USD uptrends forming – BofA Securities

USD uptrends forming – BofA Securities
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USD uptrends forming – BofA Securities
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As the chart indicates, Advanced Micro Devices (AMD) reached its yearly low on 20th December, dropping below $120. However, on Monday, AMD emerged as one of the top-performing stocks in the market. The trading session opened with a bullish gap, and by the close, the stock had gained approximately 4.5% compared to Friday’s close. Meanwhile,…
The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday’s European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada’s GDP expected to remain at 0.1% The market is keeping expectations low for today’s GDP report, with a forecast of 0.1% m/m for October after a…
Sentiment analysis in forex trading is a powerful tool for understanding how traders feel about currency pairs. It helps traders gauge whether the market is leaning bullish or bearish. By analyzing trader emotions and market behavior, sentiment analysis provides insights that complement technical and fundamental analysis. It allows traders to anticipate price movements before they…
Weight-loss injections are not the “holy grail” of solving the obesity crisis, although they will play an important role in how the NHS treats the disease, the medical director of NHS England has said. Speaking at a conference hosted by the King’s Fund on Wednesday, Prof Stephen Powis said weight loss drugs were revolutionary and…
Log in to today’s North American session Market wrap for November 27 American traders have taken a break after weeks of volatility, and when the US is off, the entire market feels off. Market participants from around the globe tend to take their day off when US markets are closed, due to a considerably lower…
Today, following the release of data showing a February slowdown in the national Consumer Price Index (CPI), the Japanese yen continues to trade with a negative tone, creating uncertainty in the market. The data shows that Japan’s national CPI rose 3.7% year-over-year in February, down from 4% in the previous month. Although this slowdown was…