Edge-Zorin2

  Bulls in the  EUR/USD  rise again in response to aggressive ECB rhetoric. This week, attention will focus on the red calendar events. Since the beginning of the week, EUR/USD has been trading close to a 9-month high as the market anticipates rate increases from the European Central Bank at the same time as it begins pricing in a less hawkish Federal Reserve. The EUR/USD surged higher and hit a new bull cycle high of 1.0927. Almost all potential Fed moves of 50 basis points were priced out in Monday’s trading, and the expected peak for rates has been slowly cut from the present 4.25% to 4.50% range to 4.75% to 5.0%. On the other hand, according to Reuters, ECB policymaker Peter Kazimir said on Monday that although  inflation  was lowering, it was not a cause to halt the rate of an interest rate increase. Read More... Click here to see the video...

  It is still possible that the Reserve Bank of Australia will raise interest rates again in February, as mentioned in their previous minutes. Money market prices are currently divided between a 0% increase and a 25bps increment, which could lead to more clarity on Wednesday’s inflation print. On a positive note for the Australian dollar, commodity prices are projected to remain high throughout the year largely due to China reopening and coal exports being directed toward European countries who have become increasingly concerned about Russian energy sources. Read More... EDGE-FOREX

  One of the most active forex trading periods is the New York session. The most liquid time of the day is when the US session crosses over with the London session of the foreign exchange market. WHEN DOES THE NEW YORK FOREX SESSION BEGIN? The FX session in New York starts at 8:00 AM ET and ends at 5:00 PM ET. When the US and London FX market sessions cross over, there is a “overlap.” The overlap is between 8:00 AM ET and 12:00 PM ET since the London Forex market session begins at 3:00 AM ET and ends at 12:00 PM ET. Read More... click here to see the video...

  Silver rises a little on Friday but doesn’t continue over $24.00. Bullish traders are favored by the technical setup, which also provides opportunities for further gains. The optimistic picture will be destroyed with a strong breach under trend-channel support. In the Asian session on Friday, silver makes gains on the previous day’s decent recovery from the $23.15 region or a two-week low. However, silver finds it difficult to acquire traction or maintain it above the $24.00 level, and it has already partially given up some of its small intraday gains. Read More... EDGE-FOREX Click here to see the video...

  Below the crucial resistance level of 19.00,  USD/MXN  bounces within a constrained range. The  S&P500  futures and US Treasury rates show signs of recovery, creating confusion in the market’s mindset. Before stopping its campaign of tightening policy, the Fed may announce two further rate increases of 25 basis points. In the early European session, the USD/MXN pair displayed a balanced auction below the round-level resistance of 19.00. As Federal Reserve (Fed) officials consistently provide aggressive commentary for the terminal rate and sustain higher interest rates to rein in the tenacious inflation, USD/MXN is anticipated to transcend the immediate obstacle. Read More... Click here to see the video...

  In this article, we have covered the highlights of global market news about the  GBP/USD, EUR/USD, NZD/USD  and  USD/JPY . GBP/USD declines to 1.2350 due to unfavorable UK retail sales and Fed worries UK Retail Sales fall short early on Friday, pushing the  GBP/USD  to a new intraday low at 1.2350. Recent hawkish remarks from Bank of England (BoE) Governor Andrew Bailey and optimistic JP Morgan predictions support the Cable pair. In contrast to market predictions of a 0.5% increase and -0.4% prior readings, UK retail sales for December showed a 1.0% MoM decrease. The GBP/USD declined following the vital statistics since the UK Retail Sales account for a large portion of the British Gross Domestic Product (GDP). Read More... EDGE-FOREX Click here to see the video...

  In this article, we have covered the highlights of global market news about the  EUR/USD, AUD/USD, USD/JPY  and  USD/INR. EUR/USD Price Analysis: It’s still probable to climb to the 1.0900 area. The  EUR/USD  continued its upward trend from Wednesday and retook the zone above the crucial 1.0800 level on Thursday. The pair is moving inside a range-bound theme ahead of the likely continuation of the rally. In opposition to that, the first point of resistance is the YTD high, which is at 1.0887. (January 18). Once passed, it may pave the way for a likely trip to the round level at 1.0900 very shortly. Read More... EDGE-FOREX Click here to see the video...