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What Has Changed for EUR/USD, GBP/USD, USD/JPY?
US Dollar Vs Euro, British Pound, Japanese Yen – Outlook:USD slipped after Fed hiked rates, in line with expectations.Key focus now shifts to ECB and BOJ meetings.What has changed for EUR/USD, GBP/USD, and USD/JPY?
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GBP/USD scales higher for the third straight day
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GBP/USD advances to over one-week high, trades above mid-1.2900s on weaker USD
The GBP/USD pair…
Lukewarm Reaction to Fed Meeting
In a widely expected move, the Federal Reserve (Fed) hiked its policy interest rate by 25 basis-point (bp) to the 5.25%-5.5% range and left the door open for another hike in September. But given that Fed Chair Jerome Powell also guided for…
How to trade The Widow Maker News – Trading Systems – 27 July 2023
News like FOMC or NFP are known by the name "The Widow Maker". This exaggeration definetely shows the explosive character of the events. If you have open positions without a strict Stop Loss, you will likely run into a higher…
XAG/USD snaps two-day uptrend below $25.00, focus on 200-SMA and US GDP
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Silver Price retreats from fortnight-old resistance to print the first daily loss in three.
RSI…
Dow Jones, S&P 500 Unscathed by Fed Rate Hike. Retail Traders Turn More Bearish
Dow Jones, S&P 500, Retail Trader Positioning, Technical Analysis – IGCS Equities UpdateDow Jones, S&P 500 unscathed by Fed rate hikeBut, retail traders are becoming more bearishThis is a sign further gains may be in store ahead…
EUR/USD Up After Fed Hike but Skating on Thin Ice, ECB Guidance Key to Outlook
EURO FORECASTEUR/USD rose modestly after the Federal Reserve announced its July monetary policy decisionThe Fed resumed its tightening campaign after a brief pause last month, raising interest rates by 25 basis points to 5.25%-5.50%, but…
Trend direction and strength update on supply demand trading – Trading Strategies – 26…
With the new update we are able to see the trend direction and strength and also the trend start line is drawn on the chart so its easy to see if a divergence is created and reversal is possible ! In the first picture we are…
Event Guide: BOJ Monetary Policy Statement – July 2023
Rounding up our central bank events this week is the Bank of Japan’s (BOJ) July monetary policy updates.What are traders expecting and how can the event affect JPY’s intraweek trends?
Here are the important points you need to know if!--/sse-->!--sse-->…
NZD/USD rises following Fed decision
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NZD/USD rose above 0.6200 and jumped to positive territory.
Fed hiked rates by 0.25% as expected to…