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Markets This week was amassed with high profile political and monetary event risk potentially providing one (or more) gamechangers for global trading. A congestion of central bank decisions including the Fed, the Bank of England and a long list of smaller central banks, were supposed to give some guidance on where they position themselves on […]

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Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

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10/09/2024

GBPUSD Wave Analysis

GBPUSD reversed from strong resistance level 1.3230 Likely to fall to support level 1.3000 GBPUSD currency pair recently reversed down from the strong resistance level 1.3230 (former strong support from the end of 2021). The resistance level 1.3230 was strengthened by the upper daily Bollinger Band and by the resistance trendline of the daily up […]
12/04/2024

GBPUSD Outlook Worsens After Rapid Fall

GBPUSD prints new low for this year Bearish continuation is likely below 1.2480-1.2500 GBPUSD suffered a freefall in the face of hotter-than-expected US CPI inflation data on Tuesday and dropped to a new low of 1.2504 on Friday, retracing back to December’s lows and to the bottom of a broader range area. Despite the consolidation […]
12/06/2024

Fed Can End US Indices’ Divergence

The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index is above 19200, adding 0.7% over the last day and adding 16.1% YTD. Futures are […]