Share: EUR/USD fades bounce off three-month low, renews intraday bottom of late. Divergence between Eurozone and US data joins stark difference of ECB vs. Fed talks to weigh on Euro pair. German Industrial Production, Final readings of EU Q2 GDP and mid-tier US employment data will decorate calendar. Fed talks will be in the spotlight
OpenAI and Microsoft have been named as the defendants in yet another class action lawsuit over their alleged use of web scraping techniques to obtain supposedly private data for the use of training ChatGPT and other associated artificial intelligence models. The most recent class action suit was filed on Sep. 5 in San Francisco by
Last week, Bitcoin jumped following the news that Greyscale won the lawsuit against the SEC as the D.C. court ruled that the SEC improperly rejected the Bitcoin spot ETF. This was seen as a positive news as Greyscale will have to reapply for a spot ETF but that an ETF is actually coming. The news
OIl daily Oil is getting harder to ignore, both as a macro factor and for its own sake. WTI settled up 85-cents today to $87.54. It’s another high settlement dating back to November. The breakout from the 2023 range has been confirmed now and the only question is where it tops out. Obviously with 9
Gold price declined by Rs 100 to Rs 60,200 per 10 gram in the national capital on Wednesday amid weak cues in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 gram. “Gold extended its fall on Wednesday, with spot gold prices (24 carats)
Dollar is enjoying another rally, further solidifying its position as the strongest currency for the week so far, following an upbeat ISM Services report that well exceeded market expectations. The data affirms services sector’s dominant role in driving US economy. Additionally, it highlighted a robust uptick in both employment and prices, arguing the specter of
Share: USD/CHF rose to monthly highs since July, towards 0.8920. ISM Services PMI from the US rose sharply in August. Hawkish bets on the Fed and rising US yields make the USD gain appeal. The USD/CHF’s bulls continue to gain momentum and rose towards the 0.8930 area, it highest level since early July. The USD
🔴 FREE DOWNLOAD TRADING SYSTEM: The Only Forex & Stocks TREND REVERSAL Trading Indicator You Will Ever Need BANK Support & Resistance Trading Strategy (Forex, Stock, and Crypto) Forex and Crypto “MORNING TRADE” Trading Strategy for Advanced Traders BEST OSCILLATOR Indicator – Williams %R Momentum Trading Strategy (Forex, Stock, and Crypto) ================================= (NO MORE MISTAKES)
Welcome to my free technical analysis course for Forex trading. This course will teach the basics of technical analysis and give you a technical analysis foundation. Part 1 of this series covers the basics of price action, including what price action is and why price action is essential for Forex trading. Learn more about me
In this video, you will learn the rules of scalping and how to become a better trader. Scalping trading can be hard so I decided to make a video discussing the secrets of scalping and how to become a better day trader or scalper!You will learn 10 scalping rules I have learned from 4 years
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly tight. Overall, the economic data
The dollar is in a good spot after yesterday’s advance, although sitting marginally lower so far today. The bond market selling is seeing a breather and that is helping with broader market sentiment – for now at least. There is some verbal intervention by Japan in trying to warn yen traders from going too far,
Gold traded in the red on Wednesday in the early trade with dollar shooting to a six month high level. The MCX October gold futures were trading down by Rs 58 or 0.10% from the Tuesday closing price at Rs 59,185 per 10 gram on the MCX while the December Silver futures were trading at
Forex markets have found a moment of stability in today’s Asian trading session, with Dollar taking a breather as it looks for fresh catalysts to continue this week’s rally. All eyes are now on the upcoming ISM Services data, which could prove pivotal for Dollar’s trajectory. Services sector has emerged as the main engine of
Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to gain and
The Regulated Liability Network (RLN) has completed its United Kingdom discovery phase and is prepared to proceed to a use case with retail central bank digital currency (CBDC), according to its latest report. The RLN project seeks to accommodate central bank, commercial bank and regulated non-bank transactions operating within “partitions” on a single network. The
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly tight. Overall, the economic data
Goldman Sachs asserts that despite a macroeconomic backdrop that generally supports a weaker dollar—namely, lower rate volatility, slowing yet solid U.S. growth, and positive risk sentiment—the risks look skewed towards a stronger dollar than most market participants anticipate. This is particularly true against major currencies like the JPY, CNY, and EUR. Key Points: Lower Rate