A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs may be decent for the eurozone but grim for Germany, which could be enough for markets to price in more…
The Canadian dollar is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day. On the data calendar, Canada releases retail sales and the US publishes the services and manufacturing PMIs. Canada’s retail sales expected to fall Canada’s retail sales for September…
2024.11.22 2024.11.22 EURUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.0620 with a target of 1.0400 – 1.0193. A sell signal: the price holds below 1.0620. Stop Loss: above 1.0650, Take Profit:…
Today’s PMI figures were released and came in worse than analysts’ expectations. The Flash Manufacturing PMI and Flash Services PMI for both Germany and France fell below the 50.0 threshold, indicating that Europe’s economy is slowing down. This weakened the euro further and exacerbated the situation on the EUR/USD chart, which has been in a…
Retail trading has proliferated in popularity across Thailand in 2024 as many new and established investors look to diversify their portfolios. Asset classes such as Forex, commodities, CFDs, and others have long been attractive choices, given the propensity for volatility and the potential to capitalize on global currency market opportunities. With so many options to…
Investing.com – The US dollar climbed to a new high Friday, while the euro slumped as data continued to illustrate the weak state of the eurozone economy. At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.6% higher to 107.614, after earlier climbing to…
On Friday, Wedbush Securities announced its support for 24-hour trading of US equities for its correspondent clients. The financial services firm said in a press release that the new capability, which complements its existing 24-hour futures trading, provides increased flexibility and access to US markets for investors. By enabling 24-hour equity trading, Wedbush said it…
On Friday, Hong Kong Exchanges and Clearing Limited (HKEX) announced the appointment of Paul Chow as its Group Chief Sustainability Officer and Jeffrey Ng as its Group Chief Communications Officer. The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects…
Gary Gensler, the 33rd Chair of the U.S. Securities and Exchange Commission (SEC), will step down from his role on 20 January 2025 at noon, the agency announced Thursday. Gensler, who has led the SEC since April 2021, departs after a tenure marked by various reforms and enforcement actions aimed at safeguarding investors and enhancing…
The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK retail sales disappointed in October, with a sharp decline of 0.7% m/m. This follows a downwardly revised 0.1% gain in…