Blogs

The GBPUSD surges as BOE takes hawkish stance

Forex

<p>The GBPUSD ran higher today spurred on by follow-through USD selling (GBPUSD buying) after the more dovish Fed, and follow through buying of the GBPUSD pair on the back of a more hawkish BOE today.</p><p>The move to the upside worked its way toward the 1.2800 where old swing high area between 1.2789 and 1.27994 on […]

Mexico central bank keeps rates unchanged at 11.25%

Forex

<ul><li>Mexico central bank sets the benchmark interest rate at 11.25% unchanged.</li><li>Board was unanimous on rate decision</li><li>In order to achieve orderly, sustained convergence of headline inflation to 3% target, it will be necessary to maintain the reference rate at current level for some time.</li&g

Major indices move into negative territory

Forex

<p>The major US indices are all negative now with the Nasdaq index leading the way. At risk is the five they went straight for each of those indices.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average unchanged at 37090. It just traded as low as 37051.52 before bouncing.</li>&

Atlanta Fed GDPNow forecast leaps to 2.6% from 1.2%

Forex

<p>It's tough to ignore the Atlanta Fed's GDP tracker after it correctly predicted a super-strong GDP report in Q3 far before economists.</p><p>Now it's hinting at strength again with the tracker rising to 2.6% from 1.2% a week ago.</p><blockquote>After recent releases from the US Census Bureau, the US B

Is equity market sentiment too bubbly?

Forex

<p>One of the most-underrated indicators in the world is the AAII Sentiment Survey, which has been running since 1987 and measures sentiment of American investors. It was a screaming contrarian buy<a href="https://www.forexlive.com/Orders/october-forex-seasonals-it-was-a-volatile-september-what-comes-next-20220930/" target="

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