EUR/GBP rises past the 50-day SMA of 0.8359, setting sights on the 0.8400 resistance. If breached, next key levels include the 100-day SMA at 0.8413, October 31 high of 0.8448. Downside risks remain; a dip below 0.8359 could see consolidation or a retest of the 0.8260 level. The EUR/GBP extended its gains for the fourth
Month: November 2024
The forex markets remain subdued in Asian session, with all major pairs and crosses confined within yesterday’s tight ranges, and many still constrained within last week’s bounds. Among the majors, Australian Dollar is showing slight strength supported by hawkish RBA minutes, followed by Swiss Franc and Canadian Dollar. Meanwhile, Japanese Yen lags as the weakest
Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need
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
ETMarkets.com| Nov 19, 2024, 04:05:43 PM IST 1/7 New Highs Indian benchmark equity indices traded higher on Tuesday, with analysts attributing the rise to a short-term relief rally after a wide swathe of shares, including the benchmarks, slipped into correction territory in recent sessions. Meanwhile, six small and midcap stocks from the Nifty 500 index
A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Germany’s Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged “gloomy volume” expectations and
The Australian Dollar holds its position as the RBA Minutes highlight the need for restrictive monetary policy. RBA Board members also emphasized that “nothing can be ruled in or out” regarding future monetary policy adjustments. The US Dollar may appreciate as the incoming Trump administration is expected to prioritize tax cuts and impose higher tariffs. The
The forex markets are largely consolidating today, with no major developments to drive decisive moves. Euro is showing some recovery, but the uptick appears more like a corrective bounce than a reversal. Sterling and Swiss Franc are following similar patterns, with modest strength lacking the momentum needed for sustained gains. This cautious tone is evident
The AUDUSD – like other pairs vs the USD today – has moved sharply lower over the last 6 /7 trading days, over that period, the high price on November 7 reached 0.6687. The low price on Thursday last week reached 0.64402. At the high, the price stalled just ahead of the 100 day MA.
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
Written by , ETMarkets.com| Nov 18, 2024, 08:43:07 PM IST 1/6 Stock Ideas Indian headline indices ended in the red for the seventh straight session on Monday amid volatility. The declines were on the back of significant selling pressure in IT stocks after the Federal Reserve Chair Jerome Powell indicated that strong US economic growth would
The Greenback goes nowhere after a rather soft start in Asia on Monday. All eyes are on geopolitics after the Biden Administration delivered the green light for Ukraine to use long-range US missiles for targets in Russia. The US Dollar index holds ground above 106.50 for now while the economic calendar is rather flat for this Monday.
Yen weakened broadly during the Asian session today, as traders expressed disappointment with BoJ Governor Kazuo Ueda’s remarks. Ueda repeated familiar stances on monetary policy but refrained from offering any signals regarding a December rate hike. This lack of clarity left markets unimpressed. However, the currency’s losses have been modest so far, with its direction
Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need
Gold is up over 1% on the day and starting to close back in on testing the $2,600 mark once more. The bounce here comes as the precious metal looks to snap a run of six straight days of losses, after having ran into a test of its 100-day moving average (red line) last week:
Written by , ETMarkets.com| Nov 18, 2024, 03:42:35 PM IST 1/10 Cherry-Picking Winners In October 2024, mutual funds (MFs) remained optimistic about Indian equities, reflected in their net investments of around Rs 90,770 crore. An analysis by ETMarkets identified 9 stocks that were included in the portfolios of over 20 MF schemes in October 2024, marking
In this article HD Follow your favorite stocksCREATE FREE ACCOUNT Home Depot‘s quarterly sales rose more than 6% year over year, as it folded in a newly acquired business and hurricane-related repairs and better weather in many parts of the country boosted demand for home improvement supplies, the company said Tuesday. The retailer also raised
The Australian Dollar recovers its recent losses due to the hawkish RBA. Australia’s 10-year government bond yield eased to near 4.66%, pulling back from a one-year high. The US Dollar may appreciate following hawkish comments from Fed officials. The Australian Dollar (AUD) extends its gains for a second consecutive session on Monday, supported by hawkish
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