The USDJPY – and all of the major currency pairs – is in a volatile up and down range. The earlier move in the US session was a move to the upside where the price stretched above the 50% of the January range at 130.989. However, the price ran into the topside trend line and
admin
This comes as tech continues to lead the downside, with Nasdaq futures down 1.2% and Dow futures down by 0.6% currently. The drop is also putting a drag on European indices, with the DAX and CAC 40 both also down by 0.6% on the session. There’s not much in European morning trade to have caused
Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth. Brent crude futures gained 59 cents, or 0.7%, to $86.72 per barrel by 0214 GMT after falling 2.3% in
Australian Dollar rises broadly today after strong CPI data supports continuation of tightening by RBA. On the other hand, New Zealand CPI didn’t accelerate as RBNZ projected, and markets are lowering their expectation on the terminal rate. Kiwi, thus falls broadly. Canadian Dollar is firm as focus turns to BoC rate decision, where a final
In this article ASML-NL Follow your favorite stocksCREATE FREE ACCOUNT Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year. ASML is one of the world’s most important companies in the chip supply chain. It
Gold price retreats from a nine-month high as bulls opt to take some profits off the table. Bets for smaller rate hikes by Federal Reserve weigh on US Dollar and should limit losses. Looming recession risk might further lend some support to the safe-haven precious metal. Gold price edges lower on Wednesday and moves away
A United States appeals court is set to hear the oral arguments relating to Grayscale Investment’s lawsuit against the Securities and Exchange Commission (SEC) over its decision to deny Grayscale’s Bitcoin (BTC) spot exchange-traded fund (ETF). According to a court motion filed on Jan. 23, both sides will present their arguments at the District of
The price of natural gas futures are trading sharply lower with the prices down close to 4% on the day. The move lower comes after the price tried to move above its 200 hour moving average (green line in the chart above) at $3.50. The high price reached $3.59 before rotating back to the downside.
The USD had another whippy day with the greenback moving lower, then up and then back down again. Overall, the dollar is ending higher vs the GBP, and CHF, lower vs the JPY, NZD, AUD and EUR and unchanged vs the CAD (ahead of the BOC rate decision tomorrow). Economically, the S&P/manufacturing PMI came in
Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and U.S. bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the market. Spot gold fell 0.2% to $1,927.35 per ounce by 10:20 a.m. ET (1520 GMT), after hitting its highest since
Sterling falls broadly today and poor PMI data indicates that recession is continuing in the UK. Comparatively, Eurozone PMIs argue that it might have escaped recession. For now, the Pound is the worst performer for the day, followed by Swiss Franc, and then Aussie. Yen is the strongest, trying to recover again, followed by Canadian
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft shares rose as much as 5% in extended trading on Tuesday after the company reported fiscal second-quarter earnings that topped analysts’ estimates. Here’s how the company did: related investing news Alphabet or Microsoft? Analysts predict which stock will come out on top Weizhen Tan
AUD/USD is aiming to print a fresh five-month high above 0.7060 ahead of Australian inflation. The USD Index has found an intermediate cushion around 101.50, however, the downside bias is still solid. A bullish momentum will be triggered after a jump by the RSI (14) into the bullish range of 60.00-80.00. The AUD/USD pair is
Private VIP community Members Room – https://bit.ly/3QUtU6H Solo Network Trading Courses: https://app.joinsolonetwork.com/ #1 Recommended Forex Broker W NO SPREADS: https://login.hankotrade.com/register?franchiseLead=NzMy SIGN UP WITH CHARTPRIME. http://www.chartprime.com/soloe Social Media Links: YT: https://www.youtube.com/c/chartprime Discord: https://discord.gg/chartprime SOCIAL MEDIA PLATFORMS Personal Instagram — http://www.instagram.com/therealsoloe Trading Instagram: http://www.instagarm.com/solonetwrk Solo E Website — http://soloe.me Risk Position calculator I use: https://bit.ly/3v4fqZq ————————————— In
Looking to make your Forex trading easier? Today I’m going to share a famous trading strategy that is an easy 4 hour Forex trading strategy. It’s talked about in Naked Forex by Walter Peters, and I’m going to break it down for you in this video. If you don’t want to be looking at charts
The 2-10 year spread moved below the 0.0% into negative territory back in July and it has been pretty much down since then. The spread is currently at -0.706 which is supposed to be a prelude to a recession. If the Fed overstays it’s welcome on the tightening side – it seems like they want
European indices opened with slight gains but have given that all back now as the early optimism fades. US futures have also moved lower and while I want to say that the PMI data today had a helping hand in that, I can only argue that the UK report was poorer than expected. The French
NEW DELHI: Having made five consecutive weekly gains on hopes of slower rate hikes by the US Federal Reserve, gold prices today hit a fresh all-time record high in India. On , February gold futures rose to Rs 57,099 per 10 grams. The yellow metal, treated as a haven asset during uncertain times, is up