EUR/JPY finds support at Ichimoku cloud bottom, trading capped at upper edge at 161.45. Bearish momentum noted; faces resistance at 161.00 and 50-day SMA at 161.75. Decline below Ichimoku cloud could test deeper supports at 156.16 and 154.39. The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday. Key quotes (via Reuters) China’s economic operations were generally steady in 2024. The impact from the external environment changes is deepening. Domestic demand is insufficient. Economic operations still
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Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025. Mario Anzuoni | Reuters Climate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday. In a voluminous study covering 2018-22 and including some data beyond that, the department found
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In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024.  Cyril Marcilhacy | Bloomberg | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. Here’s
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Yen’s near term rebound gained momentum again today, supported by BOJ Governor Kazuo Ueda’s persistent messaging about a potential rate hike at next week’s policy meeting. Ueda’s repeated remarks are interpreted as laying the groundwork for markets to brace for a monetary policy shift. While recent polls as of last week indicated only a minority
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TradeCompass for AUD Futures Analysis (6A, March 2025 Contract) – January 17, 2025 Current Context: Current Price: 0.6213 Bullish Threshold: 0.62370 This level is just above today’s highest VWAP point and slightly above the 1st upper standard deviation of yesterday’s VWAP. Bearish Threshold: 0.62175 The price is currently trading just below this level, confirming a
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