In this video, I take a technical look at the EURUSD, USDJPY and the GBPUSD. EURUSD: The EURUSD is moving to a new session lows and in the process moving away from its 100-day moving average of 1.08068. Stay below is more bearish. The price is entering into a swing area between 1.0773 and 1.0789.
Month: August 2023
USDJPY up 66 pips USD/JPY is breaking out and the dollar is breaking out more broadly. Treasury yields fell in Asia and early in Europe but they have turned higher now with 10s at 4.22% from a low of 4.17%. That has set off significant moves throughout the forex market, with the dollar gaining 20-40
Euro is trading lower across the board today, additionally dragged down by weaker-than-expected consumer sentiment data out of Germany. This latest indicator has added fuel to concerns that Eurozone’s largest economy may become a drag on the broader region, heightening risk of a looming recession. Meanwhile, Dollar and Swiss Franc also demonstrated weakness, but this
In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago
Share: USD/JPY prints the first daily loss in four despite lacking downside momentum of late. Japan government report cites ‘inflection point’ in 25-year battle with deflation, teases BoJ hawks amid softer yields. Downbeat Japan employment data, mixed concerns about inflation keep Yen pair buyers hopeful. US CB Consumer Confidence, yields eyed for fresh impulse. USD/JPY
Oil rose on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen demand. China halved stamp duty on stock trading in its latest attempt to boost struggling markets. The market is also keeping an
The quick rise in the US real yields and the US Dollar in August weighed a lot on Gold and the yellow metal sold off with very shallow pullbacks along the way. Recently, the less hawkish comments from Fed members and the miss in the US PMIs gave Gold some support as the Treasury yields
British Retail Consortium (BRC) data for UK shop price inflation has dropped to a 10-month low in August. Annual shop price inflation 6.9% from 7.6% y/y in July +0.5% m/m “These figures would have been lower still had the government not increased alcohol duties earlier this month,” BRC Chief Executive Helen Dickinson said. The BRC’s
Trading in the forex market today saw a tempered tone, with most major currencies trading in a tight range due to a sparse economic calendar. An early uplift in market sentiment was observed, largely attributed to China’s strategic moves aimed at boosting investor confidence. This positive wave continued into the early US trading hours, though
Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on Chinese tax cuts. BTC/USD 1-hour chart. Source: TradingView BTC price 200-week EMA stands out as support Data from Cointelegraph Markets Pro and TradingView followed a BTC price uptick into the day’s Wall Street open. BTC/USD managed $26,226, marking its highest
Share: USD/JPY surges to a new YTD high of 146.68, buoyed by Wall Street’s upbeat opening and dovish comments from BoJ Governor Kazuo Ueda. Despite a dip in US 10-year Treasury yields, the pair maintains its bullish momentum, reflecting the Fed’s hawkish stance on further tightening. A packed economic calendar could introduce volatility, including key
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Gold prices declined Rs 50 to Rs 59,550 per 10 grams in the national capital on Monday amid a fall in precious metal prices globally, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 59,600 per 10 grams. However, silver remained flat at Rs 76,500 per kg. In the
Last week was the Jackson Hole Symposium week and we have heard from many Fed members about their opinions on the momentary policy going forward. There seems to be a consensus for a pause in September as they try to “carefully” assess the lag effects of their tightening to date. Nonetheless, they are ready to
Headlines: Markets: AUD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields flat at 4.239% Gold flat at $1,914.73 WTI crude down 0.2% to $79.70 Bitcoin down 0.3% to $25,951 It was a quiet session with London out on holiday today, so there wasn’t much to work
Asian equities witnessed an upswing today, buoyed by China’s announcement of several initiatives aimed at enticing investors back into the market. Among these measures, the decision to trim the stamp duty on stock transactions and a more gradual roll-out of initial public offerings captured investors’ attention. Adding to the positive sentiment was the unexpected move
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