Recent content by TradeLikeAPro

The Chinese economy is experiencing a sharp slowdown, raising a reasonable doubt that GDP will be able to grow by the initially planned 5.5% this year. Fresh data showed that China’s economy was only 0.4% higher in the second quarter than a year earlier. The half-year increase is 2.5% compared...

Yesterday’s US inflation data spurred market expectations that the Fed will raise rates by 100 points at the end of July, although about a month ago, Powell called a 75-point increase abnormal. The revision in expectations for monetary policy of the US central bank again highlighted the...

The single currency collapsed below 1.03 for the first time since December 2002. The 1.0350 area euro buyers have managed to defend three times in the last month and a half and at the end of 2016. In our view, we should look for traces of the changed approach of the Swiss National Bank in that...

While the calendar's second half of the year started last Friday, it will probably not begin in the markets until the upcoming US jobs data is released this Friday. It is worth sorting out where the US currency currently stands on the forex market. The Dollar Index has climbed to a 20-year high...

The stock market failed to remain positive for the day, closing Wednesday with a slight decline. Stocks, commodities, and currencies dynamics since the start of the day on Thursday indicate the potential for further downside. Investors are getting more signs of economic contraction, which...

Consumer inflation continues to gain momentum in the UK. Data for May showed that CPI accelerated to 9.1% y/y - a record among the G7 and a 40-year high. The monthly price growth rate was 0.7% compared to 2.5% and 1.1% in the previous two months. However, apart from the reversal to lower base...

by FxPro’s Senior Market Analyst Alex Kuptsikevich. GBPUSD is trading near 1.2250, losing about 3% in the last four trading sessions. Pressure on the pound intensified on Monday, releasing a disappointing set of statistics. Monthly estimates showed the economy shrinking by 0.3% for April...

As expected, euro buyers' optimism faded immediately after the ECB press conference began, returning EURUSD to a repeat of 1.0600. Shortly after the initial surge in reports of an actual reversal in ECB policy, investors and traders delved into assessments of how slower the policy reversal in...

The European Central Bank has kept its key rate unchanged and officially announced that it will stop buying as part of its asset purchase programme from July 1. In an accompanying commentary, the ECB explicitly indicated that it intends to raise the rate by 25 points at its next meeting...

The British Pound is retreating for a second day, returning below the 1.25 level, failing to build on the positive momentum at the start of the week. The pressure appears to be driven by rising government bond yields in global markets, starting with but not limited to the US. The intraday...

Bitcoin continues its wild swings between $29-31.5K. By the end of the day on Tuesday, it had moved sharply back to the upper end of the range, but Wednesday began with a new dip, temporarily falling below 30K. Overall, bitcoin adds 2.7% over the day and has lost 4% in seven days, all well below...

With the start of June, the Fed was due to start selling assets off the balance sheet. However, balance sheet values peaked at the beginning of April when they were 50 billion higher than the latest figures. The S&P500 had turned downwards much earlier, in the early days of the year, but its...