Federal Reserve’s Surprise 50bps Cut: What Could It Mean for Forex Traders?
In a move that shocked the financial world, the Federal Reserve recently slashed interest rates by 50 basis points (bps), the first rate cut since March 2020. This marks one of the most significant decisions from the Fed in recent years, especially following the post-pandemic economic recovery.
Trading Analysis for BTCUSD
16/09/2024
Bitcoin (BTC) has been steadily recovering over the past week, bouncing off a critical support level near $56,000. The cryptocurrency has gained approximately 6%, reaching a current trading range around $58,000.
Trading Analysis for XAUUSD
16/09/2024
Gold prices have seen consistent strength, with the metal nearing record highs in recent trading sessions. At the start of this week, gold hit the $2,589 level before experiencing a minor pullback to around $2,581.
Trading Analysis for EURUSD
16/09/2024
Over the past week, the EUR/USD pair experienced a recovery after initially falling in the early part of the week. The Euro bounced back, recovering from earlier losses due to hawkish sentiment from the European Central Bank (ECB), which offset some of the downward pressure.
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Changes in trading hours for certain markets due to US Labor Day & Chinese Mid Autumn Festival
How the U.S. Inflation Data on September 11, 2024, Could Impact the Forex Market
The BTC/USD pair has experienced significant fluctuations in recent weeks, hovering around the $57,000 level, which has acted as a crucial support. As the market grapples with mixed signals, Bitcoin has found itself in a tight range, struggling to break out decisively. The recent outflows from U.S. spot Bitcoin ETFs, totaling over $103 million, suggest that some investors are taking a more cautious approach, potentially anticipating further declines.
September 2024 Holiday’s Market Hours
Changes in trading hours for certain markets due to US Labor Day & Chinese Mid Autumn Festival
How the U.S. Unemployment Data on September 6, 2024, Could Impact Forex Market Prices
The BTC/USD pair has experienced significant fluctuations in recent weeks, hovering around the $57,000 level, which has acted as a crucial support. As the market grapples with mixed signals, Bitcoin has found itself in a tight range, struggling to break out decisively. The recent outflows from U.S. spot Bitcoin ETFs, totaling over $103 million, suggest that some investors are taking a more cautious approach, potentially anticipating further declines.
Trading Analysis for BTCUSD
02/09/2024
The BTC/USD pair has experienced significant fluctuations in recent weeks, hovering around the $57,000 level, which has acted as a crucial support. As the market grapples with mixed signals, Bitcoin has found itself in a tight range, struggling to break out decisively. The recent outflows from U.S. spot Bitcoin ETFs, totaling over $103 million, suggest that some investors are taking a more cautious approach, potentially anticipating further declines.
Trading Analysis for XAUUSD
02/09/2024
In the past week, the gold market has remained relatively stable, with prices holding firm around the $2,500 mark. This level has acted as a crucial psychological and technical barrier, as traders weigh the ongoing uncertainty in global markets against the relative safety of gold as a haven asset.
