The AUDUSD rose in its recent intraday trading, supported by the positive signals on the (RSI), to complete its moves in sideways range on short- term basis, between the resistance at 0.6440 and the support at 0.6340, moving around its EMA50, creating a confused area that will form the upcoming trend on the short-term basis in case of exiting it.
By David French (Reuters) -The advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and TSMC’s upbeat forecast buoyed chipmakers’ stocks. The other main Wall Street benchmarks were largely unchanged, as the dipped to a fractional loss and the eked out…
EURUSD: The Euro-dollar pair is declining after rising in the previous session, trading near 1.0300 during Asian hours on Monday. Traders are expected to keep a close eye on the HCOB composite purchasing managers’ index (PMI) for the Eurozone and preliminary consumer price index (CPI) data for Germany due later in the day. EUR/USD faces…
EQT has introduced a European Long-Term Investment Fund (ELTIF) within its Nexus evergreen product suite, expanding access to private markets for non-professional individual investors across the EU and EEA. The firm said in a release on Monday that the new vehicle, EQT Nexus ELTIF Private Equity, is designed to provide exposure to a globally diversified…
Correlations appeared to break down in the aftermath of the FOMC announcement, as market players likely adjusted portfolios and reacted to individual asset catalysts. Meanwhile, the BOE surprised the markets with a “dovish hold” as a couple of MPC members voted to cut interest rates. Check out the headlines and economic updates you may have…
Fiat money, once the foundation of modern economies, faces unprecedented challenges in 2024. As the global financial system shows increasing signs of strain, more experts are questioning whether fiat money can continue to hold its value. Fiat money, which derives its worth from government backing rather than physical commodities, has long been the engine driving…
The short-term Elliott Wave outlook for the S&P 500 ETF (SPY) highlights a cycle starting from the August 1 low. This cycle is unfolding as a diagonal and nears completion. The initial wave ((i)) peaked at 647.04 after the August 1 low. A pullback in wave ((ii)) dropped to 634.92, forming a running flat Elliott…