Author name: The Forex Feed

GBP/USD consolidates around 1.3330 as traders await Fed rate decision The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session. Spot prices, however, remain close to the highest level since October 22, touched last Thursday, with bulls awaiting

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US stocks climb as inflation data strengthens rate cut outlook United States (US) stock markets ended the week on a positive note, supported by soft inflation data that reinforced expectations of a rate cut at this week’s Federal Open Market Committee (FOMC) meeting. For the week, the Nasdaq 100 finished 1% higher, the S&P 500 rose by

In an interview on Sunday published by Los Echos, French President Emmanuel Macron hinted at a US-style trade war on China. He said he spoke with Chinese officials and warned them what’s coming. “I told them that if they do not react, we Europeans would be forced, in the coming months, to take strong measures

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It’s easy-come, easy-go in the bitcoin market this weekend. Earlier today it sank all the way to $87,800 and then stormed to a high of $91,700 in a straight-line move. Now though, the bears are back in control and have dragged it down to $89,577. That’s not a great sign for overall risk appetite into

The new week is underway and the early FX moves are minimal. I haven’t seen any economic data or news that’s particularly notable, so we will take the market moves as they come. The big data drop today comes at 2350 GMT with the result of Japanese Q3 GDP. This is the second revision and

Indian Rupee Technical Analysis Today: USDINR Bounce From 110 to 110.5 Plays Out, What Comes Next for the Rupee Price Prediction INR Price Prediction via the Following Technical Analysis Video In today’s Indian Rupee technical analysis, we revisit the USDINR 4 hour chart after last week’s prediction. The Indian rupee futures moved exactly into our

S&P 500 took a dive 75min before the opening bell, retail enthusiastically bought into PCE and UoM data release, and prices then settled little changed on the pre-flush level. What‘s apparent from checking the hourly on both ES and NDX this week? A series of higher highs and higher lows – remarkable resilience in a

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Many traders and investors saw the seemingly aggressive bearish reversal for gold on Friday and are wondering if we have a double top. Perhaps a start of a major bearish reversal? Gold futures 4hr chart with 20EMA and RSI at the bottom Gold has been one of the most followed markets this quarter, and for

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