Dow Jones – 27.08.2024 – Orbex Forex Trading Blog

Investing.com – The US dollar has had a difficult summer, dropping substantially during the month of August, but JPMorgan thinks those predicting the demise of the U.S. currency are getting ahead of themselves. At 06:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower…

By Analytical Department RoboForex GBP/USD traded at 1.3364 on Thursday. The pair declined over the previous two sessions and is now showing signs of a tentative recovery amid expectations of a possible de-escalation in the Middle East conflict. The US has reportedly presented Iran with a 15-point settlement plan following discussions about a potential month-long…

On Wednesday, the US stock markets rose confidently amid improved investor sentiment due to a possible resolution of the conflict with Iran and strong corporate earnings. By the end of the day, the Dow Jones (US30) increased by 1.24%. The S&P 500 (US500) rose by 1.46%. The Technology Index Nasdaq (US100) closed higher by 2.02%….

GBP/USD’s fall from 1.3867 extended lower last week but recovered after hitting 1.3432. Initial bias remains neutral this week first. Current development argues that it’s already correcting the whole rise from 1.2099. Risk will stay on the downside as long as 1.3711 resistance holds. Below 1.3432 will target 1.3342 support first. Firm break there will…

Foreign exchange markets exhibit a slightly more stable demeanor, yet implied volatility remains high. Market participants are keen to analyze the eurozone’s February Balance of Payments data and await the Bank of Canada’s interest rate announcement. Later in the day, Federal Reserve Chair Powell will deliver a speech, coinciding with the release of February data…