Stretched USD decline nears key support levels amid extreme bearishness

Stretched USD decline nears key support levels amid extreme bearishness
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Stretched USD decline nears key support levels amid extreme bearishness
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Dollar strengthens as investors mull Trump tariff statements Source link
The twin deficit problem has returned to dominate discussions about the U.S. economy. Economists, investors, and policymakers are increasingly concerned about how the nation’s widening fiscal and trade gaps could affect long-term stability. The U.S. fiscal and trade deficits are now at levels unseen since the early 2000s, reigniting fears that the world’s largest economy…
TraditionData, the market data division of Tradition, has launched a new Japanese retail FX flow data product, providing market participants with unique, highfrequency insight into retail FX positioning and carry trade sentiment, sourced directly from one of Japan’s largest and most established retail FX brokers, Gaitame. The dataset delivers hourly and endofday aggregated flow and…
Bank of Canada’s Overnight Rate Slashed 50 Basis Points to 3.75% October 23, 2024 The overnight interest rate, which had been held at a peak 5.0% from July 2023 until this past June, was cut today by the Bank of Canada’s Governing Council by 50 basis basis points. This doubled the ante of 25 basis…
Wave (III) Set to Unfold as Chennai Petroleum Targets New Highs in the Next Bullish Cycle. Chennai Petroleum Corporation Ltd (NSE: CHENNPETRO) shows a strong long-term bullish setup on its monthly Elliott Wave chart. The price completed a clear five-wave advance, forming wave (I), followed by a deep correction in wave (II). This correction ended…
Economic data surprises, risk sentiment plot twists, and central bank speculations made for a busy trading week for the major currencies! Source link