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Market Analysis – 23/5/2022

Economic calendar Wednesday – New Zealand official cash rate/ FOMC meeting minutes Forex EURUSD EURUSD Daily Chart The Euro strengthened against the greenback over the past 10 days and is just dancing on the 1.0600 level as we speak. 1.0650 will act as the immediate resistance standing in the way of the bulls while the […]

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Market Analysis 16/5/2022

Economic Calendar Monday- UK Monetary Policy Report Hearing  Wednesday- Fed Chair Powell speaks, UK CPI, Canadian CPI Saturday- Australia election EURUSD EURUSD Weekly Chart. Source: TradingView If we take a step back and look at the weekly chart on EURUSD, we can see that parity is not so far away. It is currently just sitting […]

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Market Analysis 13/5/2022

There are no important economic events to end the week, however, volatility remains high across the market with participants continuously monitoring global macroeconomic developments, from the ongoing Russian war, China’s lockdown, EU’s oil embargo to the buffed-up USD and the most recent crash in Luna and Terra. XAUUSD XAUUSD H4 Chart. Source: TradingView Gold is […]

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 LUNAUSDT- Disabled

  Due to market events, we will be setting LUNAUSD to close only effective immediately. In addition, trading will be disabled at the end of tomorrow’s trading day (EOD 5/13). Any open positions held will be closed as of the end of day closing price of May 13, 2022.

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Market Analysis 9/5/2022

Economic calendar Wednesday– OPEC meeting, USD CPI Thursday– USD PPI The main economic event for the week will be the US inflation data, coming out at 8:30 AM EST on Wednesday. According to Trading Central’s Economic Insight, the Core inflation is expected to slow down to 6.2% versus the previous print of 6.5%, easing inflationary […]

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A Hawkish Fed- Interest Rates and more

As Expected The short-term interest rates have been raised 50 basis points to a target rate of 0.75%-1% during the FOMC Meeting yesterday, which is what the market was expecting. Although the news has mostly been priced in, it was still the most aggressive rate hike since 2000 as inflation levels soared through the roof […]

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Market Analysis 6/5/2022

It is the first Friday of the month, which means NFP is coming out later. However, non-farm reports have played a significantly smaller role in moving the markets recently, with many other pressing events happening around the world. Source: Trading Central Economic Insight We can observe that in the past 3 instances, the price of […]

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ApeCoin: To Dip or Not to Dip?

What is ApeCoin? ApeCoin is one of the hottest cryptocurrencies and has been the talk of the town lately. If you have ever done slight research on NFTs, you will surely come across Bored Ape Yacht Club (BAYC) and ApeCoin is very much linked to these ultra-expensive NFTs. According to Apecoin’s official website, the coin […]

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Market Analysis 2/5/2022

Economic calendar Monday- UK, China bank holiday Tuesday- China, Japan bank holiday, RBA interest rates Wednesday- China, Japan bank holiday, ADP Non-farm employment change Thursday- Japan bank holiday, FOMC statement, GBP monetary policy, and interest rate Friday- NFP We should all keep an eye on the post-FOMC press conference as Jerome Powell may provide a […]

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Market analysis 29/4/2022

It is a bank holiday in Japan while their home currency is stumbling to a new decades-low as USDJPY surged past the 130 key levels.  Dollar on Steroids USDJPY Daily Chart The dollar Yen rallied more than 240 pips yesterday to close significantly above its previous swing high. As Asia opened this morning the pair […]

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