The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …

Speaking on the sidelines at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Wednesday, European Central Bank (ECB) President Christine Lagarde noted that they need to be cautious when asked about market expectations for further rate reductions.“We need to be cautious …

In a move that aligned with market expectations, the Bank of Canada (BoC) today announced a significant 50-basis-point reduction in its key interest rate. The decision, which brings the policy rate down to 3.75%, was made at the central bank’s meeting on Wednesday.In its accompanying statement, the BoC indicated that …

The e Bank of Canada is poised to announce its interest rate decision and release its updated monetary policy report on Wednesday. Market participants are keenly anticipating the central bank’s actions, as a rate cut is widely expected to stimulate economic growth and provide relief to borrowers.One of the primary …

The US Dollar continued its upward trajectory, reaching new highs as investors weighed the potential impact of a “Trump trade,” further Fed easing, and upcoming US economic data. Key events for Wednesday, October 23, include the release of US mortgage applications, existing home sales, and the EIA’s crude oil inventory …

The Federal Reserve has signaled future interest rate cuts, but some members are urging caution as economic data continues to roll in. Investors are anticipating cuts at the next two Fed meetings, aligning with the central bank’s projections. However, comments from regional Fed presidents suggest the pace of cuts might …

Dow Jones Industrial Average (DJIA) cautiously tested higher ground on Tuesday, following a slight pullback at the start of the week. Despite concerns about overbought conditions and rising interest rates, the index managed to maintain a positive trajectory.Key factors influencing the market include:Earnings Season: Strong earnings reports from companies like …

The EUR/USD pair falls as climbing US Treasury yields and risk-off sentiment bolster the US Dollar. ECB members hint at potential rate cuts, with President Lagarde maintaining a cautious stance on inflation, targeting 2025 for stability. The US Dollar Index (DXY) rises to 104.06 as US 10-year Treasury yields remain …

Gold price surges on Tuesday as Treasury yields rise. Gold prices surged to new heights on Tuesday, driven by a combination of geopolitical tensions and rising U.S. Treasury yields. As investors seek safe-haven assets amid global uncertainty, XAU/USD has continued its upward trajectory, reaching a peak of $2,745.01.The market’s mood …

The Bitcoin market remains in a sideways trading range that began in February. Despite experiencing some volatility recently, the overall trend suggests a gradual upward movement.Key Technical Levels:Resistance: The $70,000 level is a crucial resistance point due to its psychological significance. Breaking above this level could signal a stronger uptrend, …