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BMW releases better-than-expected quarterly results

Overall market situation: Friday’s session on the markets brings a negation of the wave of gains on the Old Continent from those still seen in recent sessions. Investors’ attention in the last session of this week will be focused on the reading of the NFP report from the US, which will test optimism assuming that […]

October 2, 2023
By admin

GBP/USD remains under pressure below the 1.2200 barrier, eyes on US PMI, Fed Chair Powell’s speech

The GBP/USD pair remains on the defensive below the 1.2200 barrier and trades in negative territory for the fifth consecutive week during the early European session on Monday. The major pair trades around 1.2180, losing 0.16% on the day. The US Bureau of Economic Analysis revealed on Friday that the Personal Consumption Expenditures (PCE) Price Index climbed […]

Fed Preview: Forecasts from 15 major banks, a pause, but the end of rate hikes?

The US Federal Reserve will announce its Interest Rate Decision on Wednesday, September 20 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 15 major banks.  The Fed is widely expected to leave its rates unchanged at 5.25%-5.50% and signal a hike in November. New macro forecasts […]

Sharp Sell-off in Bitcoin

Bitcoin powerfully declines after WSJ rumors that SpaceX sold off entire, $373 mln Bitcoin holding The sentiment of the cryptocurrency market has been quite weak for quite some time, and volatility remained at its lowest levels in 7 years. As expected, the period of consolidation and uncertainty ended with a spike in volatility. Bitcoin’s price dived […]

Pound Sterling seems bounded ahead of UK Retail Sales data

The Pound Sterling (GBP) struggles to find a decisive move as the upside seems restricted due to deepening recession woes, while the downside is supported due to expectations of more interest rate hikes from the Bank of England (BoE). The GBP/USD pair trades inside Wednesday’s range as investors await British Retail Sales data for July. The release of the […]

Euro rebounds from multi-week lows near 1.0860, focus on US data

The Euro (EUR) has managed to regain some stability against the US Dollar (USD) and is now showing signs of gaining momentum for EUR/USD after it dropped to fresh six-week lows around 1.0860 on Thursday. Meanwhile, the continuous upward movement of the Greenback is pushing the USD Index (DXY) to reach new highs that have not been seen in […]

Chart of The Day (BTC)

Despite positive news in the cryptocurrency market, such as PayPal launching its own stablecoin and the approval of Bitcoin ETFs in Europe, cryptocurrencies remain under selling pressure. Delays in Bitcoin ETF applications by US funds, including BlackRock, have significantly contributed to the declines. Additional catalysts include issues with the decentralized exchange Curve and weaker macroeconomic […]

Talking today’s reports from Amazon (AMZN.US) and Apple (AAPL.US)

Wall Street was anticipating today’s reports from Amazon (AMZN.US) and Apple (AAPL.US) – the two companies have a combined total of about $4.5 trillion and a sizable weighting in the major stock indexes. Amazon’s results significantly beat analysts’ forecasts in terms of both revenue and earnings. In contrast, Apple’s highly anticipated report-although it beat forecasts-failed to […]

FX option expiries for July 27 NY cut

FX option expiries for July 27 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         – GBP/USD: GBP amounts      – USD/JPY: USD amounts                      – USD/CHF: USD amounts         – AUD/USD: AUD amounts – USD/CAD: USD amounts        – NZD/USD: NZD amounts – EUR/GBP: EUR amounts        

June 19, 2023
By admin

EUR/USD consolidates around 1.0940 due to mixed responses about Fed’s rate guidance

The EUR/USD pair is oscillating in a narrow range around 1.0940 in the late Asian session. The major currency pair is demonstrating a non-directional performance as the street is divided about the further roadmap of interest rate policy to be attempted by the Federal Reserve (Fed). S&P500 futures are showing some losses in the Asian session […]