hold steady on rates.Video Length: 00:01:29More By This Author:Fed Dot Plot Adjustment Shakes Up Financial Markets […]
The US Federal Reserve Cut Rates By 0.25% But Signaled A More Hawkish Approach Next Year
Image Source: Pixabay At Wednesday’s close, the Dow Jones Index (US30) was down 2.58%. The S&P 500 Index (US500) fell by 2.95%. The Nasdaq Technology Index (US100) lost 3.60%. The US stocks fell on Wednesday as the Federal Reserve cut interest rates by 25 bps but signaled fewer cuts than previous estimates for next year, triggering […]
NZD/USD At A New Low: The Problem Is The US Dollar And Local GDP
Image Source: Unsplash NZD/USD has dropped to its lowest level since October 2022, trading around 0.5620. The currency pair is under pressure from two major factors: the strengthening US dollar and New Zealand’s weak domestic economic data.The primary driver of the decline in NZD/USD is the robust performance of the US dollar. Following the Federal Reserve’s […]
Stocks & US Dollar Forecast After The Fed Interest Rate Cut
Image Source: Pexels Stocks SelloffStocks were hit-hard Wednesday after the Federal Reserve, despite cutting interest rates by 25 basis points, indicated it would lower fewer times next year than previously forecasted. This across the board selloff could create a short-term rally but yesterdays strong selling pressure provides more potential for an extended bearish selloff. Stock IndicesThe […]
Gold Trading Strategy Today – Thursday, Dec. 19
Image Source: Pixabay Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:41More By This Author:Gold Trading Strategy Today – Wednesday, […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Thursday, Dec. 19
U.S. Dollar / Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 1 Position: Navy blue wave 3 Direction Next Lower Degrees: Orange wave 2 Details: Orange wave C of 2 appears complete. Now, orange wave 1 of navy blue wave 3 is underway. Wave Cancel Invalidation Level: 0.87344 […]
