If I were to give a technical tilt for the AUDUSD, the bias is to the downside. Looking at the 4-hour chart, The price is now below the 200-hour moving average 0.65779 (green overlay line on the chart below). Bearish The price is also below the 50% midpoint of the move-up from the October load
Month: January 2024
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
Gold prices were steady on Wednesday as investors awaited U.S. economic data that could offer more clues on the Federal Reserve’s depth and scale of interest rate cuts.FUNDAMENTALS* Spot gold edged 0.1% lower to $2,027.39 per ounce by 0156 GMT. * U.S. gold futures, however, rose 0.1% to $2,028.40. * The dollar index hovered near
Yen weakened momentarily after BoJ left monetary policy unchanged as widely expected, but swiftly regained stability. This quick recovery underscores the market’s assessment that the conditions for a BoJ rate hike in April remain intact. This viewpoint is bolstered by unchanged CPI core-core forecast, which holds steady at 1.9% for the upcoming two fiscal years.
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is shown on one of the streaming giant’s Hollywood buildings in Los Angeles on July 12, 2023. Mike Blake | Reuters LOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday. The company’s performance has been an
Share: USD/MXN reversed after briefly testing the 200-Day Moving Average (DMA). Economists at Société Générale analyze the pair’s outlook. 17.42/17.55 likely to cap upside USD/MXN has resumed its decline after testing the trend line drawn since 2021 at 18.48 (now near 18.10). Recent attempt of rebound has faltered near 200-DMA (17.42/17.55). Daily MACD has started
The USDJPY moved lower after the Bank of Japan interest rate decision (no change) and statement/press conference. However, although the price was able to break below its key 100-day moving average at 147.557 and 61.8% retracement at 147.45, the price did find early buyers against its rising 200-day moving average (green line in the chart
The US dollar is at the best levels of the day as the euro and pound fall to the wayside. The bond market is offering the dollar some support with 2-year yields up 2.6 bps and 30s up 5.1 bps in a moderate bear steepener. Further pressure on yields could come from oil, which is
Oil prices fell on Tuesday, handing back some of the previous day’s gains, as traders weighed rising crude supply in Libya and Norway against production outages in the United States and geopolitical tensions. Brent crude futures were down 58 cents, or 0.72%, to $79.48 a barrel at 1441 GMT. U.S. West Texas Intermediate crude futures
Identifying a singular driving theme proves challenging In today’s forex market. Japanese Yen made an attempt to rebound following BoJ Governor Kazuo Ueda’s post-meeting press conference, where he hinted at the potential of a future rate hike. However, this rebound was short-lived, and Yen soon reverted to its familiar tight trading range, indicating that the
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. VCG | Getty Images Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue
Share: Gold price regains positive traction on Tuesday, though the upside potential seems limited. Geopolitical risks and China’s economic woes lend some support to the safe-haven XAU/USD. Reduced bets for an early rate cut by the Fed should cap any meaningful appreciating move. Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday
Bitcoin falls below $40000 The price of Bitcoin is trading to a new session low, and in the process, the price is breaking below the $40,000 level for the first time since December 4. The price is also falling below it 38.2% retracement of the move up from the September 12 low to the January
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
Gold prices were little changed on Tuesday, as traders cautioned to take position ahead of interest rate decisions from a number of central banks and a slew of economic data in the United States. FUNDAMENTALS* Spot gold edged 0.1% lower to $2,019.89 per ounce by 0154 GMT. * U.S. gold futures also fell 0.1% to
Asian markets highlights sharp divergence in trends today. Nikkei surged to new 34-year high, buoyed by last week’s record closes in US and bolstered by expectations that BoJ will maintain its negative interest rate policy in the this week’s meeting. Japanese stock market is also riding on the optimism that BoJ is not in a
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of
Share: The EUR/GBP records 0.20% losses standing at 0.8562. The ECB meets on Thursday, no policy change expected. Daily chart indicators present bearish sentiment: RSI indicates a negative slope in unfavorable territory with MACD’s rising red bars hinting at a selling momentum. On Monday’s session, the EUR/GBP pair was seen trading at the 0.8562 level,
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