Dollar edges higher ahead of tariffs announcement; euro slips

Dollar edges higher ahead of tariffs announcement; euro slips
Source link

Dollar edges higher ahead of tariffs announcement; euro slips
Source link
The US dollar is on a tear against the major currencies after Donald Trump’s sweeping victory in the US presidential election. In the North American session, USD/JPY is trading at 154.62, up a massive 2.0% on the day. Trump elected as US President There are still plenty of votes to count in the US election…
Daily Pivots: (S1) 210.83; (P) 211.21; (R1) 211.81; More… Intraday bias in GBP/JPY is turned neutral with current retreat, and some consolidations would be seen. Downside of retreat should be contained above 206.74 support to bring another rally. On the upside, break of 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 will extend…
Last week, trading and investing platform eToro announced a partnership with Stocktwits, the social media platform for traders and investors. The collaboration is said to be aimed at enhancing the user experience for retail investors. The initial phase of the partnership will see Stocktwits integrate a ‘trade’ button on its platform, allowing its 10 million-plus…
Eurozone GDP rose by 0.4% qoq in Q3, surpassing the anticipated 0.2% qoq growth. A notable surprise came from Germany, where GDP grew by 0.2% qoq against expectations of a -0.1% qoq contraction, allowing Europe’s largest economy to narrowly avoid a recession. France also outperformed, with GDP increase of 0.3% qoq for the quarter. For…
The $300 level has proven psychologically significant for McDonald’s (MCD) stock: → In summer 2023, bullish investors failed to push the price above this mark, leading to a decline from $298 in July to $246 by October. → Again, in January 2024, the price briefly surpassed $300 but quickly dropped, eventually falling to $245 by…
Are you finding it hard to find good entry and exit points in the forex market? Many traders struggle with this. A strategy that uses currency pairs correlation and high-low zigzag analysis can help. This method helps find market reversals and can increase profits. It works by looking at how different currency pairs move together….