The Fed rate decision and press conference may heighten market volatility. The bullish breach above the trend channel has not significantly changed market sentiment. An analysis of the 1-hourly chart. Fed Day Today is a very big day for the markets as the Fed will announce its rate decision with expectations of a 75 basis Read More…
Investors expect a 75bps rate hike from the ECB after inflation hit 9.1%. The ECB may take an aggressive stance as gas prices spike. Inflation in the eurozone might continue rising. The Euro (6E) futures continues to be under selling pressure as the US dollar remained the top gainer following upbeat US NFP data released Read More…
A lower-than-expected German retail sales report erases intraday gains for 6E. Bulls are not convinced with recent hawkish Fed statements amid a stable Eurozone GDP. US dollar bearishness paused amid a sluggish session due to Eurozone recession risks and China-US skirmishes. Intraday trading may be fueled by Eurozone Manufacturing PMI and Unemployment Rate Reports. A Read More…
