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Forex overview. EUR/USD Eyes 1.09 Resistance Ahead of US, EU Inflation Data: Key Levels to Watch – ForexNews.PRO
The EUR/USD pair is experiencing a short correction upwards but remains within a broader downtrend.Meanwhile, the policy divergence could occur between the Fed and the ECB depending on the Eurozone CPI data this week. US GDP, PCE data will also play a key role in deciding the pair’s next move.Invest like the big funds from…
WTI Oil Drops 2% on Signals of Further OPEC+ Production Increase – Action Forex
WTI oil price remains in red for the third consecutive day and accelerated lower on Tuesday, losing about 2% of its value during Asian / early European trading. Oil price was initially deflated by optimism about potential US-China trade deal that stalled earlier strong rally sparked by US sanctions on two biggest Russian oil producers….
Dollar Feels the Pressure After PMI Miss! – Orbex Forex Trading Blog
Dollar Feels the Pressure After PMI Miss! XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
GBP/USD Forecast. The pound price approaches the target – 11-10-2024 – ForexNews.PRO
The GBPUSD price provided negative trades yesterday to approach our first waited target at 1.3000$, which represents 38.2% Fibonacci correction level for the rise that appears on the chart, and we suggest breaking this level to achieve additional bearish correction that its next target reaches 1.2866$. The EMA50 presses…
August 2024 in Figures – Currency Thoughts
August 2024 in Figures August 31, 2024 A sharper drop in U.S. long-term interest rates than those elsewhere during August was associated with renewed upward pressure on stocks and broadly spread dollar losses. At the Bank of England, officials among the five central banks featured in the table below were the only ones to hold…
RBI kept rates at 6.5%. The Canadian dollar is strengthening due to foreign currency inflows and rising oil prices
By JustMarkets At Wednesday’s close, the Dow Jones Index (US30) was down 0.60%, while the S&P 500 Index (US500) decreased by 0.77%. The NASDAQ Technology Index (US100) closed negative 1.05%. Yesterday, chip stocks gave up early gains and retreated, which had a negative impact on the overall market. Stocks on Wednesday initially went up on positivity from a rally in Japanese stocks…
