The GBP/USD is trading in anticipation of a policy update from the British Central Bank this week. The Bank of England (BoE) may not raise interest rates, as the bank has hiked wages. However, there is a lot of caution as inflation unexpectedly rose last month. This update will be next Thursday. Recently, the U.S. […]
The Federal Reserve keeps interest rates unchanged in the U.S.
The U.S. Federal Reserve (Fed) announced Wednesday that it has kept interest rates unchanged. The Fed stated it would consider lowering the target interest rate range once it is assured of achieving and maintaining a 2% inflation rate. «In reviewing the right stance of monetary policy, the Committee will continue to observe the implications of […]
Daily Technical Analysis on EUR/USD: EUR/USD looks to reach much stronger support levels
Those looking for a stronger dollar in the market may feel disappointment if the EUR/USD finds significant support in the 1.0825-1.0850 range. Consequently, a potential rebound may not occur if the Federal Reserve (Fed) fails to demonstrate a strong stance against the dollar, contrary to market expectations of a rate cut in March. Determining whether […]
Technical Analysis on XAU/USD: The Prices continue to rise
At the beginning of this week, advances and pullbacks have been evident in the XAU/USD price. For now, the only clear thing is that if you are thinking of buying in the short term, it is very likely that resistance is located at the level of USD 2,000, and if there is a break through […]
The five most important events to watch this week
It is expected to be an action-packed week in the markets with the first Federal Reserve (Fed) meeting, the results of technology companies, and the most recent employment report in the United States. Not to be left out, the Bank of England (BoE) will also hold its first meeting in 2024 to define its monetary […]
BYD misses its earnings forecast due to price war
BYD Co.’s earnings increased due to increased demand, although they fell short of expectations set by various analysts. This was due to a price war in China that affected all companies in that market. Sales in China offset the drop in global demand, increasing BYD’s preliminary net revenues in 2023 by about 75% year-on-year to […]
Oil prices fall and OPEC production holds steady
Oil prices dropped and reached below US$77 after evidencing a rebound last week. At the same time, the abundance of global crude supplies has helped to mitigate potential price increases due to growing military tensions in the Middle East. Although markets anticipated a possible price correction, rising OPEC exports weighed on prices. According to market […]
Bitcoin ETF Takes Action
The cryptocurrency created by Satoshi Nakamoto is awaiting the determination of the financial regulator in the United States, the Securities and Exchange Commission (SEC) in the coming weeks regarding the issuance of ETFs, something totally new for the cryptoasset market. A not minor fact is that this year bitcoin celebrates 15 years of its creation […]
Tesla shares hit their lowest price in eight months
Following Elon Musk’s speech, in which he asked investors to understand the dynamics of slowing sales, shares of Tesla Inc (TSLA) plunged to their lowest numbers in eight months. Shares were down nearly 10% as the company failed to beat earnings expectations and warned that its growth will be «considerably lower» than expected this year. […]
Daily Technical Analysis on USD/JPY: Lots of speculation awaiting US growth and inflation data
The currency pair is currently overbought, and a downtrend may occur. However, investors should know what may happen in the coming days. The Bank of Japan (BoJ) was cautious this week and did not change its economic policy. Instead, it is believed that the BoJ will let the Federal Reserve (Fed) take the spotlight. Japan’s […]