Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

How Did EUR React to the ECB Meeting? 
How Did EUR React to the ECB Meeting? 

The European Central Bank (ECB) has raised interest rates by 25 basis points, marking its tenth consecutive rate hike since July 2022 and bringing the total increase to 450 basis points. The ECB is primarily concerned about high inflation levels, both current and projected, with concerns extending into the future.

Can the CPI Release Reverse The USD? 
Can the CPI Release Reverse The USD? 

The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, is projected to decrease to 4.3%, aligning with the Federal Reserve's goals. Past price trends influence both figures, so looking at recent data for a more accurate picture is crucial.

How Surging Oil Prices Impact The US Dollar
How Surging Oil Prices Impact The US Dollar

Oil prices have been making headlines, and their impact reaches far beyond the pump. This article explores how the surge in oil prices is changing the game for the US Dollar and the Forex market. We'll break down this complex relationship and provide actionable insights for traders, including technical analyses for XBRUSD and USDCAD.

Will the NFP help the greenback?
Will the NFP help the greenback?

The odds of a final interest rate hike by the US Federal Reserve (Fed) this year have dropped after US job openings hit their lowest levels since early 2021. This has led to a correction in the US Dollar as traders reduced their bets on further rate hikes.

What To Trade In September
What To Trade In September

Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.

Will Gold Prices Recover Now?
Will Gold Prices Recover Now?

Gold prices have experienced four consecutive weeks of decline, with a 3.6% drop in the current month, marking the worst performance since February. Despite this decline, retail traders are showing increased bullish sentiment toward gold. This suggests that some investors see the lower prices as an attractive buying opportunity.

Key Moment For The USD.
Key Moment For The USD.

Emerging market countries, including the BRICS bloc, are expressing frustration with the US dollar's dominance in the global financial system. While there have been discussions about creating alternative currencies to challenge the dollar's dominance, no concrete proposals have emerged. Instead, these countries are considering expanding trade using their own currencies to reduce reliance on the dollar.

AUDUSD hits 9-month low Ahead of the Unemployment Rate
AUDUSD hits 9-month low Ahead of the Unemployment Rate

The Reserve Bank of Australia (RBA) has opted to keep interest rates steady at 4.1% for the second consecutive month, signaling a new phase in its approach to tackling inflation. The RBA's governor, Philip Lowe, referred to this stage as the "calibration phase," where the central bank makes subtle adjustments to its policy.

Will CPI release help the GBP?
Will CPI release help the GBP?

UK basic wages have experienced a record growth rate, prompting concerns for the Bank of England (BoE) over persistent inflation pressures despite 14 consecutive interest rate hikes. While the unemployment rate unexpectedly rose to 4.2%, basic earnings increased by 7.8%, the highest in records from 2001.

USD Look Bearish Ahead Of The Retail Sales Release
USD Look Bearish Ahead Of The Retail Sales Release

Despite notable fluctuations, the USD is close to its position at the beginning of 2023. HSBC economists are examining the US Dollar's future prospects based on its performance so far. Recent data indicates that a soft landing is the most probable outcome for the US and the global economy.

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