Morning Briefing: Pound Targeting 1.3300-1.3350 Amid Market Movements
Dollar Index Holds Strong Above Key Support The Dollar Index remains steady, staying above the critical support at 100.50. If this level holds, we could see a rise towards 101.50 soon. Market participants are eagerly awaiting directional clarity after the FOMC meeting, which is scheduled for today. The Euro faces resistance between 1.1150-1.12, suggesting a […]
Are We Setting Up for a Tumble Amid Overextended Rate-Cut Bets?
Markets on Edge Ahead of Fed Policy Meeting U.S. stocks ended Tuesday mostly flat despite an unexpectedly strong retail sales report. The solid numbers provided some reassurance against fears of a looming economic downturn, but they didn’t shake the prevailing expectations for a 50 bp rate cut. The Fed’s guidance remains uncertain, leaving traders anxious […]
FVP Trade Exposed: Why It’s a Scam Broker
FVP Trade Review FVP Trade is an unregulated broker with a reputation for fraudulent practices, primarily operating as a scam. Despite claiming to be registered in the British Virgin Islands (BVI) and regulated by entities like FINTRAC, NFA, and ASIC, there are no records confirming these claims on the regulators’ websites. This indicates that FVP […]
Is MarketsCo a Scam? Unregulated Status and Fraud Concerns
MarketsCo Review MarketsCo is a broker that offers trading in Forex and CFDs, granting users access to various financial markets, including stocks and cryptocurrencies. It caters to traders with different experience levels, featuring several account types starting with a low minimum deposit of $250. Despite its user-friendly features, concerns have been raised about the platform’s […]
MondFX Fraud Alert: What You Need to Know Before Investing
MondFX Review MondFX presents itself as a trading platform offering various assets like forex, cryptocurrencies, and commodities. However, it operates without regulatory oversight, and several reviews have flagged potential issues regarding transparency and trustworthiness. As a result, investors should be cautious, given the lack of legal protection for their funds on the platform. What is […]
Asian Stocks Drop Amid Upcoming Fed, BOJ Decisions: Market Wrap
Equities Performance Across Asia Equities in Sydney experienced gains, while stocks in Tokyo saw a decline. US stock futures edged slightly lower after the S&P 500 closed with a modest 0.1% rise, and the Nasdaq 100 slipped by 0.5%. Investors continue rotating out of tech megacaps, which had been the driving force behind the recent […]
Microsoft Boosts Dividend by 10% and Unveils $60B Stock Buyback Plan
Microsoft’s New Financial Moves On Monday, Microsoft (MSFT) announced that its board of directors approved a $60 billion stock buyback program alongside a 10% increase in its quarterly dividend. The tech giant plans to raise its dividend from 75 cents to 83 cents per share, with the next dividend payable on December 12 to shareholders […]
EUR/USD: Euro Holds Steady Above 1.1100 as Investors Await Fed Decision
The Euro continues to trade firmly above the 1.1100 level within a narrow range as investors maintain caution ahead of the upcoming Federal Reserve announcement. Tomorrow’s event is highly anticipated, with the size of the potential rate cut being the primary focus. Market Sentiment and Rate Cut Speculation In one of the most balanced periods […]
Morning Market Update: Euro Resistance at 1.1150-1.1200 Limits Upside Potential
Currency Market Overview The Dollar Index tested the key support level at 100.58, as anticipated, before bouncing back. A drop below 100.50 could push it down further to 99.50. The Euro has strengthened but faces strong resistance between 1.1150 and 1.1200, indicating limited upside potential. USDJPY and EURJPY look bearish, potentially dropping to 139-138.40 and […]
GBP/JPY Slips to 184.00 Amid BoJ’s Hawkish Sentiment
GBP/JPY Pulls Back Despite Japan’s Holiday The GBP/JPY pair continues to decline, slipping near 184.00, despite limited trading activity due to Japan’s bank holiday. The Japanese Yen (JPY) gains traction amid hawkish sentiment surrounding the Bank of Japan (BoJ). Bank of England Rate Decision Looms Traders anticipate rate decisions from the Bank of Japan (BoJ) […]
EUR/USD Could Trim Gains and Decline for Investors
EUR/USD Technical Analysis In the 4-hour chart, EUR/USD managed to break above the 50% Fibonacci retracement level of the recent downward movement, spanning from the 1.1155 swing high to the 1.1003 low. The pair remained steady above the 200 simple moving average (green, 4-hour), yet encountered difficulty in surpassing the 100 simple moving average (red, […]
Pound Rises Near 1.3150 as Fed Rate Cut Bets Strengthen
GBP/USD Advances with Growing Rate Cut Expectations The Pound Sterling surged toward 1.3150 against the US Dollar, fueled by increasing market bets on a 50 bps rate cut from the Federal Reserve at its upcoming meeting. Slower US PPI data for August has strengthened the belief that the Fed may opt for a more aggressive […]
USD Weakens as Fed Rate Cut Speculation Grows
US Dollar Struggles After Bullish Start After a strong beginning to the week, the US Dollar Index reversed course on Thursday, wiping out its recent gains. Early Friday, the index continues its slide, moving closer to 101.00. Today, the focus shifts to Eurostat’s Industrial Production data for July and the US releases of the Export […]
USD/JPY Outlook: Slips Below 142.00 Amid Weak Dollar
The USD/JPY pair retreated from its recent high of 143.00, dropping by over 0.28% due to a mix of economic data from the United States (US) that increased expectations for the Federal Reserve’s first rate cut next week. As of now, the pair is trading at 141.96. The pair remains under a downward trend, though […]
GoArbit Exposed: Is This Trading Platform a Scam?
GoArbit Review GoArbit is an online trading platform that markets itself as a lucrative investment opportunity in cryptocurrency and forex markets, promising high returns and innovative trading tools. However, the platform has come under fire recently due to numerous complaints from users alleging fraudulent practices, such as difficulties in withdrawing funds and abrupt account suspensions. […]
Japan’s Central Bank May Hike Rates Sooner Than Expected Amid Inflation Concerns
The Bank of Japan (BoJ) is expected to raise interest rates as early as December, moving up from an earlier forecast of a January hike, as policymakers respond to persistent inflation and rising wage growth. Economists have revised their outlook, now predicting a rate increase to 0.50% for 2024, up from a prior estimate of […]
XAU/USD Outlook: Gold Nears Record High as US Inflation Data Looms
Gold Price Movement The gold price increased for the third consecutive day, nearing an all-time high in early Wednesday trading. Investors are closely watching the release of the US August CPI report, which will provide further clarity ahead of the Federal Reserve policy meeting next week. Impact of US Inflation Data If the August inflation […]
NZD/USD Holds Near 0.6150 as Investors Await US CPI Data
NZD/USD has trimmed its intraday losses and is currently hovering around 0.6150 during the Asian session on Wednesday. The US Dollar (USD) is facing pressure as US Treasury yields continue to dip ahead of the US Consumer Price Index (CPI) data, set to be released later during the North American trading session. This inflation report […]
EUR/USD Struggles to Attract Buyers Amid USD Strength, Remains Below 1.1050
EUR/USD Fails to Capitalize on Recovery The EUR/USD pair has managed to recover slightly from a one-week low, hovering around the 1.1030-1.1025 region during the Asian session on Tuesday, temporarily halting its two-day losing streak. However, any significant upward movement remains limited due to ongoing US Dollar (USD) strength. Modest USD Strength Caps Gains The […]
Asian Markets Steady Amid US CPI Anticipation
Mixed Movements Across Asian Markets An important Asian equity index remained relatively stable as Hong Kong, mainland China, and Korea experienced slight declines. In contrast, Tokyo and Sydney markets saw gains, benefiting from a positive session in US equities, driven by renewed dip-buying activity. Benchmark Treasuries yields showed minimal change, while the US dollar strengthened. […]
