Search results for: Forex

Is a Weaker Dollar Inevitable in an Election Year? – Orbex Forex Trading Blog

Source Node: https://www.orbex.com/blog/en/2024/02/is-a-weaker-dollar-inevitable-in-an-election-year
Time Stamp: February 2, 2024 5:32 AM - Modified On: February 2, 2024 - Published By:
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It’s an axiom at this point that the US economy gets a little bit of a boost during election years. Though for forex traders, what exactly happens to the dollar is more important. Traditional thinking might suggest that if the economy is doing better, then the currency will be stronger. But, when politicians get involved, things are not so straight-forward. Also, for the record, being in an election year doesn’t make the economy immune to a recession. In fact, the last major recession – the sub-prime crisis – hit bottom

Intraday Analysis – USD Eclipses Rivals – Orbex Forex Trading Blog

Source Node: https://www.orbex.com/blog/en/2024/02/intraday-analysis-usd-eclipses-rivals
Time Stamp: February 2, 2024 3:33 AM - Modified On: February 2, 2024 - Published By:
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EURUSD remains in a downtrend The US dollar continues to surge against its major rival as the Fed signals a dovish future. The euro remains pressured under the 20-day SMA as it sought to preserve its gains above December’s high above 1.1100. A sharp break above 1.0810 has attracted momentum buyers, sending the pair towards 1.0880 which sits in the supply zone. As the RSI remains stagnant, more buyers could see a pullback as an opportunity to tag along with 1.0780 as a fresh support. XAUUSD breaks higher Gold surged

GBP/USD: Poised for potential bullish breakout ex-post BoE – MarketPulse

Source Node: https://www.marketpulse.com/forex/gbp-usd-poised-for-potential-bullish-breakout-ex-post-boe/kwong
Time Stamp: February 2, 2024 2:32 AM - Modified On: February 2, 2024 - Published By:
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BoE offered dovish guidance but projected that inflation may run hot again in Q1 2025. GBP has remained the top outperformer major currency against the US dollar. Technical analysis suggests a potential bullish breakout for GBP/USD. The British pound sterling (GBP) made another remarkable intraday recovery yesterday after the Bank of England (BoE) maintained its policy Bank Rate at a 16-high of 5.24% for the fourth consecutive time as expected and toned down its prior hawkish rhetoric. Interestingly for the first time since 2008, the Monetary Policy Committee members of

Nanonets Intelligent Automation, and Business Process AI Blog

Source Node: https://nanonets.com/blog/rss/
Time Stamp: February 1, 2024 9:46 PM - Modified On: February 1, 2024 - Published By:
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In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. The complexity and resource-intensive nature of traditional AP work is becoming unsustainable, particularly in the face of growing demands for speed and accuracy.Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others. Instead of manually handling invoices, checking them, and making payments, AP automation uses software to do these tasks more

Market Insights Podcast – BoE divided on interest rates – MarketPulse

Source Node: https://www.marketpulse.com/news-events/central-banks/market-insights-podcast-boe-divided-on-interest-rates/cerlam
Time Stamp: February 1, 2024 4:21 PM - Modified On: February 1, 2024 - Published By:
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OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the Bank of England decision, US economic releases and preview tomorrow’s jobs report. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities

Hedging the Markets – GBP/USD remains rangebound as Fed and BoE hold – MarketPulse

Source Node: https://www.marketpulse.com/forex/gbp/hedging-the-markets-gbpusd-remains-rangebound-as-fed-and-boe-hold/cerlam
Time Stamp: February 1, 2024 4:15 PM - Modified On: February 1, 2024 - Published By:
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OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD after the Federal Reserve and Bank of England held interest rates. [embedded content] Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices

British pound higher as BoE holds rates – MarketPulse

Source Node: https://www.marketpulse.com/news-events/central-banks/british-pound-higher-as-boe-holds-rates/kfisher
Time Stamp: February 1, 2024 12:36 PM - Modified On: February 1, 2024 - Published By:
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The British pound is higher on Thursday. In Tuesday’s North American session, GBP/USD is trading at 1.2731, up 0.32%. BoE holds rates in a three-way split The Bank of England maintained the benchmark rate at 5.25% at today’s meeting, as expected. The BoE left rates unchanged for a fourth consecutive time, further evidence that the steep rate-tightening cycle is very likely over. What was most unusual was the MPC vote, with a rare three-way split. Six members voted for the pause, two members preferred to raise rates by a quarter-point

FBS Analysts Predict Bitcoin Downturn Amidst Anticipation of 2024 Federal Reserve Rate Cut | Forexlive

Source Node: https://www.forexlive.com/Education/fbs-analysts-predict-bitcoin-downturn-amidst-anticipation-of-2024-federal-reserve-rate-cut-20240201/
Time Stamp: February 1, 2024 9:15 AM - Modified On: February 1, 2024 - Published By:
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FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. This tendency signals the rising probability of the BTCUSD’s closing bullish trend, as rate hikes frequently influence risk assets such as Bitcoin.The Federal Reserve's key rate, a pivotal factor determining the minimum interest rate for interbank lending, plays a substantial role in shaping the financial landscape. Market participants have observed a correlation between the Federal Reserve's key rate peaks and the decline of risk assets, including Bitcoin. As

Bitcoin technical analysis video shows bears still in control | Forexlive

Source Node: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-video-shows-bears-still-in-control-20240201/
Time Stamp: February 1, 2024 8:46 AM - Modified On: February 1, 2024 - Published By:
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Dive deep into the latest Bitcoin market trends with our comprehensive technical analysis for February 1st, 2024! 📊 Whether you're a seasoned trader or new to the crypto world, this video has got you covered with crucial insights and potential trading strategies. 📉📈What's Inside the above BTCUSD technical analysis video:📉 Volume Profile Insights: Discover the significance of the point of control at $42,750 and its impact on Bitcoin's price movement.🔝 Key Resistance Levels: Learn about the quadruple top formation around $43,370 and the pivotal 20 EMA resistance.🐻 Bear Flag Breakdown: