• BoE Holds the Line; Vote Split Change Triggers Dovish Reaction

    BoE Holds the Line; Vote Split Change Triggers Dovish Reaction

    • March 21, 2024

    8-1 Vote in Favour of Bank Rate Hold Following the Fed holding its Fed funds target rate at 5.25%-5.50%, and the Swiss National Bank (SNB) surprising markets this morning and cutting its overnight Policy Rate by 25bps, the Bank of England (BoE) followed the Fed and left the Bank Rate on hold at 5.25% (a

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  • The Pattern Pulse—21 March 2024

    The Pattern Pulse—21 March 2024

    • March 21, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Targeting Support Daily Timeframe – Following yesterday’s FOMC event—rates were left unchanged at 5.25%-5.50%, and the Fed’s dot plot showed officials still project three rate cuts this

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  • FOMC: 3 Rate Cuts Still on the Table for 2024

    FOMC: 3 Rate Cuts Still on the Table for 2024

    • March 21, 2024

    It was all about the FOMC yesterday. In a unanimous decision, the Fed held the benchmark lending rate at 5.25%-5.50% for a fifth consecutive meeting (this is the highest rate in more than two decades), as widely expected. The majority of Fed officials also still favour three rate cuts this year, which was moderately dovish

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  • FOMC to Hold the Line; Eyes on the Guidance/Dots

    FOMC to Hold the Line; Eyes on the Guidance/Dots

    • March 20, 2024

    Following the Reserve Bank of Australia (RBA) standing pat on rates and the Bank of Japan (BoJ) raising its Policy Rate by 10bps, consequently putting a cap on NIRP, as well as ending YCC, the focus shifts to today’s FOMC rate decision at 6:00 pm GMT. Fed Funds Rate to Remain at 5.25%-5.50% It is

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  • UK CPI Inflation Mixed

    UK CPI Inflation Mixed

    • March 20, 2024

    Earlier this morning, UK inflation numbers hit the wires. The Consumer Prices Index including owner occupiers’ housing costs (CPIH), which is essentially an extension to the Consumer Prices Index (CPI), slowed to 3.8% in the twelve months to February, down from January’s reading of 4.2%. The CPI year-on-year rate saw consumer prices cool to 3.4%

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  • The Pattern Pulse—14 March 2024

    The Pattern Pulse—14 March 2024

    • March 14, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD Buyers Resilient Monthly Timeframe – Price action on the monthly chart of the EUR/USD offers an interesting technical landscape to work with. You will acknowledge that support from $1.0519 has

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  • The Pattern Pulse—7 March 2024

    The Pattern Pulse—7 March 2024

    • March 7, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar on the Ropes Daily Timeframe – Following the break of channel support (extended from the low of 100.62) and subsequent push through the 200-day and 50-day simple moving averages (SMA)

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  • The Pattern Pulse—29 February 2024

    The Pattern Pulse—29 February 2024

    • February 29, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: AUD/NZD Offers Potentially Weak at Resistance Daily Timeframe – Following Aussie CPI data and the RBNZ holding the Official Cash Rate unchanged, the AUD/NZD cross has been well bid from support

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  • The Pattern Pulse—22 February 2024

    The Pattern Pulse—22 February 2024

    • February 22, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Bad News for USD Longs? Daily Timeframe – According to the US Dollar Index, dollar longs are under pressure. Despite technically exhibiting an uptrend, there are signs of technical weakness emerging.

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  • The Pattern Pulse—15 February 2024

    The Pattern Pulse—15 February 2024

    • February 15, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Sterling Under Pressure at Range Lows As evidenced in the monthly and daily charts, a bearish picture remains for sterling against the US dollar. GBP/USD recently denied $1.2715 resistance on the

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  • The Pattern Pulse—8 February 2024

    The Pattern Pulse—8 February 2024

    • February 8, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: US Dollar Index Eyeing Support Daily Timeframe – Having seen resistance breached at 104.15 this week, with sufficient oomph to trap breakout buyers and fill sellers’ protective stops, a retest of

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  • The Pattern Pulse—1 February 2024

    The Pattern Pulse—1 February 2024

    • February 1, 2024

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD Finishes January Forming a Bearish Engulfing Candle Monthly Timeframe – From the monthly timeframe of the EUR/USD, we can see that the major pair continues to remain in a downtrend

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