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Markets US August retail sales served as some final input for tomorrow’s pivotal Fed meeting in a trading session that was otherwise simply the waiting game part 2. The series surprised to the upside on a headline level (0.1% m/m vs -0.2% expected). Core gauges printed close to or slightly below consensus with the control […]

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GBP/USD Bounces Back: Fed Rate Decision Looms Large Over Next Move

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05/06/2024

AUD Shrugs as Australian GDP Misses Estimate

After starting the week with sharp swings, the Australian dollar is showing little movement on Wednesday. AUD/USD is trading at 0.6644 in the European session, down 0.06% on the day. Australian GDP posts 0.1% growth Australia’s GDP was a disappointment, with a gain of just 0.1% q/q in the first quarter. This was lower than […]
13/04/2024

The Weekly Bottom Line: One Hundred Days into 2024, Rate Cuts Remain on the Horizon

U.S. Highlights Inflation, as measured by the Consumer Price Index, accelerated to 3.5% year-on-year in March – the highest reading in six months. Minutes from the Federal Reserve meeting in March showed that officials remained in favor of exercising patience amid persistent inflationary pressures. U.S. Treasury yields spiked roughly 15 basis-points as market expectations for […]
18/07/2024

GBPJPY Wave Analysis

GBPJPY reversed from the resistance area Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel from last year and the upper weekly Bollinger Band. The downward reversal from this resistance area created […]