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Event Guide: ECB Statement – June 2023
On Thursday, the European Central Bank is likely to raise its interest rates by another 25 basis points.
How can the decision affect EUR’s prices?
Here are the important points you need to know before working on your trading plan:
Event…
AUD/USD hits a five-week high around 0.6800, amidst US CPI cooling down, cementing a Fed skip
Share:
AUD/USD gains 0.55%, trading at 0.6787 despite the US CPI data release.
Fed is likely to delay rate…
Copper Rebound Gains Pace After the PBoC Lowered Chinese Borrowing Costs
Copper News and AnalysisChina lowers short-term lending rates to support economic recoveryIndustrial metals like copper benefitted from a lift in sentiment as prices roseFOMC remains the most impactful item on the economic calendar this…
NIO stock rallies 6% following lower US inflation reading
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Nio cuts model prices by $4,200, though Q1 vehicle margin dropped to 5.1%.
New Nio customers will…
US Inflation YoY Declines to 2-Year Lows but Core CPI Remains Sticky, DXY Edges Lower
US CPI KEY POINTS:
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US headline inflation YoY in May declined to 4% beating estimates…
FX Play of the Day: USD/CHF Retest Ahead of U.S. CPI
Uncle Sam is ready to print the latest CPI report today!
Can USD/CHF resume its climb once the numbers are out?
As you can see from the hourly chart below, the pair recently busted through a short-term falling trend line. This means that…
GBP/USD gets trendline rejection, but bulls still in play [Video]
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GBP/USD Forecast: Pound Sterling could test 1.2600 after US data
GBP/USD lost more than 50 pips on…
Dow, Nasdaq 100 and Nikkei 225 all looking strong
Article written by IG Chief Market Analyst Chris BeauchampDow Jones, Nasdaq 100, and Nikkei 225 Prices, Analysis, and ChartsDow clears 34,000 againWhile this index is still lagging the S&P 500 and Nasdaq 100 in terms of overall…
Daily Forex News and Watchlist: USD/CAD
USD/CAD is stuck inside a descending triangle and looks ready to test support.
Will it hold up during the U.S. CPI release?
Before moving on, ICYMI, yesterday’s watchlist looked at a simple bearish pullback on EUR/USD. Be sure to check…
Seems poised to test May swing high, around 0.6815-20 zone
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AUD/USD gains traction for the fourth straight day and climbs to over a one-month top.
A sustained…