• December 15, 2022
  • Market News
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Bank of England Hikes Rates by 50bps, GBP/USD Slips Lower on Vote Split

The Bank of England (BoE) raised borrowing costs by half-a-percentage point today as the central bank seeks to tame double-digit inflation...
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  • December 15, 2022
  • Market News
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Gold Price (XAU/USD) Slammed by Fed Chair Powell’s Pessimism

Fed chair Jerome Powell crunched gold’s recent rally into reverse gear last night by suggesting that US interest rates will be kept elevated through 2023....
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  • December 15, 2022
  • Market News
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USD Outlook: Dollar Index (DXY) Finds Support Post-FOMC

The U.S. dollar looks ahead to the ECB rate decision for guidance heading into the new year after a positive FOMC reaction....
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  • December 15, 2022
  • Market News
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Australian Dollar Reversal Warnings Grow as AUD/USD Falls on Disappointing Chinese Data

The Australian Dollar fell as Chinese industrial production and retail sales disappointed across the board. AUD/USD bearish reversal warnings continue growing....
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  • December 15, 2022
  • Market News
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EURUSD Outlook Has Technical Pressure and the ECB Rate Decision

The FOMC decision has passed with a more hawkish message than the markets were expecting…and yet the market maintains its skepticism. That has kept the S&P 500 within its narrow range and leaves EURUSD’s technical congestion undetonated. Will the ECB decide the next move for the pair?...
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  • December 15, 2022
  • Market News
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Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook

The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures....
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  • December 15, 2022
  • Market News
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar set a fresh five-month-low, even as Powell took on a hawkish tone in the statement accompanying today’s rate decision. ECB and BoE rate decisions are on the calendar for tomorrow....
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  • December 15, 2022
  • Market News
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EURO’s Bullish Cycle May be Coming to an End

EUR/USD has been on a fast track to fresh highs, but might it be nearing an important turning point?...
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  • December 15, 2022
  • Market News
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Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast

The Federal Reserve announced its last rate decision of 2022 and it offered the ‘pivot’ that many had expected. A 50bp rate hike ended the pace for four meetings of 75bp through November, but that was expected. The real market impact is found in what the expectations are from the Fed heading int...
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  • December 15, 2022
  • Market News
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S&P 500, Nasdaq 100, Dow Jones Levels into FOMC

Yesterday brought a strong intra-day reversal in stocks, exposing a long upper wick on daily candles of SPX, NDX and YM. The big question now is whether the Fed gives bears motivation for follow-through....
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