Declining USD Amid Weaker Data Source: DailyFX Economic data for the US shows a notable decline. Economic growth is slowing, as indicated by the Atlanta Fed’s GDPNow forecast, which dropped from over 4% to a mere 1.8% for Q2. This follows a disappointing Q1 growth of 1.6%, far below the expected 2.5%. Source: DailyFX…
Investing.com– Asian stocks were a mixed bag on Wednesday as caution before more cues on interest rates kept investors to the sidelines, while Japanese markets fell sharply as strong wage data spurred fears of tighter monetary policy. Regional stocks tracked some strength on Wall Street following mild overnight gains, as a swathe of weak U.S….
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The Mega Trend MT4 Indicator is a custom tool designed for the MetaTrader 4 (MT4) trading platform. It caters to traders seeking to identify trends and capitalize on potentially lucrative market movements. This indicator, through a combination of technical analysis principles, aims to provide visual cues that suggest favorable entry and exit points for trades….
Gold prices experienced a decline following a 1 pe The post Gold prices fall as investors await US jobs data appeared first on ForexTV. Source link
UK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the extent to which complex regulations and red tape at the border have deterred firms from sending goods across the Channel. Exports of clothing and footwear sold to EU countries have fallen from £7.4bn in…
Hello Traders! Today, we will look at the 4H Elliott Wave structure of iShares 20+ Year Bond ETF ($TLT) and explain why the ETF should see more upside after pulling back in a Zig-Zag correction and reaching the Blue Box area. 5 Wave Impulse Structure + ABC correction $TLT 4H Elliott Wave View – June…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPAUD. In which, the rally from the 09 May 2024 low unfolded in a corrective sequence but provided an extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a…
Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It is based in Indianapolis, Indiana, US, comes under Healthcare sector & trades as “LLY” ticket at NYSE. As showing in the previous article from 4.08.2024, LLY expect short term upside towards $869.49 or higher levels to finish (3) of ((3)) in impulse…
FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a significant $24 billion tax dispute that has been looming over the exchange’s restructuring process. Initially, the IRS claimed FTX owed over $44 billion in taxes, but this amount has been substantially reduced as part of the settlement….