Price action OCT 30th
EURUSD remained bought throughout the day. The preference is buying at 1.06. We will wait for the European opening tomorrow if we have a valid retracement until 1.06 to return for purchases until TP 1.0610 and 1.0620. If, on the other hand, buyers begin their day with buying pressure from 1.0610/1.0620, then purchases extend to […]
Price action trading OCT 1st
EURUSD remained below 1.06 in its closing session although the potential annual lows remain above 1.0550. The bet is still latent that the European numbers will improve this Monday. Production data will be presented tomorrow at the European opening. We will be attentive to good forecasts. The preference is buying over 1.0550. If the production […]
Fx market update week 19th to 23rd trading online
EURUSD remains buyer within the levels above 1.09. It is estimated that the market could anticipate the testimony of Jerome Powell boosting the dollar this week. Euro could see significant profit taking below 1.09 to 1.0850 ahead of negative production data this Friday. Attention with levels between 1.0950 and 1.0960 ideally do not keep buying […]
Market update MARCH 20th EURUSD GBPUSD USDCAD
In the midst of a turbulent week for financial markets, it is reassuring to witness the swift and collaborative efforts of regulators and major financial institutions working together to stabilize the situation. The magnitude of these measures, which include full deposit guarantees at strained US banks, a new Federal Reserve facility to counteract deposit flight […]
American Employment Week, Inflation and Canadian GDP
More than a year after the pandemic we will have the result of the American employment data on April 1. Unemployment is expected to fall to 3.7% thanks to the recovery of all sectors of the US economy and the rise in interest rates last March. The commitment of the Federal Reserve remains firm with […]
Market projections March 21 to 25
Russian President Vladimir Putin put his nuclear forces on high alert in late February and warned NATO not to interfere in Ukraine. Secretary of State Antony Blinken has repeatedly said the United States is ready to defend any Russian incursion into NATO territory. A clash between the world’s two biggest nuclear powers is the nightmare […]
Ukraine and Russia conflict and impact on monetary policy
Federal Reserve officials are wary of a Russian invasion of Ukraine, though several have said in recent days that geopolitical tensions are unlikely to stop them from withdrawing support for the US economy. The job market is booming and prices are rising fast. This week positive US employment data is expected with a drop of […]
Europe would end its dependency on supply from Gazprom
Europe imports about 40% of its gas supply from Gazprom, the EU chief told CNBC’s Hadley Gamble at the Munich Security Conference, which von der Leyen described as a “dependency that is not sustainable.” European Commission President Ursula Von der Leyen tells CNBC that energy sanctions against Russia remain an option if Russia invades Ukraine. […]
Decisive week for the international currency market
The president of the Fed, Jerome Powell, affirmed last Wednesday the probability of a rise of half a percentage point (0.50%) if inflation continues stubbornly high. The move would raise borrowing costs from near zero, where they have been since the start of the Covid pandemic, for businesses and consumers. This would bring two main […]
Fedwatch raised the odds of a rate hike 68.5% at its March meeting
US employment data exposed the Federal Reserve’s odds of moving earlier than expected. Unemployment in the United States fell to 3.9% and is reason enough for Fedwatch, the body that monitors the behavior of the Reserve, could raise interest rates in less than two months. Members considered that the conditions for the rate hike could […]