It’s been fairly one way traffic for equities since Asia trading. S&P 500 futures were lightly changed earlier in the day but are now up by roughly 0.5% ahead of US trading. Wall Street opened higher yesterday but surrendered gains during the session to close modestly lower. It can be argued that there was some…
Investing.com – The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to…
The Euro (EUR) is likely to trade in a range between 1.1085 and 1.1155. Solid momentum indicates further EUR strength; it remains to be seen if the 2023 high of 1.1275 is within reach, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Momentum may take EUR/USD above 1.1155 24-HOUR VIEW: “We expected…
Ethereum’s price has been in a strong bullish formation since this morning Ethereum chart analysis Ethereum’s price has been in a strong bullish formation since this morning. A new daily high was created at the $2688 level. For now, we have some resistance in that zone and are pulling back slightly to the $2665…
Trading from Expert Signal Providers? On my journey to stable, profitable and boring trading, I came once to trading gold signals. Even if the Telegram posts from the providers look great, for me it was not possible to achieve same results. I was too impatient watching Telegram and waiting whole day for a signal. I…
For many months, the share price of the Chinese automaker NIO has been moving within a downward channel (shown in red), driven by the company’s ongoing struggle to achieve profitability. From a technical analysis perspective, this week has provided a discouraging signal for investors – the 4.2 level, which acted as support in June and…
Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows:→ Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1;→ Flash Services PMI: actual = 53.3, forecast = 52.8; previous = 52.5. As SPGlobal reports, the August PMI…
GBP/USD started a fresh increase above the 1.2920 zone. USD/CAD declined and now consolidates below the 1.3640 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today · The British Pound is eyeing more gains above the 1.3130 resistance. · There is a connecting bullish trend line forming with support near 1.3100 on the hourly chart…
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Understanding the future movements of the USD/JPY exchange rate is crucial for anyone looking to trade this fascinating pair. In this article, we analyse the economic outlook for 2024 and 2025, looking at expert forecasts to examine the impact of divergent monetary policies and economic conditions in the US and Japan. Dive in to discover…