The Australian Dollar (AUD) is a currency influenced by various factors that shape its direction against the US Dollar (USD). To comprehend the fundamental bias of the AUD/USD exchange rate, ...

Critical Alert: Escalating Risk of US hard landing after Fed’s Uncompromising Rate Hikes, Cautioned by Cam Harvey

by Vinit Makol · June 10, 2023 ·

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The odds of a US hard landing are on the rise, according to Campbell Harvey of Research Affiliates. The Federal Reserve's persistent battle against inflation through interest-rate increases has heightened ...

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Turkish Lira Plummets as State Lenders Cease Currency Defense, New Finance Minister Faces Problems

by Vinit Makol · June 10, 2023 ·

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The Turkish lira hit new lows against the U.S. dollar on Wednesday, triggering growing concerns about the country's economic stability. One of the factors contributing to the lira's decline is ...

Cryptocurrencies Face Renewed Pressure as Interest Rate Hikes and SEC Lawsuit Take a Toll

by Vinit Makol · June 10, 2023 ·

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Cryptocurrencies, including Bitcoin, find themselves under renewed pressure as market dynamics shift, bringing potential challenges to the digital asset space. Bitcoin is currently trading near $26.4K, experiencing a 1.5% decline ...

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Australian Dollar Rises on RBA’s Rate Hike, Awaits Fed’s Response

by Vinit Makol · June 10, 2023 ·

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The Australian Dollar has recently gained some momentum, thanks to improving rate differentials. The Reserve Bank of Australia (RBA) has played its part by surprising the market with a 25 ...

Inflation Report 2023: UK’s Soaring Inflation Rate Triggers Concerns and Economic Challenges

by Vinit Makol · June 9, 2023 ·

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The latest inflation report highlights the UK's anticipated role as a frontrunner in the inflation rate race among advanced economies. According to the data, the inflation rate in the UK ...

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EUR/USD Falters to Gain Momentum Below 1.0800 Amidst Weaker US Dollar

by Vinit Makol · June 9, 2023 ·

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The EUR/USD falters to gain momentum below 1.0800, however the pair exhibited resilience as it closed above the 20-day Simple Moving Average (SMA) for the first time in a month. ...

Gold Prices Rise as US Dollar Weakens on Jobless Claims Surge, XAU/USD Eyes Bullish Engulfing

by Vinit Makol · June 9, 2023 ·

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Gold prices experienced a remarkable rally on Thursday, driven by the weakening US Dollar and an unexpected surge in jobless claims. The precious metal soared by 1.3 percent, marking its ...

Mastering the Breakout Trading and Retracement Strategy: A Comprehensive Guide

by Vinit Makol · June 8, 2023 ·

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Introduction In the fast-paced and ever-evolving world of financial markets, traders are constantly seeking effective strategies to capitalize on price movements and generate consistent profits. One popular approach that has stood ...

Bank of Canada Raises Interest Rates by 25bps, USD/CAD Falls as Demand Skyrockets

by Vinit Makol · June 8, 2023 ·

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The Bank of Canada (BoC) has come out swinging with a bold move, raising interest rates by 25 basis points. This unexpected decision has sent shockwaves through the market, causing ...