The upcoming Thursday CPI report is the pivotal event of the week, the last one before the Federal Open Market Committee convenes on the first of February. Predictions suggest that the data will show a decrease of 6.5% year-on-year from the prior 7.1%, still retreating from the peak of 9%
When it comes to the pair, buying is mostly advised at present because of the bearish run of four consecutive bars. Bulls, who believe that this is a higher high reversal, are likely to be more optimistic about future price increases if a micro double bottom of 1.0708 is
Bank of America Global Research has conducted a time-zone analysis to review the performance of FX in 2022. This study divided a 24-hour day into 3 distinct time zones: Asian hours from midnight GMT to 8am GMT, European hours from 8am GMT to 1pm GMT, and US hours from 1pm
At the auction, the high yield was 3.575%, with a WI level of 3.58%. The tail was -0.5 bps in comparison to the 6 month average of 2.0 bps. The bid-to-cover ratio was 2.53X compared to the 6 month average of 2.35X. The domestic demand, as measured by directs, was
Later on today, the US Treasury will enliven the day by auctioning a total of $32 billion worth of 10-year notes. Today, markets are on the edge of their seats in anticipation of the CPI data that will be released tomorrow, which is why the majority of the major currency
At the time of writing, the cost of Ripple had grown slightly, as it was trading at 0.3724. My previous analyses had indicated a potential increase in the XRP/USD rate after a significant pin bar had been identified. XRP/USD has gone up by 9.23% since yesterday’s low of 0.3431, reaching
Major Upside EUR/JPY Target is 142.83! The EUR/JPY pair had a notable surge and is now close to reaching the 142.83 past peak. This could be seen as a ceiling and might halt the upward momentum. The rate could continue to increase provided it remains above the downward line of
Prices around 1.1700 have hung on for a short period of time before another dip occurred towards 1.1200. Subsequently, significant selling pressure applied on the price zone around 1.1500 as a valid sell entry was offered on the previous ascending movement towards it. Soon after, the EUR/USD pair moved down
The pair has recently risen above 0.9600, which is a level not seen since 2002 in the mid-term. Recently, bullish recovery was observed particularly in the vicinity of a significant psychological support. It was expected that the closest support level was situated close to 1.0200, and that it would be
Previously, the GBP/USD pair remained under bearish pressure to challenge the new daily low established around 1.2150 which was bypassed few days after. However, considerable support zone existed around 1.1850-1.1900 which has prevented further bearish decline for sometime. However, as bullish momentum started to fade away, more bearish visits were
The Stoxx 600 is up 0.4 percentage points. The Dax is up 1.1 percentage points, the CAC is up 0.8 percentage points, the FTSE 100 is up 0.5 percentage points, the UK’s FTSE is up 0.5 percentage points, the Ibex is down 0.2 percentage points, and the MIB is up
Since the EURJPY touched its low of 137.377 on the 3rd of January, the currency has been on a five-day-long uptrend, resulting in an increase of 544 pips. The cost soared to 142.85, nevertheless this was not enough for it to surpass the 100 day MA at 143.026. Even the