As.the US session works toward the close, and the Asian-Pacific session looks to begin, what technical levels are in play for the major Asian-Pacific currency pairs including the USDJPY, the AUDUSD and the NZDUSD? This video outlines the bias-defining levels, the risks, and the targets for each of those currency pairs, and sets up traders
The US switches to daylight savings time at 2 am on Sunday, March 10. Clocks in the US will go forward one hour. What this means for those of us outside the US is we may (probably will) need to adjust starting and finishing times locally. For example, for those of us in Australia, taking
Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in the world’s top oil importer. Brent crude futures were down 58 cents or 0.7% to $82.38 a barrel by 1417 GMT, while U.S. West Texas Intermediate crude futures
Euro dips notably following ECB’s decision to maintain interest rates unchanged, coupled with downward revision in its inflation forecast. Specifically, ECB now anticipates that headline inflation will return to its target by 2025 and drop below 2% in 2026. However, the common currency found some footing during President Christine Lagarde’s press conference. Lagarde highlighted ECB’s
A workers stocks the shelves in a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty Images Job growth in the U.S. likely decelerated in February while still a long way from stall speed as companies continue to keep up demand for workers. When the Labor Department releases the nonfarm
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall
Share: Australian Dollar consolidates with a positive bias ahead of US Nonfarm Payrolls. Australia’s S&P/ASX 200 Index rose to new record highs, following a tech-led rally on Wall Street overnight. Fed Chair Powell reiterated that the central bank could initiate rate cuts at some point this year. The Australian Dollar (AUD) attempts to continue 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
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 has turned dearer by more than Rs 2,800 per 10 grams led by a six-session rally. The yellow metal hit a fresh 52-week high of Rs 65,525 on Thursday, surpassing a key resistance level of Rs 65,500 within hours of its opening. The recent surge in yellow metal in the domestic and international markets
Dollar fell sharply overnight and the broad-based decline extended into Asian session today. Some analysts attributed this selloff to Fed Chair Jerome Powell’s commentary during his Congressional testimony. Powell’s mention of needing “a little bit more data” before contemplating rate cuts has ignited a wave of speculation among investors and analysts alike, interpreting this statement
European Central Bank policymakers on Thursday lowered their annual inflation and growth forecasts, as they confirmed a widely expected hold of interest rates. Staff projections now see economic growth of 0.6% in 2024, from a previous forecast of 0.8%. They presented a more positive picture on inflation, with the forecast for the year brought to
In this article AEO Follow your favorite stocksCREATE FREE ACCOUNT A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94
Share: EUR/JPY plummets to 161.00 as the ECB keeps lending rates unchanged at 4.5% as expected. The ECB has revised down inflation forecasts and near-term growth projections. Investors see the BoJ exiting dovish rate stance sooner. The EUR/JPY pair witnesses an intense sell-off, falling to 161.00 in Thursday’s early New York session. The asset drops
The buyers have plowed into the AUDUSD today. The low to high trading range is around 90 pips which is near double the 22-day average (month of trading) of 47 pips. That range is the 4th largest for the year, and the largest since February 13. So it is something to shout about. The move
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 edged lower on Wednesday but held above the $2,100 an ounce level, after rising bets for a June U.S. interest rate cut propelled bullion to a record peak in the previous session, ahead of Federal Reserve Chair Jerome Powell’s testimony. FUNDAMENTALS * Spot gold edged down 0.2% at $2,124.46 per ounce, as of
Dollar is trading broadly lower as markets enter into US session, with minimal backing from Fed Chair Jerome Powell’s prepared remarks for his Congressional testimony. Instead, the currency’s weakest is accentuated by extended drop in treasury yields and slightly disappointing ADP private job data. Amidst this backdrop, Swiss Franc emerges as the only currency performing