Analysis

January Fed meeting: dates and what to expect

The FOMC meeting will take place on 30–31 January 2024, some of the key dates traders mark on their calendars. The market expected the Fed to keep rates at 5.25–5.50%, but the FOMC has signalled several rate cuts throughout 2024 as inflation weakens and the economy slows. Octa explains what to expect.

OctaFX | 572 days ago

U.S. PCE Pressures Dollar to Trade Lower

The U.S.PCE reading, revealed last Friday, suggest the inflation is moderating, contributed to a decline in the strength of the dollar.

PU Prime | 572 days ago

AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500

If you are finding the markets challenging right now then you must watch the webinar replay from Duncan as he runs through the key trading levels on the AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD index, Gold, and the S&P 500.

ACY Securities | 572 days ago

Strong US data did not change market expectations

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Strong US data did not change market expectations

FxPro | 574 days ago

Euro/dollar loses ground after ECB and US GDP data

Euro trades lower as ECB downplays inflation threat - Dollar gets a minor boost from US GDP, slowing inflation bruises yen - Stocks hit new records, but futures drop on disappointing earnings

XM Group | 574 days ago

AUD/USD hovers around 200-day SMA after decline halts

AUDUSD pauses short-term retreat at December low - Double bottom pattern triggers a rebound, but 200-SMA holds strong - Momentum indicators remain heavily tilted to the downside

XM Group | 574 days ago

Ethereum could end consolidation with a dip towards $2000

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Ethereum could end consolidation with a dip towards $2000

FxPro | 574 days ago

Daily Global Market Update

Pound Dollar stable, MACD contradicts. Bitcoin -0.5%, oversold. Oil Dollar +2.2%, overbought. Aussie +0.1%, positive Williams. Bitcoin ETFs outflow, German morale down. Oil up on low U.S. stocks, China hopes. Upcoming: US Personal Spending, Japan Index, US Income, UK CFTC GBP NC, Japan Coincident Index, Germany GfK Confidence.

Moneta Markets | 574 days ago

All Eye on U.S. PCE Data

The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world's largest chip maker. Optimistic earnings outlooks from Nvidia suggest that the industry is outperforming expectations. Concurrently, robust recent economic data from the U.S. is providing support for the dollar, holding it above the $103 mark.

PU Prime | 575 days ago

ACY Cast Episode 7 - Luca Santos: Unveiling the Art of Trading and Navigating Economic Psychology

Join Luca Santos, an experienced market analyst and ACY Securities expert, as he shares his trading journey and insights into the psychology of economics in this engaging vodcast.

ACY Securities | 575 days ago

USD Continues to Grind Higher and The Bank of Canada Pauses as Expected

As anticipated, we received data on US manufacturing PMI and services PMI. Let's break it down. The manufacturing PMI came in at 50.3, surpassing the consensus of 47.9. Similarly, the services PMI for January exceeded expectations, hitting 52.9 against a consensus of 51.

ACY Securities | 575 days ago

Shifting Attention to BOC Policy Update Following Increased FX Volatility Triggered by BOJ

The US dollar, a prominent player, recently hit a high at 103.82, creating a buzz in the market. However, this ascent wasn't sustained, and the dollar retraced some of its gains overnight.

ACY Securities | 575 days ago

Bitcoin halving 2024: What to expect?

BTC halving will occur when the number of blocks reaches 840,000 in April 2024. Then, the reward per block will decrease from 6.25 to 3.125 BTC. Usually, the bitcoin price rises for about six months before halving and is rather stable during the event. The primary growth occurs in the year following the halving.

OctaFX | 575 days ago