by SignalsFactory Staff | Nov 8, 2023 | Uncategorized
The Greenback adds a third straight day of gains in its recovery attempt. Traders will be looking for clues and guidance from Fed Chairman Powell. The US Dollar Index is still in the 105-region, with still more room to the upside to recover from last week’s...
by SignalsFactory Staff | Nov 6, 2023 | Uncategorized
Markets turn dovish on rates after Powell’s dot plot comments Bank of England maintains a hawkish posture but worrying growth, and employment data could test its resolve sooner than expected GBP/USD buoyed by dollar decline – meets immediate resistance via 200 SMA...
by SignalsFactory Staff | Nov 3, 2023 | Uncategorized
US NFP DATA FOR OCTOBER NFP 150k vs 180k estimate, September’s 336k print revised lower to 297k. Unemployment rate 3.9% vs 3.8% exp Fed funds futures lower estimates of another Fed hike this year Immediate market reaction: USD, yields drop...
by SignalsFactory Staff | Nov 1, 2023 | Uncategorized
WTI OIL PRICE, CHARTS AND ANALYSIS: WTI Struggling to Hold the High Ground Thanks in Part to a Resurgent US Dollar. Middle East Conflict to Remain a Critical Driver as it Continues to Underpin Oil Prices. EIA Inventories Rose Once More According to the Data. Crude...
by SignalsFactory Staff | Oct 31, 2023 | Uncategorized
Gold price looks for a direction as the focus shifts to Fed policy. A no-change interest rate decision from the Fed is widely expected but with the possibility of further rate hikes ahead. The Israeli defense forces gradually in Gaza to demolish Hamas. Gold price...
by SignalsFactory Staff | Oct 30, 2023 | Uncategorized
BITCOIN (BTC) PRICES, CHARTS, AND ANALYSIS: A Bullish Pennant breakout is currently being tested. A Golden Cross – 50-/200-day SMA crossover has been formed. We have been positive on Bitcoin over the past few weeks due to a cluster of positive fundamental drivers. The...
