Over the past month, EUR/USD has been in 'mean reversion mode,' characterised by price consolidation within a turbulent ascending channel. The erratic and unpredictable nature of this price channel reflects the mixed signals emanating from the ECB.
GBP/JPY aims to break higher but faces strong resistance
Markets have no doubt that the Fed will keep its rate unchanged despite stronger GDP data
Markets look to the Bank of Canada and European Central Bank meetings this week for further insight into the future of rates.
A preview of the upcoming UK jobs and CPI data and how it could affect UK assets.
There’s a lot to unpack on EUR/USD’s daily candle chart (below), so let’s start at the turn of the month with EUR/USD pressing down into the lower Keltner Channel having broken below a key level of support.
The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August
GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.
ECB hikes another 25bps in September but signals that this may be the last one.
A look at the key USD pairs ahead of the US CPI data out on Thursday
A preview of the upcoming Federal Reserve, European Central Bank and Bank of Japan meetings
We look at some of the latest USD/TRY predictions as the Turkish lira hits record lows.
The DXY hit a seven-month low in January, just a few months after a multi-decade peak in late September.
USD/JPY advances towards the top of its ascending triangle as the US dollar moves higher
USD trading setups post-CPI release