Events to Look Out for Next Week
Central banks may have front-loaded the tightening cycle, but it doesn’t seem as though the ECB’s bumper 75 bp hike and mounting speculation of a super-sized Fed and BOE move…
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Crude Oil Price Outlook Mired by Failure to Defend August Low
Failure to defend the defend the August low ($85.73) may lead to a further decline in the price of oil as it extends the series of lower highs and lows…
Read More »ECB & President Lagarde, Weekly Claims & Chair Powell
EURUSD, H1 The ECB delivered a 75bp rate hike, with the deposit rate raised to 0.75% from 0.0%, the main refinancing rate now at 1.25%. At the same time, the…
Read More »USD/JPY establishes below 144.00 amid lower consensus for US Inflation data
The USD/JPY pair is auctioning below the critical cushion of 144.00 in the Asian session. Broadly, the asset is displaying topsy-turvy moves in a tad
Read More »USD losing ground in Asia morning trade
<p>EUR, AUD, NZD, GBP, CHF all trading higher against the dollar. </p><p>As is CAD, busting through here:</p><ul><li><a href="https://www.forexlive.com/news/usdcad-key-support-at-13075-20220908/" target="_blank" data-article-link="true">USD/CAD key support at 1.3075</a></li></ul><p>—</p><p>Apart from what has been posted there…
Read More »Knock out options 145 in USD/JPY – defensive sellers ahead the level
<p>There are defensive sales ahead of 145.00 relating to these option barriers.</p><p>A barrier option gets knocked out (no longer exists/becomes worthless) if the level trades, hence the defensive sales ahead…
Read More »Dow Jones Soars as Fed Blackout Period Starts, ASX 200 at Risk Due to China Economic Woes
The Dow Jones soared the most in almost one month, setting the stage for gains in Asia. But, the ASX 200 may struggle to find follow-through due to economic risks…
Read More »EUR/USD retreats from parity ahead of ECB, Fed Chairman Powell’s speech
EUR/USD slips to 0.9990, after bouncing off a 19-year low the previous day, as the US dollar regains upside momentum amid a cautious mood ahead of the
Read More »ECB Preview: 50 or 75?
The Eurozone’s record inflation print of 9.1% has left markets pricing in a 75 basis point hike at next week’s meeting. The hawks are expected to push the debate of…
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