Share: Sterling moved out of consolidation in the later part of the New York morning and is finding demand at a daily support area on the charts. However, at 1.1900, the pair is remaining precariously close to recent trend lows ahead of Wednesday’s expected Fed 25bp hike. Read More… The Pound Sterling (GBP) struggles to
Gold prices struggled for direction in early Asian trading on Tuesday as traders braced for a widely anticipated rate hike along with monetary policy clues from the U.S. Federal Reserve over the next two days. FUNDAMENTALS * Spot gold rose 0.2% to $1,958.20 per ounce by 0119 GMT, while U.S. gold futures fell 0.1% to
Goldman Sachs has reduced its 2023 growth forecast for the euro zone due to weaker economic activity data. Economists, under the leadership of Sven Jari Stehn, now anticipate a growth rate of 0.4% for the region in 2023. That is down from 0.7% previously. The EURUSD moved into the next downside swing area between 1.1010
High yield 4.17% WI level at the time of the auction 4.166% Tail 0.4 basis points vs a six-month average of -0.7 basis points Bid to cover 2.60X versus six-month average of 2.54X Directs 22.13% versus six-month average of 17.9%. Indirects 64.38% versus six-month average of 70.7%. Dealers 13.49% versus six-month average of 11.4%. Auction
Euro falls broadly today following release of weaker than expected German Ifo business climate data, although losses remain somewhat contained for the moment. It appears traders are holding their bets in anticipation of the upcoming FOMC and ECB rate decisions. Further, with July drawing to a close and the markets in a characteristic summer lull,
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet will report second-quarter earnings after the close of regular trading on Tuesday. Here’s what Wall Street is expecting:
Want some of MY Trades? 👉 https://t.me/TWPVIPBot In this episode, I will explain Hacking the Forex Market for BIG Profits (AI Moving Average Strategy). I got a mysterious message last week from someone who told me they hacked the Forex Market. They showed me huge trading wins millions of dollars in profit and told me
Start your new career as a Forex Trader with a jumpstart from TradingOnramp.com
This is a daily forex forecast video in which I have discussed different finanacial instruments including gbpusd eurusd usdjpy usdcad nzdusd goldusd and some other pairs. I am a Technical forex trader and I use technical analysis tools to find the next possible move on any of the financial instrument I run the analysis. Technical
Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators. However, at least four of them are seen as potentially having a major impact on the industry (if passed) — given the attention from lawmakers and the
Share: Silver price gains traction and holds above $24.55 on Tuesday. XAG/USD holds below the 50- and 100-hour EMAs with a downward slope. Immediate resistance is seen at the $24.60-$24.65 zone; $24.30 acts as an initial support level. Silver Price (XAG/USD) recovers some lost ground and snaps three days of consecutive losses heading into the
Gold traded range bound in the early trade on Monday ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) which begins later in the day. The bias remained negative as the dollar index (DXY) was trading above the 101 mark and only strengthened in the last session leading to declines in bullion prices.
EURUSD trades to a new session low. The EURUSD is trading to a new set as low as the day comes toward a close. In the process, the price has dipped below the swing area between 1.1062 and 1.1075 bread see red numbered circles on the chart above. The next target on the downside comes
We’re seeing a steady start to the new day, with the PMI slump from yesterday not really impacting the risk mood all too much. In fact, outside of a sell down in the euro and pound, there wasn’t much of an outsized reaction. The focus this week remains on key central bank meetings, and we’re
As a typical Monday Asian session commences, activity in the financial markets is somewhat muted. Nikkei is displaying a notable rise, although this primarily reflects continuation of its recent flip-flopping pattern within an established range, indicative of ongoing consolidation. A similar pattern is observed across other major Asian markets as well. On the currency front,
Share: GBP/USD extends its downtrend to seven consecutive days amidst mixed economic data from the United States (US), while further deterioration in the United Kingdom (UK) economy paints a gloomy scenario as the Bank of England (BoE) struggles to curb high inflation. At the time of writing, the GBP/USD is trading at 1.2831 after reaching a high
Gold prices dropped by Rs 100 to Rs 60,350 per 10 grams in the national capital on Monday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 60,450 per 10 grams. Silver also declined by Rs 200 to Rs 77,000 per kilogramme. Gold eased on