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What Deutsche Bank sees for interest rates and foreign exchange in 2024

December 5, 2023

Analysts at Deutsche Bank don’t see the Federal Reserve cutting rates until June 2024 but they see swift easing in the final five meetings of …

Central Banks

BofA: Preview for Wednesday’s BOC policy meeting and CAD outlook

December 5, 2023

Bank of America provides a preview for the upcoming Bank of Canada policy meeting on December 6 and its implications for the Canadian dollar. BofA …

Technical Analysis

GBPUSD breaks below key support level, signaling potential downside

December 5, 2023

In the morning kickstart video, I outline the GBPUSD swing area floor between 1.2589 and 1.2602. That floor has now been broken. The low price …

Central Banks

The market is pricing in cuts too aggressively but it doesn’t really matter

December 5, 2023

The market is now pricing in 127 basis points in rate cuts from the Federal Reserve in 2023, with a 12% chance of cuts in …

Cryptocurrency

Bitcoin skyrockets above $43,000, as bullish rally prospers

December 5, 2023

The price of bitcoin is continuing its run to the upside with an extension above the $43,000 level. The high price today has reached $44,011. …

Technical Analysis

EURUSD falls towards key swing area as London/European traders look toward the exits.

December 5, 2023

As London/European traders look for the exit, the EURUSD is trading to a new session low. In the process, the price is also approaching a …

Technical Analysis

USDJPY roller coaster ride: Ups and downs persist as traders await next shove.

December 5, 2023

The USDJPY moved to a new session low after the weaker-than-expected JOLTs job opening data. That took the price below a swing area at 146.655. …

Technical Analysis

German DAX index trades to a new all-time record high

December 5, 2023

The German Dax is trading up 131.25 points or 0.80% at 16536. That takes the index to its highest level on record, extending above the …

Technical Analysis

USDCAD steps below key levels, bearish momentum builds intraday.

December 5, 2023

The USDCAD moved higher in early trading today, but sellers have started to take more control. technically, the price moved up to test the broken …

Central Banks

ECB’s Vujcic: My baseline is for no more rate hikes and data dependent decisions

December 5, 2023

The euro is down 14 pipis today to 1.0832 but bond yields throughout Europe are much lower today. The main comments today came from the …

Technical Analysis

RBA keeps rates unchanged. A dovish slant spurs on a AUDUSD drop.

December 5, 2023

The Reserve Bank of Australia kept rates unchanged at 4.35%. However, instead of being more hawkish, the central bank was perceived to be more dovish. …