Yesterday, disappointing news about the US economy was released. According to ForexFactory:→ The ISM Manufacturing PMI fell from 48.5 to 46.8 (analysts expected a rise to 48.8), indicating a decline in industrial production.→ The number of unemployment benefit claims reached 249,000 – the highest in 12 months. As a result, US stock indices declined, with…
As today’s USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn’t been this strong against the US dollar since early February this year. Bearish sentiment is driven by:→ Expectations of a Fed rate cut, weakening the US dollar;→ Low inflation in Switzerland – today’s CPI data shows -0.2%;→ Geopolitical…
Investing.com – The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world’s largest economy, potentially prompting the Federal Reserve to aggressively loosen monetary policy. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…
The first annual Financial Industry Affiliate Marketing Report from fintech growth and marketing firm FinTel Connect provides an in-depth analysis of affiliate marketing trends within the banking and fintech sectors across North America. By surveying over 110 affiliates and publishers partnering with financial services brands, the FinTel Connect report sheds light on consumer behavior, marketing…
If you were thinking of subscribing to any of the Premium Services, please note that both Webinars and Video Updates will be on hold next week and will resume with the posting of the Weekly Outlook Video on Sunday, August 11th. Put Yourself in a Condition to Succeed Nobody has a crystal ball but it…
Quiet Markets EA: A Comprehensive Review In the dynamic world of forex trading, automated trading systems, or Expert Advisors (EAs), have gained significant popularity for their ability to operate without human intervention, thereby potentially increasing efficiency and profitability. One such system that has caught the attention of traders is the Quiet Markets EA. This article…
USD: Looking expensive into the payrolls One can probably argue that the relatively cautious tone by the Federal Reserve this week will prevent markets from pricing in more than the current 75bp of cuts expected (25bp at each meeting) by year-end. Some decent action is however happening on longer tenors – i.e. the terminal rate…
The currency pair is preparing for the next upward rally.Sellers remain dominant in the market at the moment. USDJPY Weekly Price Analysis – August 2Today, the USDJPY is bearish. Meanwhile, the pair is preparing for the next uptrend as the current selling pressure is winding off gradually and will soon end. The price may soar…
Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current fall from 208.09 is in progress for 185.49 fibonacci level. On the upside, above 193.96 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture,…
Gold price started another increase and surpassed the $2,440 resistance. Crude oil is showing bearish signs and might decline below $75.00. Important Takeaways for Gold and Oil Prices Analysis Today · Gold price started a steady increase from the $2,420 zone against the US Dollar. · A key bullish trend line is forming with support…