RockStarr_FX

RockStarr_FX

A significant downside surprise in the latest UK CPI data has turned the Bank of England rate decision into a 50/50 chance between raising rates and maintaining the status quo. Nevertheless, considering the near-record high wage growth, it is probable that this will tip the balance toward a final rate hike. Much like the recent ECB policy decision, there is an...

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The Australian Dollar has been cautiously edging higher in recent days, prompting retail traders to gradually increase their bearish bets on AUD/USD. This shift in sentiment is evident when examining IG Client Sentiment (IGCS), which often acts as a contrarian indicator. Given this context, is it possible that the exchange rate could see further upward...

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In Europe, the eurozone is set to release its final inflation figures for August later in the session. These figures are expected to confirm that the Consumer Price Index (CPI) increased by 0.6% on a monthly basis, marking a substantial 5.3% rise on an annual basis. This annual inflation rate remains well above the European Central Bank's medium-term target of...

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The price of precious metal rebounded in the first two trading sessions of the week while waiting for the meeting of the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve (Fed), to end in the afternoon. Wednesday as we wait for the Federal Open Market Committee (FOMC) meeting, the policy-setting body of the Federal Reserve (Fed),...

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The Federal Reserve maintains its hawkish tone. The US dollar saw a slight dip on Monday but still retained its fundamental strength, as recent US data showed a resilient economy, with consumer inflation rising by 0.6% compared to the previous month, the largest increase since June 2022, due to higher gasoline prices. The Federal Reserve is widely expected to...

RockStarr_FX Updated 

At the end of the trading week, world gold continued to be stuck in the neutral zone as it was torn between the "hawkish" monetary policy trend of the US Federal Reserve (Fed) and the risk of potential economic recession. continues to dominate the market. While gold has some technical momentum, analysts say it does not have enough catalysts to overcome...

RockStarr_FX

The Australian dollar is showing signs of a tentative rebound this morning following a period of stagnation. Chinese economic data, as indicated in the economic calendar below, has provided a boost to the "pro-growth" currency, with better-than-expected figures in industrial production and retail sales. This comes as a welcome relief for Chinese authorities, given...

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Bitcoin experienced an eventful week, surging by more than 5% and reaching a trading price exceeding $26,000. Even after the release of the US Consumer Price Index, which indicated a 0.6% increase in inflation, Bitcoin demonstrated remarkable resilience, showing minimal price fluctuations. As of now, Bitcoin is hovering around the $26,500 price level, prompting...

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The US dollar fell 0.2% against other currencies following US economic data earlier in the day, making gold more attractive to holders of other currencies. "Gold and silver are rallying amid worries," said Tai Wong, an independent metals trader based in New York. "Gold is often used as a safe store of value during times of uncertainty. period of political and...

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ICE cotton futures declined on Friday due to the influence of a sluggish equity market and apprehensions regarding demand, particularly from China, the largest consumer. Nonetheless, the natural fiber was poised for a weekly increase as concerns about supply persisted.

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The cable is currently breaching the 200-day Simple Moving Average (SMA), signaling a potential downward trajectory. Should we witness a confirmed close and open below this longer-term indicator, it is probable that GBP/USD will aim for 1.2303, which represents the lowest point reached back in late May. Once this level is breached, GBP/USD could become susceptible...

RockStarr_FX

After a rise in DXY . The Euro has moved into a new trend. Downtrend. We will wait for news next week to see if EUR grows again. Wishing traders a happy weekend