GBP/USD – 18.10.2024 – Orbex Forex Trading Blog

EUR/USD’s fall from 1.1917 resumed by late break of 1.1540 support. Initial bias stays on the downside this week for 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1576 minor resistance will turn bias neutral and bring consolidations first, before staging another fall. In the…

The AUD/USD forecast suggests easing pressure on Australia’s central bank to cut borrowing costs. Australia’s unemployment rate eased from 4.3% to 4.2%. Market participants are even pricing a 7% chance of the Fed cutting rates by 50-bps. The AUD/USD forecast suggests easing pressure on Australia’s central bank to cut borrowing costs after an upbeat employment……

The price action of Eli Lilly and Company (LLY), the world’s largest pharmaceutical firm, reflects exceptionally strong demand:→ since the start of the month, LLY shares have risen by roughly 30%;→ in late November, the company’s market capitalisation exceeded $1 trillion, making Eli Lilly the first pharmaceutical firm in history to reach this level. Why…

Markets: WTI crude oil up 88-cents to $62.50 US 10-year yields down 2.3 bps to 4.43% Gold down $46 to $3193 S&P 500 up 0.6% USD leads, CHF lags The FX market was lacklustre on Friday with no real driving force behind any of the moves. An earlier report about Japan balking at US trade…

2024.08.30 2024.08.30 IBM Stock Forecast & Price Prediction for 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ International Business Machines Corporation or IBM is a global leader in the development of hardware and software, as well as a provider of consulting and IT services. The company has a market capitalization exceeding $180 billion. The second-quarter report revealed…

As the XBR/USD chart shows, Brent crude oil has made two significant moves recently: Last week’s price increase (A) followed President Donald Trump’s intentions to impose tariffs on India due to its purchases of Russian oil. This could have disrupted established oil supply chains. The price decline (B) may have been driven by both the…