Posts Tagged ‘BTC analysis’
Forex Forecast & Forex Technical Outlook for 04 July 2022 to 08 July 2022
The combination of higher interest rates increased energy prices, and the fear of recession pushed central banks to get out of the eased monetary policies. In particular, the concern about possible recession is dragging the stock market down. Several economic data highlight the fears, like the latest job report in the US. Therefore, close attention…
Read MoreForex Forecast & Forex Technical Outlook for 27 June 2022 to 01 July 2022
The recent spike in the energy price affected consumers, but it turned into a political issue around the globe. The White House would be the main attraction of this storm as the midterm election is coming up for the US. The energy price indeed is one of the key elements of higher inflation that pushed…
Read MoreForex Forecast & Forex Technical Outlook for 20 June 2022 to 24 June 2022
The 75 bps rate hike showed how inflation is affecting the US economy. However, the early market sentiment was bearish as investors wondered how the Fed would react to the higher inflation. Finally, a less hawkish sentiment appeared by the Fed with no positive sign for other currencies. In the UK, the latest CPI inflation…
Read MoreForex Forecast & Forex Technical Outlook for 13 June 2022 to 17 June 2022
US inflation continued pushing higher in May while the CPI index rose more lavishly than expected. As a result, consumers continue feeling the pinch of higher prices that would lead the FED to take immediate action. On the other hand, the European central bank left its policy rate unchanged last week but provided a hawkish…
Read MoreForex Forecast & Forex Technical Outlook for 06 June 2022 to 10 June 2022
The European Central Bank may flag its first rate hike in more than a decade, while the RBA might follow the path with a 50 bps rate hike. However, the rate hike party needs to be monitored to find clues about the inflation ease. Last week, the US inflation was supported by the NFP, where…
Read MoreForex Forecast & Forex Technical Outlook for 30 May 2022 to 03 June 2022
In April, there was a 16.6% decline in the US new home sales with a further 3.9% drop in pending home sales, indicating that the housing market is cooling down from the rising interest rate. On the other hand, the personal income and spending remained higher besides the hot inflation. The headline PCE deflator was…
Read MoreForex Forecast & Forex Technical Outlook for 23 May 2022 to 27 May 2022
The US retail sales topped the estimation in April while the industrial production showed a better-than-expected result. Although the inflation did not show a recovery to a satisfactory level, other metrics for the US economy remain solid. On the other hand, the UK inflation reached a 40 year high in April at 9%, putting additional…
Read MoreForex Forecast & Forex Technical Outlook for 16 May 2022 to 20 May 2022
The most recent CPI and PPI data showed that the inflation slowed down in April, which helped the US Dollar come back with a buying momentum. Moreover, the FOMC chairman Jerome Powell said that the Fed is likely to extend the rate by 50 bps at each of the next two meetings but is ready…
Read MoreForex Forecast & Forex Technical Outlook for 09 May 2022 to 13 May 2022
The Fed has raised the interest rate by 50 bps and hinted at further hikes in the next couple of meetings. However, market participants were expecting further hawkishness from the Fed, which made the US Dollar temporarily weaker. However, the strong NFP and dovishness from other central banks showed a rebound in the market sentiment…
Read MoreForex Forecast & Forex Technical Outlook for 02 May 2022 to 06 May 2022
The US Federal Reserve bank will meet this week where market players are anticipating a 50 bps rate hike with a possibility of unveiling an in-depth balance sheet reduction. If the actual decision matches the expectation, it would be an aggressive bullish factor for the US Dollar. On the other hand, the EU policymakers showed…
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