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Dollar Corrects ahead of Jerome Powell's Speech Last week's weak jobs report contributed to a sharp rise in major currencies against the US dollar. Market participants assume that weak labour market data will force the Fed to change the vector of monetary policy. We will find out how officials...

Oil Prices Fall to Lowest Level since July As the chart shows, the price of WTI oil has dropped below USD 77.50 – the last time prices were this high was in mid-July. The decline in oil prices was contributed to by: → first, easing concerns about the escalation of the military conflict in the...

EUR/USD Reclaims 1.0700 While USD/CHF Dips EUR/USD started a recovery wave above the 1.0700 resistance. USD/CHF declined and now struggling below the 0.9010 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro gained pace after it broke the 1.0635 resistance...

GBP/USD Turns Green While USD/CAD Eyes Fresh Increase GBP/USD started a decent increase above the 1.2225 resistance. USD/CAD is recovering and might aim for a move toward the 1.3795 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound climbed above the...

US Dollar Falls after Weak Employment Data The US dollar fell after data showed the world's largest economy created fewer jobs than expected last month, raising expectations that the Federal Reserve is likely to keep interest rates steady again at its December meeting. Nonfarm payrolls...

US Economic Conundrum: Will Rising Interest Rates Affect Spending or the Job Market First? It is a classic economic puzzle akin to the chicken-and-egg dilemma: as interest rates reach their highest levels in over two decades, which vital component of the economy will give way first—spending or...

S&P 500 Analysis: Best Week of the Year, Despite Bad News from Labour Market According to Friday's data, in the US: → the unemployment rate rose to 3.9% (expected = 3.8%). The last time the level was this high was in February 2022. → the number of workers employed in the non-agricultural...

AUD/USD and NZD/USD Show Signs of Life AUD/USD is moving higher and might climb above 0.6450. NZD/USD is also rising and could extend its increase above the 0.5915 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above...

The Franc May Continue to Strengthen amid Low Inflation Today it became known about the level of inflation in Switzerland. Compared to the US, UK, and other countries, Switzerland can boast of a CPI of only 0.1%. The minimal increase in prices is due to an increase in fuel costs due to the...

Bitcoin Updates Its Maximum for the Year The cryptocurrency market showed a correlation with the stock market, gaining bullish momentum amid softening rhetoric from the Federal Reserve. The price of the main cryptocurrency reached USD 35,900 for the first time in 18 months. Wherein: → the...

S&P 500 Analysis: Powell Adds Bullish Momentum As expected, the Fed left the rate unchanged. Market participants' attention was focused on Powell's press conference, as he said: → Risks have now become almost balanced; → Inflation expectations are at a good level. The media publishes the...

Bank of England's November Interest Rate Decision and Its Potential Impact on the Pound The British pound faces a crucial test as the Bank of England (BoE) prepares to announce its November interest rate decision. The outcome could significantly influence the pound's value, but several factors...

USD/CAD Analysis: New High of the Year As the chart shows, yesterday, the USD/CAD rate exceeded 1.389 for the first time in 2023. This happened against the backdrop of news regarding the economies of the USA and Canada: → Statistics Canada estimates that GDP contracted in the third quarter...

EUR/USD Resumes Drop, USD/JPY Extends Surge EUR/USD is again moving lower below the 1.0615 support. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0675 support zone. There was a...

FTSE 100 Sees Modest Gains Despite BP's Earnings Dip and GBP Slump In the early hours of trading, the FTSE 100 exhibited slight gains, although BP PLC's underwhelming performance during this earnings season limited further progress. At 8:15 am, London's primary index rose by 7.44 points...

USD/JPY Analysis: Playing with Fire Continues Yesterday, the Nikkei newspaper reported that the Bank of Japan is considering adjusting its yield curve control (YCC) policy. This provoked a strengthening of the yen (1). The USD/JPY rate dropped to a two-week extreme of 148.8 per US dollar in...

AMZN Pulls NASDAQ Up, Expecting Help from AAPL Amazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May. → AMZN EPS: actual = USD 0.94, expected = USD 0.58 → Gross revenue...

Economic Calendar: BoE and Fed Meetings, Apple Earnings, and US Labour Data On Wednesday (21:00 GMT+3), the Federal Reserve will announce its interest rate decision. Analysts' opinions are divided. Some believe that the surge in bond yields signals that the Fed will likely keep the rate at...

Middle East Tensions and Fed Meeting Influence Oil Prices. Is $250 Per Barrel Likely? Amidst rising tensions in the Middle East, oil markets have experienced volatility. Israel's deployment of ground forces into the Gaza Strip has not led to the expected surge in oil prices, as investors...

GBP/USD Remains At Risk While EUR/GBP Turns Green GBP/USD started a fresh decline from the 1.2285 resistance zone. EUR/GBP is rising and might climb above the 0.8720 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the...