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Tag: forex candlestick patterns

USD/CAD Outlook: BoC to Raise Rates by 50bps Amid Tight Labor Market

Canada’s economy created 108,300 jobs in the past month, beating forecasts. Markets expect the BoC to raise rates by 50bps in December. Canada’s government spending plan...

Chinese Trade Balance for October 85.15bn USD (expected 95.97bn, prior 84.74bn)

USD terms:85.15bn USD expected 95.97bn, prior 84.74bnExports -0.3% y/y, a big missexpected 4.5%, prior 5.7%Imports -0.7% y/y also a missexpected flat at 0%, prior...

The Fed and jobs are behind. Inflation is ahead.

In this video, Greg Michalowski of Forexlive.com reviews the Fed and the US jobs report and previews the CPI data ahead. He also looks...

The results of the US midterms might not be known for a month

The US midterms take place on November 8 and it all likelihood we will have a very good idea of who holds that balance...

Pound Sterling Price News and Forecast: GBP/USD appreciates further and reaches session highs near 1.1400

GBPUSD appreciates further and reaches session highs near 1.1400 The pound has continued appreciating during Friday’s US afternoon trading, buoyed by the broad-based USD weakness,...

Silver Price Analysis: XAG/USD thrashes resistance at $20.00 and approaches $21.00

Silver prices surge 7% to hit three-week highs near $21.00. The US dollar falls as US labor markets show signs of easing. XAGUSD has reached an...

GBPUSD to face downward pressure over the near-term – HSBC

GBPUSD dropped after a somewhat more dovish than expected BoE announcement. Cable is likely to face further downward pressure, given the cyclical divergence between...

US dollar falls further as the equity rally extends

The US stock market hit a bump in the road midway through trading at equities gave up nearly all their gains but they have...

Euro and Sterling rallied against U.S. dollar. Why’s that?

Euro and Sterling rallied against U.S. dollar. Why’s that? ...

GBP/USD Price Analysis: BoE Hikes by 75bps, Warns of Recession Ahead

The BoE raised rates by 75bps on Thursday, the most since 1989. The BoE warned of a looming protracted recession in Britain. The pair is falling...

AUD/USD Outlook: RBA Lowers Growth Expectations as Inflation Soars

Aussie is pushing lower due to dollar strength. The RBA reduced the forecast for economic growth in Australia. Australia’s central bank expects inflation to peak at...

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