USDJPY prepares to finish the week with gains of more than 1%. Even though the USDJPY plunged towards 137.50s, the bias remains upward. USDJPY Price Analysis: Break below 137.50, a fall to the 200-DMA is on the cards; otherwise, the 100-DMA is eyed. The USDJPY is set to finish the week almost flat, dropping in
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Native cryptocurrencies turned out to be the biggest factor contributing to the demise of numerous exchanges and ecosystems this year, most recently during the FTX collapse. Korea’s financial authority, Korea Financial Intelligence Unit (KoFIU), took notice of the same as it launched a probe into crypto exchanges in relation to listing their in-house, self-issued tokens.
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 for the week at 0.6797. On Wednesday when that
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Gold was headed for a weekly fall on Friday as the recent rally fizzled after several U.S. Federal Reserve officials suggested that interest rates would continue to rise, pouring cold water on market expectations that the U.S. central bank would pivot. FUNDAMENTALS * Spot gold was steady at $1,761.29 per ounce, as of 0017 GMT.
Federal Reserve officials’ hawkish commentary bolstered the US Dollar, except against the New Zealand Dollar. US Existing Home Sales tanked, flashing an upcoming recession in the United States. Reserve Bank of New Zealand’s upcoming monetary policy meeting would determine NZDUSD direction The New Zealand Dollar (NZD) regained composure and finished the week up by 0.50%
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The USDCHF lost value over the last 4 weeks and that momentum continued in the early part of the week. The price moved below the August low at 0.9370, completing an up and down lap that saw the price move up to an October high at 1.0148 and a retest of that high just two
The US indices are closing higher on the day. The Dow was near unchanged for the week. The S&P and Nasdaq fell. The near closing levels are showing: Dow rose 200.07 points or +0.60% at 33745.90 S&P rose 18.94 points or 0.48% at 3965.43 Nasdaq rose 1.11 points or 0.01% at 11146.07 Russell 2000 rose
gross domestic product (GDP) and employment. Thus it’s a key factor for the lifeline of our Indian population and economy’s overall productivity. 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 Gross Value
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
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
The S&P index is trading nearer the low for the day and currently near unchanged on the day. The high for the day took the index up 33.34 points. The low took the index down -10.57 points. The current price is at 3945.85 that is down -0.70 points or -0.02%. Looking at the daily chart,
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
London copper prices were on course for a drop this week, amid concerns over the outlook for global demand and as hawkish remarks from US Federal Reserve officials sent the dollar higher. The dollar was set for a weekly gain, after comments from Fed officials dashed investors’ hopes for less aggressive monetary policy and weighed
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