The USDCHF moved lower off of a spike high after the US jobs report on Friday. The price backed off into the close and move lower in trading yesterday. That move took the price to the high of the “Red Box” (see chart below) that confined the pair going back to August 20. Support buyers
Month: October 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 retreated from record high in the national capital on Tuesday, plunging Rs 400 to Rs 78,300 per 10 grams following fresh selling by stockists triggered by a bearish trend in the global markets. The precious metal had closed at an all-time level of Rs 78,700 per 10 grams on Monday, according to the
In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022. Beata Zawrzel | Nurphoto | Getty Images PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of
Short Term Elliott Wave View in GDX suggests the zigzag correction should find support towards extreme areas before resume higher to finish the impulse sequence from 5-August, 2024 low. It is showing higher high sequence in daily from September-2022 low and expect short term rally to continue against August-2024 low. Since 5-August, 2024 low, it
Japan’s verbal intervention re-entered the spotlight today as USD/JPY briefly surged above the 149 mark amid a quiet Asian session. Yen continues to face pressure from the strong rebound in Dollar, driven by traders abandoning bets on of a 50bps Fed rate cut in November. Additionally, rising US and European yields exacerbated Yen weakness. Japanese
The USDCAD has broken above the swing area between 1.3615 and 1.3622 (see earlier video). Earlier today, the price extended above its 200-day moving average at 1.36012, and then based against the moving average before moving higher. The buyers continue to push and are now looking toward the high price from September which came in
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
Mumbai: Investors would be better off staggering their purchases of gold over the next few months than buying lumpsum, said analysts. This is because the prices of the precious metal could witness some sharp pullbacks following the recent run-up in their value, they said. The longer-term bull market in gold however remains intact. “We expect
Mexican Peso slumps after hitting a low of 19.18, driven by risk-on sentiment favoring the US Dollar. Mexico’s economic docket highlights an increase in the Jobless Rate to 3.0%, with focus turning to upcoming inflation data and Banxico’s September meeting minutes. US Nonfarm Payrolls for September exceeded expectations last Friday, adding 254K jobs as the
Risk sentiment is a little bit subdued as US futures trade in the red ahead of North American session. Yen is recovering broadly, partly supported by Japan’s renewed verbal intervention efforts, with traders closely monitoring the possibility of action if USD/JPY breaches 150 psychological level. Swiss Franc and Dollar are also on the firmer side.
The week is off and running. What technical levels are in play for the 3 major currency pairs for today/for the trading week? In this video, I outline and explain where traders should focus not only today, but also as the week progresses. EURUSD: The EURUSD moved sharply lower last week and culminated with the
The reports of an ‘imminent’ attack from Israel on Iran have been doing the rounds for days now but they’re coming even faster today. That could be because it’s Monday and everyone is back watching or it could be enough smoke to signal fire. Today is also the one-year anniversary of the Oct 7 music
Gold prices appreciated by Rs 250 to hit a fresh all-time high of Rs 78,700 per 10 grams on Monday on account of consistent buying support from jewellers and firm trends in the overseas markets. The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday. However, silver declined
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ARISTOCRAT LEISURE LIMITED – ALL. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher. ASX: Aristocrat Leisure Limited – One-day chart Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave (v)-orange of Wave ((v))-navy. Details: Wave (iv)-orange probably ended
The AUDUSD moved sharply lower in US trading today on the back of the stronger US jobs report. The move lower took the price below the 38.2% retracement of the move up from the September 11 low at 0.6819 and also the rising 100 bar moving average on the 4-hour chart at 0.6823. On the
Trump spoke on Sunday, said he would place up to 200% tariffs on vehicles imported from Mexico. The big 3 US auto makers all have plants building cars for the US market in Mexico. Trump had previously promised 100% tariffs on imported cars and trucks. But on Sunday ratcheted this up to 200%: “We’ll put
Gold held steady on Thursday, as traders focused on developments in the Middle East conflict and anticipated key U.S. economic data that may provide clues about the rate cuts expected later in the year. FUNDAMENTALS * Spot gold was steady at $2,659.05 per ounce, as of 0034 GMT. * U.S. gold futures rose 0.4% to
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