FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. This tendency signals the rising probability of the BTCUSD’s closing bullish trend, as rate hikes frequently influence risk assets such...
Bitcoin technical analysis video shows bears still in control
Dive deep into the latest Bitcoin market trends with our comprehensive technical analysis for February 1st, 2024! 📊 Whether you're a seasoned trader or new to the crypto world, this video has got you covered with crucial insights and potential trading strategies....
US initial jobless claims 224K vs 212K estimate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US Q4 prelim unit labor costs +0.5% vs +1.6% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ForexLive European FX news wrap: BOE sticks to the status quo, dollar stays firm post-Fed
Headlines:Markets:USD leads, AUD lags on the dayEuropean equities mixed; S&P 500 futures up 0.5%US 10-year yields down 3.4 bps to 3.931%Gold down 0.1% to $2,034.35WTI crude up 0.3% to $76.07Bitcoin down 0.9% to $42,100The main highlight of the session was the BOE...
It’s a headline-traders’ market: What’s coming up today
The lesson from yesterday was that the only thing this market cares about is the next headline. If that's the case, then there will be plenty of twists and turns today.At 8:30 am ET:Initial jobless claimsQ4 unit labor costs9:30 am - Canadian S&P Global PMI9:45 am...
Bailey Q&A: If we follow market path inflation would be above target for three years
It doesn't get much more direct than this: "if we were to follow the market rate conditioning path, we think inflation would be above target for much of the next three years."I would advise some humility after the past three years of monetary policy foibles but Bailey...
Traders pare BOE rate cut bets, June no longer fully priced in
For some context, the odds of a May rate cut were around ~69% coming into today and traders had fully priced in the first BOE rate cut for June this year. Right now, the former has dropped down to ~45% while the latter is only ~96% priced in. This is helping to give...
Bailey Q&A: We need to see evidence of services inflation easing back
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOE’s Bailey: We are not yet at a point where we can lower rates
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US January Challenger layoffs 82.31k vs 34.82k prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
GBPUSD Technical Analysis – Key levels in play ahead of the BoE decision
USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a...
Heroes of Mavia Launches on iOS and Android with Exclusive Mavia Airdrop Program
Heroes of Mavia, a groundbreaking Web3 AAA mobile base builder strategy game, is now available on iOS and Android app stores. This launch marks a new era in gaming, merging the thrill of strategy gameplay with the innovative aspects of Web3 technology.After a...
OPEC+ JMMC meeting said to begin but no policy change discussions are on the agenda
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The BOE is coming up next.. what can we expect?
GBP/USD is trading at the lows for the day amid a firmer dollar, though the pound is also lagging slightly against the rest of the major currencies bloc. The pair is down 0.4% to 1.2628 but remains stuck in a consolidative range in the bigger picture:GBP/USD daily...
US100 Technical Analysis
Yesterday, the US100 sold off into the close as the Fed came out a bit more hawkish than expected. In fact, not only the statement contained a line that hinted to a pushback against the March cut, but also Fed Chair Powell doubled down saying that a March cut was not...
Eurozone December unemployment rate 6.4% vs 6.4% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Eurozone January preliminary CPI +2.8% vs +2.8% y/y expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FXStarterKit by Forexware: A Solution Built for Global Expansion
Entering the fintech arena more than 20 years ago, Forexware is a frontrunner in delivering innovative technology solutions and White Label platforms for start-ups and well-established brokers in search of innovation. Taking pride in contributing to the development of...
ECB’s Centeno: If inflation trajectory holds, the next step will be to cut rates
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...