Risk trades and the dollar wait on the bond market reaction to the Fed US futures are keeping flat, with the dollar mostly little changed across the board as narrower ranges continue to prevail for the time being. EUR/USD is resting close to 1.1900 and trading within a 15 pips range to start European morning
NEW DELHI: Gold and silver futures were trading flat on Wednesday as the dollar stood firm, with investors eyeing the outcome of the US Federal Reserve’s two-day meeting for its outlook on the economy. A spate of volatility in money markets has stoked speculation that the US central bank may be forced into a technical
The markets continues to trade in non-committal way as traders await Fed’s comments on treasury yields. Swiss Franc is currently the strongest one for the week, thanks to yesterday’s rally. But there is no follow through buying so far. Canadian Dollar is following closely as the second strongest. Euro, on the other hand, is the
A contractor works on a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 8, 2021. Luke Sharrett | Bloomberg | Getty Images A monthly index measuring homebuilder confidence in the single-family housing market fell, as builders face rising interest rates and rising costs for materials, especially lumber. The
Agricultural prices are currently trading near multi-year highs, but strategists at Capital Economics doubt that a supercycle is underway or will occur anytime soon. Instead, agricultural prices will fall over both the short and longer term as demand growth wanes and supply holds up well. Key quotes “Agricultural prices have rallied since the middle of
Polkadot (DOT) has emerged as one of the top-choice blockchain networks over the past year thanks to its focus on facilitating interoperability between separate networks, especially Ethereum (ETH). As a result of Polkadot’s rise to prominence, projects that have embraced the concept of interoperability and joined the Polkadot ecosystem have seen a boost in their
👇 SUBSCRIBE TO MY NEW FOREXVISIT CRYPTO YOUTUBE CHANNEL NOW 👇 https://www.youtube.com/channel/UCbH1vfRbZEbsBNkm8tv6Q-g 👇 SUBSCRIBE TO FOREXVISIT YOUTUBE CHANNEL NOW 👇 https://www.youtube.com/c/ForexVisit If you want more Actionable Forex Premium Strategies, Go to:- https://forexvisit.com/courses/a-to-z-advance-price-action-course/ For Premium Signals- https://forexvisit.com/go-premium/ Visit- https://forexvisit.com Reversal Patterns Simple Price Action | Forex Trading | Most Accurate Trading System Subscribe to my Channel
Hey y’all! Here is the link to my prop firm if you want to trade with more capital http://www.forextips101.com/funding-talent Let me know what other topics you want me to cover this month! I’m so excited to be back on Youtube. I’ll link the momentum video here as well. https://youtu.be/MUvKmQaVGRk
Break to the upside fails The EURUSD and move lower after the retail sales report. The EURGBP is also pushing back to the downside after earlier gains. Looking at the hourly chart, the price of the pair broke above a topside trendline in the 200 and 100 hour MAs after waffling up and down for most of Monday’s trade.
There goes a bi-partisan deal In Democrat dreamland they would limit tax increases to pay for a comprehensive infrastructure bill with some green initiatives in it. The GOP could have dragged out a process before balking but it appears they’re digging in their heels right away. It sounds like they’re trying to position themselves as
NEW YORK: Oil prices fell for a third day on Tuesday, as Germany, France and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand. Brent was down 59 cents, or 0.9%, to $68.29 a barrel by 12:52 p.m. EDT (1652 GMT). US crude fell 75 cents, or
There isn’t really a clear direction in the currency markets today. Sterling’s selloff in European session quickly faded. Focus is turning to Yen and Swiss Franc rebound in early US session. Weakness in treasury yield is a factor driving the changes. Japan 10-year JGB yield closed back blow 0.1% handle while Germany 10-year yield is
Just over a year since Covid-19 turned the world upside down, investors are starting to get over it. For the first time since the pandemic hit, respondents to the Bank of America Fund Manager Survey said the market faces bigger worries. Inflation now has become the biggest “tail risk,” or outlier event, that could cause
GBP/CAD bulls looking for hourly support to hold and resistance to break. Bulls can target a 38.2% Fibo of the weekly bearish run and 4-hour resistance first. GBP/CAD is stalling on the downside. There are prospects for a significant correction within the current monthly bearish candle and three consecutive weeks of bearish closes. The following is a
The GBPUSD moves below 200 hour ma, trend line but finds support at swing area Earlier in the day, the GBPUSD was finding support buyers near the 200 hour MA. However, if broken, the downside was vulnerable. I wrote: That 200 hour moving average will be a barometer for buyers and sellers going forward on the downside.
Calmer tones stay the course in early trades German DAX futures +0.3% UK FTSE futures +0.5% Spanish IBEX futures +0.4% European equities are largely brushing aside worries from the AstraZeneca vaccine and problems with the overall vaccine rollout in the region. As things stand, broader market sentiment is still the key overriding factor – for
By Tapan Patel Commodity prices traded mixed on Tuesday continuing the trend from the previous session as the bullion prices continued upside extending the previous week’s rally while crude oil prices traded lower on demand growth concerns. Base metals witnessed mixed trade amid China pollution curbs and policy tightening. Here is a look at how
Markets remain cautious overall. While DOW and S&P 500 hit new record highs overnight, the gains were just modest. Gold and WTI oil are also both stuck in tight range, awaiting breakout. In the currency markets, Sterling is apparently under some pressure from cross selling against other European majors. Euro and Swiss are currently the