Colclough

The Bank of England (BoE) is anticipated to maintain its policy rate at 5.25% for the seventh consecutive meeting this Thursday, despite the acceleration of disinflationary pressures in the UK. Recent speculation suggests the possibility of two interest rate cuts this year, yet the BoE appears cauti

Price completed a bearish Harmonic pattern near a strong resistance zone. Also considering the JPY is weak since a long period of time we should see any correction soon because it is getting boring in this way. The market can not move in only one direction as it has to release liquidity.

Looking at the open and the way things are starting to line up, this is the outcome I'm thinking is most likely. Still hedged, waiting for the price to reach the short position, release the buys at breakeven, then let price go down to meet up with my sells down below. I will have a 4x hedge or

OANDA says the move is to help "consolidate its operations" in Europe.The broker recently unveiled a new visual identity. OANDA, a longtime player in the multi-asset retail trading industry, has announced its plans to finally shut down its operations in Malta on March 17, 2023, and run its European

This chart highlights what is happening at the small degree for the bull view. I can see the first few waves of what should result in a break above the magenta dotted line for confirmation at around .69 cents. This wouldn't be the first time I have observed such patterns. During th

Our second target has reached for AUDNZD since the last analysis... The channel is still clearly down and we need the price to break above 1.07442 before we put on our bull wings... I'm going to wait a few more days for the next setup as right now it's in a strong downtrend channel.

Yesterday's US CPI report gave EURUSD a good shake-up. In the first part of the day, the euro fell to 0.96300 levels; after the news, the pair EURUSD rose to 0.98000. In the second part of the day, we saw consolidation around that level, which continued during

NZD/USD is trading to the upside today prior to the US FOMC Member Barkin Speech. Technically, price has reached a strong support zone on the 4 hour and daily chart. Price is expected to respect the support zone with an inverse head and shoulder pattern acting as confluence for a strong bullish move

Good morning, USDCHF has had a nice bearish development in the last week. WE can see the price has moved up correctively to the top of the higher time frame channel structure, forming an ascending channel. Within, we can see lower time frame head and shoulder reversal, and the price had a strong bea

WASHINGTON, March 15 (Reuters) - Russia's invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order in the longer term, the International Monetary Fund (IMF) said on Tuesday. Beyond the human suffer

As per the latest Global Research report from the Bank of American (BofA), the US dollar (USD) and Japanese yen (JPY) are likely to witness further buying in the fourth quarter (Q4) due to their safe-haven nature. The underlying reason spotted is the global economic weakness due to the coronavirus (

As widely anticipated, RBA left the cash rate unchanged at 0.25% at the October meeting. The yield curve control target also stays at 0.25%. This is the 7th consecutive month that the central bank has kept the monetary policy unchanged. While economic recovery is underway, policymakers judged that t