Market Analysis Archives - Forex Dominion

Fed tries to contain inflation in the US with a 0.75% increase in interest rates

The 75 basis point increase leaves interest rates in a range between 1.5% and 1.75%. It is the largest increase in rates since 1994, with the aim of stimulating savings. The fight against inflation continues to be the main strategy of the US financial authorities, after the Fed announced at a press conference that it increased its interest rate by … Read more

Bitcoin fails to exceed the USD 30,000 band, what do the experts predict?

by rcanessa

Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more

US dollar index holds near 20-year high hit last week

by rcanessa

As another trading week kicks off this Monday, the US dollar index remains near the nearly 20-year high hit last week. The global picture offers plenty of reason to worry: the war in Ukraine and the Covid-19-related lockdowns in China cast long shadows over the growth prospects of the global economy, exacerbating the current inflation problem, intensifying the energy crisis, … Read more

World Trade: a key sector in the economic recovery from Covid-19

by rcanessa

While in 1970, trade represented about 29% of the world’s gross domestic product (GDP), as of 2018, it exceeded 60% of world GDP. At the beginning of the 15th century, with the arrival of colonization and the discovery of America, what began as a commercial phenomenon that we call triangular trade, became, over time, the seed of what we would … Read more

Morgan Stanley strategist predicts good performance for bitcoin and gold in coming years

by rcanessa

Ruchir Sharma believes that next year the inflation of the dollar will be noticed.
For Sharma, the next few years will be better valued stocks that preserve their value.

Morgan Stanley’s head of emerging markets and global strategy commented that commodities such as gold would do well for the next 3-5 years, and included bitcoin among them. Ruchir Sharma shared his point of view with Julia Chatterley, a CNN reporter. In his conversation, he showed his vision on how the economy and the global financial market will behave from 2021.

Major Economic Indicators for Switzerland and the Swiss Franc (CHF)

by rcanessa

The list of economic indicators shown below is of high relevance for both Switzerland and the Swiss franc (CHF), its current fiat currency, and therefore should be followed carefully by traders and investors who trade with this currency (currency pairs like the USD/CHF and EUR/CHF).

Major Economic Indicators for New Zealand and the New Zealand dollar (NZD)

by rcanessa

The list of economic indicators shown below is of high relevance to New Zealand and therefore for its currency, the New Zealand dollar, and should be followed carefully for traders and investors who trade in this currency. However, is important to take into account that this country does not publish indicators very often.

Strong enthusiasm in the markets following the business IFO survey

by rcanessa

The German IFO survey is one of the most studied, since it shows the status of the largest economy in the eurozone. It frequently indicates the economic evolution of the entire euro area and, in addition, it generates immediate effects on the common currency: the euro. This week, the IFO survey has shown that business confidence levels have risen sharply. To be … Read more

EUR/USD Bullish Momentum Ends After Collision with Resistance Confluence Zone

by rcanessa

EUR/USD stops at the 1.1000 zone and turns lower. Investor sentiment could determine the pair’s short-term trend in the coming sessions. In this article we present the most important technical levels to consider. The EUR/USD currency pair deepens bearish movements and accumulates two consecutive days of losses since last week after the price was rejected by technical resistance at 1.1000 … Read more

Risk aversion continues in the markets

by rcanessa

Risk aversion remains the predominant sentiment in the markets, supporting safe havens and affecting risk-related assets. This dynamic is well illustrated by the performance of the euro against the Swiss franc. Following President Trump’s statements yesterday, threatening to withdraw from phase one of the trade agreement with China, the franc reached 1.05038 against the single currency, the highest value in 5 years.

The apprehension around a possible second wave of the coronavirus was already calming the spirits of investors, who, however, had found reasons to be optimistic in partially lifting the blockade in Europe and America; these fears are now compounded by Donald Trump’s latest aggressive tirade toward China, with the markets stating that, in the face of the worst economic contraction since World War II, the reignition of trade tensions between the United States and China is the last thing the world economy needs.

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