On Wednesday, USD/JPY buyers turned active and the pair broke through the resistance at 148.00.Despite the low market volatility, caused by expectations of the results of the Fed meeting, the "bulls" managed to update the local maximum and are not going to give up their positions.Investors believe that at today's meeting the Fed will keep the rate at the same ...
FOREX Fundamental Analysis for EUR/USD on September 20The Fed is unlikely to raise the rate at today's meeting, but it will probably keep the forecast of monetary restriction in November. Expectations that the federal funds rate will rise to 5.75% remains a long-term supportive factor for the dollar, which will prevent EUR/USD from staying above 1.07 for ...
USD/CAD trading idea from September 19, 2023At Tuesday's trading session, USD/CAD is developing the bearish momentum from September 8, moving away from the local high of 1.3700. Today the pair is testing the August 15 lows near 1.3460 for a breakdown.US debt bond yields fell 0.6% to 4.3% on Monday, preventing the dollar index from holding above ё105.00. The ...
FOREX Fundamental Analysis for EUR/USD on September 19The EUR/USD downtrend continues, many negative factors have already been taken into account by prices, and targets for chart patterns have been worked out. Speculators are waiting for pullbacks to re-enter the trade. However, the situation is such that the collapse of the pair may continue without ...
GBP/USD is trading in a narrow price range near 1.2375 on Tuesday. The volatility of currency pairs on the market is low, as the Fed and Bank of England meetings will be held this week.Investors do not expect the Fed to change the interest rate while the Bank of England may conduct an act of monetary restriction by 25 basis points and raise the rate to 5.5%, ...
FOREX Fundamental Analysis on September 15, 2023The European Central Bank went for a rate hike to 4.0%, which was a collapse for the single currency. Investors decided that the regulator has ended the monetary restriction cycle while the Fed continues to keep the intrigue alive. EUR/USD moved into a sharp decline.Despite the fact that some members of the ...
FOREX Fundamental Analysis on September 14, 2023The U.S. inflation report failed to revive forex trading, and now investors' attention has shifted to the European Central Bank meeting. Rumors appeared on the market that the Eurozone CPI forecast for 2024 is 3.0%, and immediately the probability of a rate hike to 4.0% at today's meeting of the regulator soared from ...
Gold AnalysisOn Wednesday, XAU/USD continues to develop downward momentum and trades near 1910, testing the lows of August. However, investors are in no hurry to open new positions, preferring to wait for the release of the US inflation report (12:30 GMT).The main driver of the asset's decline is the strengthening of the dollar, which is supported by rising ...
In the second quarter of 2023, the German economy stagnated, and before that it declined for two consecutive quarters. Among most economists, this dynamic is considered a sign of a recession. Meanwhile, the key index of business sentiment compiled by the Munich-based ifo Institute based on a survey of more than nine thousand companies fell for the fourth time in a row, ...
The world is moving toward green energy today, and copper is the clear "beneficiary" of this. Renewable energy sources (RES) - solar panels, wind turbines, electric cars, and chargers for them - are in dire need of this metal.For example: about 40 million electric cars are expected to be commissioned by the end of 2023. They need 2.5 times as much copper as cars ...
Changee is a modern exchange service that provides users with the best exchange rates for their cryptocurrency transactions. The platform's new rate selection system ensures that users get the best possible rate for their exchanges. The service is user-friendly and completely transparent, making it a popular choice for cryptocurrency ...
"History repeats itself" is a well-known expression, which is based on the hypothesis that the development of society is a cycle of certain events and phenomena, and that history, like economics, is characterized by cyclicity. Considering that history does not only record the heyday of empires, and that the cycle of the economy always goes through crises, it becomes ...
OPEC+ is markedly reducing oil production - in fact, the exporting countries will pump about 1 million barrels less per day. We have written earlier on why this is so.As a result, supply at the market has become lower, so prices have gone up and are approaching $100 per barrel again.What will the U.S. do after the OPEC+ statement?The coming energy ...
Apple CEO Tim Cook said that the word "meta-universe" is still misunderstood by the vast majority of people in the world. That's why Apple is trying to avoid the term. The company has mentioned it once. But Meta (recognized as an extremist organization) has used the word "meta-universe" 36 times in its reports this year.And before, Apple was not afraid to set trends ...
Credit Suisse and Lehman Brothers: will the Swiss bank repeat the story of 2008?Swiss bank Credit Suisse is in trouble: its bonds have plummeted to a record low. In addition, the CDS value of these bonds has skyrocketed. This is a kind of "insurance" against default of the issuer, and the greater the market fears about such an outcome, the higher the value of ...
In another interpretation, it is also called lovers' day. But, in the end, what difference does it make, the root is one - love! And love, as the poet said, all Forex is submissive! Did the poet say something wrong? Well, it's just that there was no forex back then, he would have corrected himself…Have you ever wondered what there might be in common between FOREX ...
Brokers are offering more and more services and different types of accounts, which often confuse beginners. An ECN forex account is a type of order execution that takes trades directly to the interbank market. Let's consider how to operate correctly in this environment and whether it is profitable for traders.What is an ECN account?Electronic Communication ...
A recession is an extremely serious and prolonged period of dropping economic acts and data that affects an entire country or even a group of them. It has far-reaching and serious consequences that affect the country's citizens, governments, companies and investors.There is no unambiguous meaning of a recession, but it is usually characterized by a decline in a ...
If you already have basic knowledge of how to work in financial markets and are on the verge of building your own trading system, I recommend studying the Ichimoku indicator. The Ichimoku indicator combines the power of five lines and Japanese imagery. Currently, it is becoming more and more popular among traders, being a solid foundation of their trading systems. This ...
To assess the current state of the economy and future trends, investors use various tools: GDP dynamics, stock indexes, unemployment, inflation, PMI business activity index, producer inflation, consumer expectations indicator, etc. But in addition to stock indexes, you can also analyze the value of the national currency of the United States - the dollar.Since the ...
