Joshua

Markets are risk averse and that is sending the GBP below 1.2000. GBP/USD is breaking a roll which is significant. A 100% measured move of the range will target the previous structure at 1.1900. At the time of writing these lines, the GBP/USD is down 0.9%, falling to a low of 1.1976 from a high […]

The Canadian dollar extended its losses amid a state of risk aversion. New York Fed President Williams said the Fed could raise interest rates in 2024. Canada ran a current account deficit, putting a headwind for the Loonie. The Loonie (CAD) extended its losses to two straight days, although it pared some of its losses […]

James “Jim” Bullard, president and CEO of the Federal Reserve Bank of St. Louis, has declared that rates must rise to reduce inflation. Key comments Estimates vary widely as to the basis points the qt is worth. We have a way to go to be restrictive with politics. As for the pace of the hikes, […]

New York Federal Reserve Chairman John Williams He said on Monday that he believes the Fed will have to raise rates to a level tight enough to curb inflation, and keep them there for the whole of next year, Reuters reported: “I think we’re going to need to stay tight for a while; I would […]

USD/JPY fell to a fresh three-month low, but bounced towards 138.70. A double bottom on the daily chart of USD/JPY points to a rally to 145.00. USD/JPY Price Analysis: Break above 139.00 will exacerbate a rally towards 140.00. The USD/JPY is falling in the American session, comfortable below 139.00 after hitting a daily low of […]

The gold price closed the eventful week virtually unchanged. Focus is on long-awaited November jobs report in the US and coronavirus headlines in China, reports FXStreet’s Eren Sengezer. COVID tensions in China and US NFP figures will boost XAU/USD action “There won’t be any high-impact data releases on Monday and investors should stay focused on […]

Recently, the British pound has largely rallied along with risk appetite. Since the external background is going to improve, HSBC economists expect the pound to strengthen against the dollar in 2023. GBP outperforms, despite tough UK outlook “The prospect of a fiscal deficit of around 5% of GDP next year is likely to keep GBP […]

EUR/USD pares back some of the previous advance to the 1.0500 area. The dollar tries to rebound from the lows of several months initially touched. Lagarde points out that high inflation is holding back spending and production. The tone is still weak for the US dollar and encourages the EUR/USD to maintain the bullish bias […]

EUR/USD rises to multi-month highs near 1.0500. Additional gains beyond the 1.0500 barrier seem likely. The EUR/USD rally higher and approach the key 1.0500 barrier on Monday. Once broken above 1.0500, the pair is expected to refocus on the weekly high of 1.0614 (Jun 27) ahead of a June high of 1.0773 (Jun 9) and […]

In her appearance before the Economic and Monetary Affairs Committee (ECON) of the European Parliament in Brussels, the President of the European Central Bank (ECB), Christine Lagarde, He reiterated that interest rates will continue to be his main tool to fight inflation. Featured Statements “In December, we will also set out the fundamental principles for […]