A bounce earlier today took the S&P 500 to 3873. We’re 9 points below that now and 27 points above the low. If it can get into the post-opening gap, there could be some...
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What To Expect From The GBP/USD In Short And Long Positions?
The yen weakened to its lowest level since 1998, with USDJPY breaking through the 1 0 mark. For the week, the pair gained 1.9%. In times of economic uncertainty, traders typically expect the yen...
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1 Minute
Bitcoin Forecast: September 2022
Bitcoin is hovering near the 20,400.00 mark as of this writing, but it has just spent the past few days struggling to sustain value over the 20,000.00 mark. Having touched a level of nearly...
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China state-owned banks reportedly seen selling dollars in onshore market
The sources say that the move seemed aimed at driving a stronger yuan for the day and forcing the onshore USD/CNY rate to close below 6.90. As mentioned earlier:...
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Forex Today: Powell Drop Stops
Following the souring of risk sentiment after Fed Chair Powell’s Jackson Hole speech last Friday, sentiment seem to have recovered somewhat, sending stock markets mostly higher and halting the strong advance in the US...
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1 Minute
GBP/USD Forex Signal: Still in a Downwards Trend
Long Trade Idea Long entry following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.1600. Put the stop loss 1 pip below the local swing low. Adjust...
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Crypto market’s fragile stability
Bitcoin has added 2% in the past 24 hours to $21,400. Ethereum added 4.6% to $1640, while top altcoins added between 0.9% (Dogecoin) and 4.4% (Polkadot). Total cryptocurrency market capitalization, according to CoinMarketCap, rose...
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SNB total sight deposits w.e. 26 August CHF 752.8 bn vs CHF 752.8 bn prior
Domestic sight deposits CHF 643.7 bn vs CHF 643.7 bn prior Overall sight deposits see almost no change, reflecting a lack of activity by the SNB in the past week. Here’s a look at...
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South Korea’s vice fin min says will stabilise FX market if needed (intervention threat)
Remarks from South Korea’s Vice Finance Minister crossing the wires is monitoring the forex market plan to deploy contingency plans to stabilise the FX market if needed will review risks stemming from higher interest...
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Japan inflation – Tokyo area headline CPI for August 2.9% y/y (expected 2.5%)
Tokyo area August CPI (national level CPI for the month follows in three weeks) Tokyo CPI 2.9% y/y, expected 2.5%, prior was 2.5% Tokyo CPI excluding Fresh Food 2.6% y/y, expected 2.5%, prior was...
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