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Access Jerome Powell’s full speech at the Jackson Hole Symposium right here
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…
Forexlive Americas FX news wrap 25 Apr: The USD closes the day higher but mixed for week. | Forexlive
The markets were not all that giddy about the Time Magazine interview with Pres Trump. The article addressed several key international and economic issues. He expressed no or little concern about the bond market turmoil earlier in April, stating confidence in his economic direction. On foreign policy, he asserted that Crimea would remain with Russia…
Dollar Resumes Gains Amid Weak Rivals and Fresh Economic Data
After a brief correction, the US dollar is back on an upward trajectory. The GBP/USD pair has fallen to 1.2600, USD/CAD has bounced from 1.3940 and is heading towards 1.4000, while EUR/USD is approaching 2023 lows. USD/CAD At the start of the trading week, dollar buyers managed to push USD/CAD up to 1.4100. However, the…
GBPUSD Stays Pressured as US Stock Index Sees Stagnation
Bears in the GBPUSD market maintain a strong influence despite the almost stagnant characteristics of the US stock index. Indications surrounding the market suggest that price activity may even break below a previous support level as the market anticipates more fundamentals from the US side. Key Price Levels:Resistance Levels: 1.3100, 1.3300, 1.3500Support Levels: 1.3000, 1.2900,…
A 25% Drop Shook Traders… but SHOP Still Points Higher – Forex Market Analysis – ForexCycle.com
Shopify (SHOP) enters the next quarters with solid momentum, and more importantly, its latest results suggest that this strength is not temporary. The company delivered 31% year‑over‑year revenue growth. Also, it saw GMV accelerate across North America, Europe, and Asia, with Europe alone growing 42% on a constant‑currency basis. As a result, management now expects…
Forexlive Americas FX news wrap 21 Jun: The USD moves higher helped better flash S&P | Forexlive
The week is coming to a close with the USD being the strongest of the major currencies. The JPY is the weakest.The gains in the greenback today were helped by stronger-than-expected flash PMI data that saw services index rise to 55.1 vs 53.7 expected, and the manufacturing rise to 51.7 above estimate of 51.0. For…
