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The US bonds extended their rally ladies and gentlemen, as one of the Federal Reserve’s (Fed) most hawkish members, Christopher Waller, said in a speech named ‘Something appears to be giving’ that he is ‘increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%’. The Chicago Fed […]

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07/05/2024

EURGBP Perfectly Reacting Lower From Blue Box Area

In this technical blog, we are going to take a look at the past performance of EURGBP 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as an impulsive structure and showed a lower sequence with a bearish right side tag calling for more downside […]
23/08/2024

Analysis of GBP/USD: The Pair Approaches 2023 High

Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows: → Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1; → Flash Services PMI: actual = 53.3, forecast = 52.8; previous = 52.5. As SPGlobal reports, the […]
21/02/2024

Dollar Turns to Fed Minutes for More Fuel

Minutes of latest Fed meeting will be released at 19:00 GMT Wednesday Given strength of US economy, Fed has warned against early rate cuts If the minutes echo this view, dollar could extend its winning streak Traders recalibrate Fed rate path The US economy continues to fire on all cylinders. Economic growth is on track […]