TradeyMarkets

TradeyMarkets

The British-Irish Council summit will be attended for the first time in 15 years by UK Prime Minister Sunak. On Thursday, the Tory leader will also meet with his counterparts from Scotland and Wales to repair relations. According to Bloomberg, the UK government is also in favor of reducing the surcharge on bank profits to 3% in order to maintain the sector's...

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Treasury yields recover from the previous day's losses as worries about China's economic slowdown and US government gridlock combine. The government is continuing its zero-tolerance policy, and the severity of the cases isn't showing a similar correlation, so the chances of China reopening have shifted to the downside. With the most recent addition of 8,335 for...

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As the risk aversion theme is gaining steam, the powerful US dollar index (DXY) has renewed its day's high at 110.40. The S&P500 futures' modest gains have been reduced as risk appetite declines. After Thomas Barkin, president of the Richmond Federal Reserve (Fed), provided hawkish guidance, the yield on the 10-year US Treasury increased to 4.23%. Investors are...

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As China reaffirmed its commitment to its zero-corona strategy, dashed hopes for an economic revival that may increase global demand, the New Zealand currency declined below $0.59, erasing gains after a robust surge. China has said that it will continue to impose restrictions in the interim. Naturally, that raises the possibility of a possible adjustment as...

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The US Dollar Index (DXY), which had risen for three days, started to decline early on Tuesday morning, reaching 111.50. The index of the US dollar versus the six major currencies, which also tracks down US Treasury rates, reflects the market's concern ahead of the crucial central bank pronouncements and the US jobs numbers. The US dollar seems to have been under...

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Despite the highest inflation in three decades, Australian markets climbed on Monday, driven by banking firms, in anticipation of the central bank's much-anticipated moderate interest rate hike this week. In anticipation of the Federal Reserve's two-day policy meeting this week, Wall Street closed substantially higher on Friday with all major U.S. indices up 2.5%...

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The EUR/USD encounters solid resistance near 1.0100. The pair's continuous jerk comes on the heels of the greenback's weak recovery, which tries to restore some equilibrium following the recent steep sell-off, as the prospect of the Fed slowing the pace of its tightening plans appears as the immediate threat to the buck's further gains. Investors are taking...

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Australian inflation surpassed estimates in the third quarter, reaching a 32-year high, and the Reserve Bank is expected to raise interest rates again to battle inflationary pressures. Rising rent and fuel prices were the primary causes of the reading being higher than expected, as Australia grappled with high borrowing rates and rising commodity prices. Food...

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The price of gold has fallen significantly since it crossed the $1,670.00 barrier. The US dollar index (DXY) has become extremely volatile due to rumors that the Bank of Japan (BOJ) intervened in the FX markets to strengthen the Japanese yen, which has put some fair selling pressure on the precious metal. The Federal Reserve policymakers are expected to raise...

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The US dollar is being supported by the Federal Reserve's monetary policy decision, which is anticipated to result in a fourth straight 0.75% rate increase. As a result of the market players fleeing to safe haven assets due to the negative market mood, the US dollar index (DXY) has renewed its day's high at 113.12. However, on the daily chart, bearish divergence...

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Despite limiting its highest daily gains in a week, WTI crude oil remains in a flat trend. US government representatives have stated that they are prepared to release 15 million barrels of oil from SPR. In contrast to repurchasing shares and paying dividends, according to Biden, oil firms should increase output and lower gasoline costs. He said, “My message to the...

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The GBP/NZD has dropped further since reaching a high of 2.032 and is currently well below the 2.000 mark where the pair ended on Tuesday. Despite the Bank of England's constant interest rate hikes, the annual inflation rate in the United Kingdom increased from 9.9% to 10.1% in September. In September, New Zealand's inflation rate fell marginally to 7.2% from 7.2%...

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The UK CPI data places the BOE in a precarious position following the government's economic and political failures. UK Finance Minister Jeremy Hunt said, "This administration will prioritize helping the most disadvantaged while ensuring wider economic stability and promoting long-term growth that will benefit everyone," following the release of the inflation...

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If price trades above the 1600 level we buy If price trades below 1600 level we sell

TradeyMarkets

Bitcoin has been undergoing correction ever since price managed to reach all time highs earlier in the year. Currently it has retraced and price is sitting at a suppot level of 20800. Continuation to the downside will only be valid if 20800 has been broken and the new support becomes resistance. However if the trendline holds and price begins forming new higher...

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Currently the Australian Dollar is trading below 0.6950 area. Another leg higher is at doubt as price is in a downtrend on the daily timeframe as shown by the trendline. Price is forming lower highs and lower lows. The stochastic oscillator with 5 2 2 as the setting is also indicating downward pressure as it is trading below 50. If the bears continue mounting...

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The United Kingdom's employment data for the three months leading up to April revealed a higher Unemployment Rate of 3.8% than anticipated (3.6%). The results depressed the pound prior to Thursday's Bank of England (BoE) meeting. This follows the monthly GDP figure released on Monday, which revealed an unexpected drop in April and aroused concerns about the health...

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Coronavirus infections in Beijing have reached a three-week high, the highest since May 22, when the current outbreak saw a record number of cases. Beijing's public schools have been closed till Monday, and all sporting activities have been canceled. A significant chunk of the public transportation system was shut down, as were several retail malls and gyms, and...