GBPUSD Weekly Forecast: Pound Sterling set to reclaim 200-DMA in the Thanksgiving week GBPUSD buyers remained unstoppable for the second straight week, despite a lack of bullish impetus from the highly-anticipated United Kingdom Autumn Budget. The Pound Sterling also stood resilient to the recent rebound in the US Dollar, as attention now turns toward the
EURUSD stays below 100 hour MA in the US session The EURUSD fell to a new low for the day taking out the early NY session low at 1.03255.The low just reached 1.03229. The US session high extended back toward the 100 hour MA. There were a couple of briefs look above the MA level
The CFTC net speculators position report for the current week (using closing positions on Tuesday) swings to new short in the USD for the first time since July 2021. EUR net longs rose to the largest position since June 2021. The EURUSD is trading marginally lower this week (-0.25%). Last week the index moved up
gross domestic product (GDP) and employment. Thus it’s a key factor for the lifeline of our Indian population and economy’s overall productivity. ET CONTRIBUTORS The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021- 22) in
The post-CPI selloff in Dollar and rally in US stocks faded last week, after Fed officials talked down the significance of just one data point. While the greenback still lacked momentum for sustainable recovery, selloff has at least slowed. The greenback ended the week mixed together with Euro. On the one hand New Zealand Dollar
Gold price struggled to build on the previous week’s impressive gains. XAUUSD needs to clear $1,780 to stretch higher, FXStreet’s Eren Sengezer reports. 200-day SMA at $1,800 aligns as significant resistance “The Relative Strength Index (RSI) indicator on the daily chart retreated modestly after having climbed above 70 earlier in the week, suggesting that the
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The price of WTI crude oil settled at $80.08 which is down -$1.56 on the day or -1.91%. The low for the day scooted to $77.24. That was the lowest level since September 28. The price is settling below the 100 week MA at $80.95. The last time the price of crude oil closed below
The NZD was the strongest and the CAD was the weakest of the major currencies to end the trading week. The USD was mostly higher with declines only vs the GBP and the NZD. The greenback moved the most vs the CAD at 0.47%. The dollar rose 0.43% vs the EUR. Of note late in
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” new FTX CEO John Ray III said in a legal filing on Thursday. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a
Oil prices rose on Friday as the dollar slipped but were headed for hefty weekly losses on expectations there will be no let-up in sharp U.S. interest rate hikes and the prospect of weaker demand from top oil importer China amid rising COVID-19 cases. Brent crude futures clawed back 67 cents, up 0.8% to $90.45
Positive market sentiment boosts Kiwi, Aussie higher but Canadian is lagging far behind as dragged down by falling oil prices. Sterling is also firm after mixed retail sales data. On the other hand, Swiss Franc and Dollar are following Loonie as the next worst performer for the data. But after all, the greenback are still
Economists at Credit Suisse no longer see a compelling reason for USDCAD to reach their 1.4100 target in Q4: they now lower it to 1.3500 and reset their target range from 1.3250-1.4300 to 1.3000-1.3650 for the remainder of the quarter. CAD is vulnerable to deteriorating global growth outlook “We now see fewer compelling reasons for
AUDUSD trades above and below the 100 day MA The AUDUSD has been trading above and below the 100 day MA over this week (see blue arrows). The week started with the pair consolidating the gains from last week and just hung around that MA level. On Tuesday, the price moved higher, reaching the high
Brent crude today touched as low as $85.80 but has since bounced to $87.17. It’s near the September low and that’s a big level with the OPEC meeting now three weeks away. The weakness in crude today is curious but likely reflects worries about covid lockdowns and some technical selling. The big question is what
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light. Nvidia stock rose 1% in extended trading. related investing news Pro Picks: Watch all of Thursday’s big stock calls on
New Delhi: Gold prices climbed to Rs 53,000 per 10 grams this week before retreating marginally. The yellow metal has been in demand lately, rising from Rs 50,000 per 10 grams in the last four weeks. After a Rs 3,000/10 gms rally, the yellow metal is marching towards its record highs of around Rs 56,200