GBP/USD tumbles 0.14% due to disappointing UK employment data. Technical outlook shows neutral bias with momentum fading, consolidating between 1.2687-1.2750. A hawkish Fed could push GBP/USD below 1.2687, targeting 1.2643/37 and 1.2600; resistance at 1.2750 and 1.2800. The GBP/USD dropped during the North American session after employment data from the UK was weaker than expected,
Month: June 2024
The USDCHF trade in a narrow range to start the North American session (only about 24 pips which is less than half of what is normal) however the price is back above its 200 hour moving out at 0.89641. If the price can stay above that level and then extend above the 38.2% retracement of
The major US stock indices opening a lower. The small-cap Russell 2000 is leading the way with a decline of near 1%. The S&P and NASDAQ indices both closed at record levels yesterday, and both are trading lower in early US trading. A snapshot five minutes into the open is showing: Dow Industrial Average was
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand
Euro continues to be under significant pressure due to increasing political uncertainty in France. President Emmanuel Macron’s call for a snap election has heightened fiscal consolidation risks, with Moody’s describing this development as “credit negative.” Investor confidence has further eroded following a poll suggesting the National Rally could significantly increase its seats in the upcoming
Salvage crews continue to work on removing debris from the Francis Scott Key Bridge collapse after it was struck by the container ship Dali, now docked at Seagirt Marine Terminal in Baltimore. (Jerry Jackson/Baltimore Sun/Tribune News Service via Getty Images) Jerry Jackson | Baltimore Sun | Getty Images The main passageway into the Baltimore port
Gold price attracts fresh sellers and is undermined by reduced Fed rate cut bets. political uncertainty in Europe and geopolitical risks should limit the downside. Traders also seem hesitant ahead of the US CPI and FOMC decision on Wednesday. Gold price (XAU/USD) meets with a fresh supply during the Asian session on Tuesday and erodes
The GBPUSD moved lower in the Asian and early morning European session, but stalled the fall after buyers leaned against a swing area between 1.2674 and 1.2685. The 38.2% retracement of the move up from the May 9 low is also in that area. The subsequent bounce has taken the price up to retest its
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
Oil prices rose on Monday, buoyed by hopes of rising fuel demand this summer, though gains were capped by a strengthening of the dollar on receding expectations of imminent cuts to U.S. interest rates. Goldman Sachs analysts expect Brent to rise to $86 a barrel in third quarter, saying in a report that solid summer
In holiday-thinned Asian trading today, Euro’s sharp decline was the focal point. Investors’ reaction to European Parliament election results was overwhelmingly negative. The far-right’s significant gains have sparked concerns, driving the common currency through key support level against both Sterling, and a near term support again Dollar. This technical development suggests further downside risks for
In this article FIVE Follow your favorite stocksCREATE FREE ACCOUNT A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018. Daniel Acker | Bloomberg | Getty Images While inflation is showing signs of easing, consumers in the country may still be feeling its effects for
The US Dollar rallies on all fronts, with antipodes as outliers. Markets are trembling with fear after the EU election result forced Macron to call for snap elections. The US Dollar Index pops above 105.00 and hits a fresh four-week high. The US Dollar (USD) edges higher and extends its rally on Monday following upbeat
In the kickstart FX trading video for June 10, I take a look at 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD is sharply lower as the markets reacted negatively to higher rates and the European elections. France’s Macron called a snap election of the parliament on the results which shifted
Major US stock indices open lower to start the trading week. Last week the major indices did advance rebounding from the declines in the previous week. Dow Industrial Average average rose 0.29% S&P index rose 1.32% NASDAQ index rose 2.38% The snapshot of the market today shows: Dow Industrial Average average is trading down 80
Gold prices on MCX for August futures contracts fell by Rs 3,400 in the last 20 days and opened at Rs 71,012 per 10 grams while MCX July silver contracts experienced a sharp decline of Rs 6,000 in the same time period to open at Rs 89,474 per kg. Gold dropped 3.7%, its largest decline
As US session begins, Euro continues to face significant downward pressure, largely influenced by political developments in France. The call for a snap election following the far-right National Rally party’s gains in the EU election has sparked concerns among investors, driving French 10-year yield to its highest level since November. Additionally, the spread between French
Samantha McCloud, 16, left, Victoria Garcia, 16, Jessel Rincon, 16, at college and career fair at Temple City High School on Saturday, Oct. 21, 2023 in Temple City, CA. Irfan Khan | Los Angeles Times | Getty Images After receiving a graduate degree, Julianna Larock was bombarded with news about the powerful labor market and
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