Better than expected US non-farm payrolls & unemployment rate for September have revived the soft to non-landing narrative. The Citigroup US Economic Surprise Index has improved significantly since August. The improvement in US economic growth prospects is likely to benefit the Russell 2000 at least in the medium-term. This is a follow-up analysis of our…
As reported by Barron’s, October has historically been the second-best month for the information technology sector in the S&P 500. The sector typically gains an average of 2.7% in October, according to Dow Jones Market Data. The best month is November, with an average increase of 3.1%. This trend likely follows the statistically weakest month—September….
Last Friday, AUDUSD retreated to the 0.67856 level, forming a new 15-day low there Last week, AUDNZD was in a strong bullish trend from 1.08694 to 1.10500 AUDUSD chart analysis Last Friday, AUDUSD retreated to the 0.67856 level, forming a new 15-day low there. During this morning’s Asian trading session, the pair attempted a…
Strategy: Big MACD Breakfast The Big MACD Breakfast is a trend-following strategy. This straightforward approach utilizes 200 moving averages, MACD and has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although…
Last week, we saw a drop in EURUSD to 1.09514 levels on Friday During this morning’s Asian trading session, GBPUSD encountered resistance at the 1.31350 level EURUSD chart analysis Last week, we saw a drop in EURUSD to 1.09514 levels on Friday. The Euro has been under pressure all week, culminating on Friday. Positive…
The British pound to Australian dollar (GBP/AUD) exchange rate, influenced by economic factors in the UK and Australia, is a key focus for traders. This article provides an in-depth analysis of recent trends and analytical British pound to AUD forecasts for 2024, 2025, and beyond, examining factors like monetary policy, inflation, and global trade. Recent…
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) -India’s central bank has asked state-run and private lenders to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading sessions, four sources said. The Reserve Bank of India (RBI) informally…
Eurozone retail sales volume rose 0.2% mom in August, matched expectations. The increase was driven by a 0.2% rise in food, drinks, and tobacco sales, a 0.3% boost in non-food products (excluding automotive fuel), and a 1.1% jump in sales of automotive fuel from specialised stores. In the wider EU, retail sales grew by 0.3%…
Last week, Revolut urged Meta Platforms to commit to reimbursing fraud victims, arguing that its recent data-sharing partnership with UK banks “falls woefully short of what’s required to tackle fraud globally.” According to Revolut’s Consumer Security and Financial Crime Report, Meta platforms remain the primary source of scams reported to the company, accounting for 62%…
On Monday, pan-European market infrastructure firm Euronext announced the launch of an expanded range of Single Stock Options from Germany, Ireland, and Portugal. The company said in its press release that it believes the expansion further solidifies its position as a key player in the European derivatives market. Euronext revealed it has introduced 21 new…