Similar Posts
US Dollar gains momentum on trade optimism and bullish technical setup
The US Dollar is holding firm after its strongest daily gain since May, fueled by the US-EU trade agreement. The Dollar Index (DXY) is up over 2.0% in July, on pace for its first monthly gain since December. US JOLTS Job Openings fell to 7.437 million in June, below expectations, indicating a slow labor market…
GBP/USD Outlook: Pound Struggles as Safe-Haven Dollar Grinds Higher – Forex Crunch
GBP outlook stays pressured as investors turn to the US dollar for its safe-haven appeal. Traders look forward to BoE’s Huw Pill’s speech and FOMC minutes to gauge direction. Technically, the pair signals a bearish trend and trades around 1.3400. The GBP/USD outlook shows bearish bias, trading around 1.3400 since investors have fled to the…
Unemployment Rate declines to 4.2% in July vs. 4.2% expected
Australia’s Unemployment Rate dropped to 4.2% in July from 4.3% in June, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus of 4.2%. Furthermore, the Australian Employment Change arrived at 24.5K in July from 1K in June (revised from 2K), compared…
US SEC charges Mango Markets with offering unregistered crypto token By Reuters
(Reuters) – The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security. The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said. Jurors in federal court…
Alpha Trend Spotter PA Free MT4 Indicator – ForexMT4Indicators.com
The Alpha Trend Spotter PA is built to highlight bullish and bearish market phases with simple color-coded signals. It works by analyzing price action and applying a smooth trend-following algorithm to display the current trend clearly on your chart. Whether you’re trading forex, indices, or commodities, this indicator adapts to different assets and timeframes. For…
Bank of America Corp. $BAC Blue Box Area Offered A Buying Opportunity – Forex Market Analysis – ForexCycle.com
Hello everyone! In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 05, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 7 Swings WXY…
