• 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

    READ MORE
  • 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

    READ MORE
  • 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%

    READ MORE
  • 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

    READ MORE
  • 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)

    READ MORE
  • 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

    READ MORE
  • 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.

    READ MORE
  • 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

    READ MORE
  • 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

    READ MORE
  • 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

    READ MORE
  • The Pattern Pulse – 25 January 2024

    The Pattern Pulse – 25 January 2024

    • January 25, 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 Index Rangebound Between Key Levels Daily Timeframe – From the daily timeframe of the US Dollar index (a geometric-average weighted value of the USD against six major currencies), buyers and

    READ MORE
  • The Pattern Pulse—18 January 2024

    The Pattern Pulse—18 January 2024

    • January 18, 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/USD Testing Pattern Support Monthly Timeframe – Against the US dollar, the Australian dollar has, as of writing, snapped a two-month winning streak and is now on the doorstep of pattern

    READ MORE