Amazon is expected to report its third quarter earnings after the bell on Thursday. Wall Street’s forecasts refer toi the following:Revenue: $127.63 billion expected versus $110.8 billion in Q3 2021Adjusted Earnings Per Share (EPS): $0.45 expected versus $6.12 in Q3 2021 (after a 20-for-1 stock split)Amazon Web Services (AWS) Net …

The GBP/USD pair dropped from around 1.1600 after hitting six-week highs at 1.1645 due to overall US Dollar strength on the back of the positive Thursday’s US data showing the economy’s resilience, despite the ongoing monetary policy tightening. US Jobless Claims added to the already positive mood, though Goods Orders …

The Bank of Japan will announce its monetary policy decision on Friday, October 28 at 03:00 GMT and as we get closer to the release time, nine major banks have released their expactations on the looming decisionJapanese main interest rate will likely be left at -0.1%, despite inflation standing at …

The European Central Bank raised the key interest rates by 75 basis points on Thursday, as expected. Analysts at Commerzbank, point out Christine Lagarde sounded dovish at the press conference but they still see that another big rate hike for the December meeting remains on the table. Key Quotes: “After …

The American dollar resumed its journey to the south, falling against its major rivals. The EUR/USD pair reclaimed parity and approaches 1.0100 ahead of preliminary Q3 Gross Domestic Product estimate in the United States, September Durable Goods Orders reading (expected to up by 0.6%) and the European Central Bank monetary …

The EUR/USD pair is displaying back-and-forth moves in a narrow range of 1.0073-1.0088 in the early Asian session. The pair has turned sideways after a vertical rally as positive market sentiment improved demand for risk-sensitive currencies.The major is expected to remain in the grip of bulls ahead of the interest …

The AUD/USD pair is trading within a narrow range of 0.6484-0.6500 as investors are awaiting the release of the US Gross Domestic Product (GDP) data for fresh stimulus and clues. The asset is facing a time correction after refreshing its three-week high at 0.6511 amid an improvement in the risk …

The European Central Bank is going to announce its monetary policy decision on Thursday. Policymakers, led by President Christine Lagarde, are expected to finally abandon their cautious approach to quantitative tightening. Europe’s CPI reading reached record highs, so, the European central bank will have to decide another 75 bps rate …

Gold is on the edge of an important bullish reversal, but it all depends on the Fed’s policy expectations. Technically, the bulls need to hang on above hourly support and break a daily H&S neckline. US bond yields have slipped on expectations that the Federal Reserve will temper its aggressive …

WTI soared during the US session. The American crude is boosted by the overall US Dollar weakness as the dollar declines more than 1%, while WTI’s exports hit an all-time high due to domestic refiners operating at a higher level. At the time of writing, WTI is trading at $88.05 …