Dollar Price -

Gold price tanked to new two-and-half years low at $1638.90. Global S&P PMIs revealed in the EU, UK, and the US sparked investors’ recession fears, increasing appetite for the safe-haven US dollar. Gold Price...

1 Minute

Forex

GBP/JPY PRICE ANALYSIS: PLUMMETS BELOW 155.50 AFTER LOSING MORE THAN 2.93% IN THE DAY

Michael Cooper 25 września, 2022

Weaker than estimated UK economic data and UK’s new budget fueled UK’s recession fears. A break below the 200-EMA officially shifted the GBP/JPY as bearish biased. GBP/JPY plunged more than 450 pips or 2.93%...

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Forex

Here is the FOMC speaking schedule for next week

Michael Cooper 24 września, 2022

Monday 10 am ET Collins 12 am ET Bostic 1230 ET Logan 4 pm ET Mester Tuesday 6:15 am ET Evans 9:55 am ET Bullard 8:35 pm ET Daly Wednesday 8:35 am ET Bostic...

2 Minutes

Forex

Another down day/week for the major indices. New 2022 closing low for the Dow.

Michael Cooper 24 września, 2022

The major US stock indices are closing lower for the 4th consecutive day. For the week, the majors major indices are also down sharply. Recall from this time last week, Adam warned that this...

1 Minute

Forex

The EUR/USD pair is showing new momentum

Michael Cooper 21 września, 2022

EUR/USD is lower this morning and I found a break of the multi-day channel, which is a good sign for further downside.Trade Recommendation: With the break of thechannel below and the strong decline this...

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Forex

Novak spoke about the growing energy crisis in Europe

Michael Cooper 18 września, 2022

„The bills come for utilities, for gas, which consumers simply cannot pay, this crisis is only growing,” Novak said on the Rossiya 1 TV channel in an interview with Pavel Zarubin in the Moscow....

1 Minute

Forex

IBU-tec: special position in Europe

Michael Cooper 18 września, 2022

In the current year, IBU-tec aims to generate sales of between EUR 55 million and EUR 57 million. IR boss Stefan Steck confirms this at GBC’s ZKK. The manager is not concerned about this goal. During his...

1 Minute

Forex

USD/CAD PRICE ANALYSIS: REACHES A NEARLY TWO-YEAR HIGH ABOVE 1.3300 AS BUYERS EYE 1.3400

Michael Cooper 17 września, 2022

The Loonie would finish the week with losses above 2%. A dismal sentiment weighed on risk-sensitive currencies like the Canadian dollar. USD/CAD Price Analysis: A daily close above 1.3300 could pave the way towards...

0 Minutes

Forex

Canadian dollar hits a 22-month low. What’s next

Michael Cooper 17 września, 2022

The Canadian dollar is at an interesting spot on the global spectrum of risk assets at the moment. Domestically, it’s been a good year with strong GDP growth as the economy reopened from covid....

0 Minutes

Forex Politics

Upcoming US Data and US Dollar Situation

Michael Cooper 15 września, 2022

US Dollar Index remains in positive territory but remains below 110.00. OCBC Bank strategists highlight key technical levels to watch. $ could still rally at the September lows. Meanwhile, the debate between 75 bps...

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