Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support
Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support Gold (XAU/USD) faced fresh selling pressure on Monday, dropping to a daily low of around $2,640 as the European session approached. The US Dollar (USD) remains near a seven-week high, bolstered by traders adjusting expectations for a large interest rate cut […]
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September The USD/CAD pair is experiencing selling pressure around the 1.3510 level on Monday during Asian trading hours. The US Dollar (USD) is edging lower after Federal Reserve (Fed) Chair Jerome Powell indicated that the time for interest rate cuts may be […]
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction Following three consecutive inflation reports that exceeded expectations, Federal Reserve officials have become increasingly cautious about the likelihood of interest rate cuts this year. As they conclude their latest policy meeting on Wednesday, the focus is on whether they will continue to anticipate any […]
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth In China, new bank lending in February experienced a sharper decline than anticipated from a record high in January, as the central bank continues efforts to stimulate the country’s sluggish economic growth and counter deflationary trends. According to Reuters’ calculations based on […]
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields In recent developments during the Asian trading session, West Texas Intermediate (WTI) crude oil prices are trending upwards, nearing the $73.00 mark per barrel. This increase is largely attributed to a combination of geopolitical tensions and supply disruptions in key oil-producing regions. […]
How to Make a Cryptocurrency Trading Plan
How to Make a Cryptocurrency Trading Plan If you’re considering venturing into the world of cryptocurrency trading, having a well-structured plan is paramount. Similarly to trading traditional Forex products, navigating cryptocurrencies requires a strategic and disciplined approach. Therefore, in this article, we’ll guide you through the essential steps of crafting a robust cryptocurrency trading plan. […]
US Dollar Index: DXY surpasses 103.00 amid Fed forecasts and China Concerns pre-US data
US Dollar Index: DXY surpasses 103.00 amid Fed forecasts and China Concerns pre-US data The US Dollar Index (DXY) oscillates near a weekly high of around 103.40, as market participants anticipate key US data and risk factors that could sustain the bullish trend of the DXY during Thursday’s early Asian session. The index maintains its […]
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited The Australian Dollar (AUD) is approaching 0.6680 against the US Dollar (USD), indicating a correction during the Asian trading period. This shift occurs as investors adopt a cautious stance in anticipation of the Federal Open Market Committee (FOMC) minutes and data on the US […]
Hopes of Interest Rate Peak Propel European Stocks Higher
Hopes of Interest Rate Peak Propel European Stocks Higher Optimism over a possible peak in interest rates has given European stocks a slight boost. On Tuesday, minor gains were noted across the European stock market due to traders’ anticipation that central banks would avoid triggering a recession by excessively hiking interest rates in their effort […]
Currency Pair of the Week: GBP/USD
Currency Pair of the Week: GBP/USD GBP/USD is one of the most popular pairs to discuss over the last month. When Chancellor Kwasi Kwarteng announced the plans for Prime Minister Truss’s new mini-budget program, markets were concerned as to where the money would come to fund it. The Bank of England had been slowly raising […]
Upcoming Market Updates: NZD, JPY, AUD, GBP, EUR, USD
Upcoming Market Updates: NZD, JPY, AUD, GBP, EUR, USD NZD: PPI Input q/q, It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer. NZD: PPI Output q/q, it measures Change in the price of goods sold by manufacturers. JPY: Core […]
Upcoming Market Updates : AUD, CAD, GBP, EUR, USD
Upcoming Market Updates : AUD, CAD, GBP, EUR, USD AUD: RBA Gov Lowe Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future […]
What a bear market means for traders
What a bear market means for traders Beginning From 2022, global stock suffered very badly after the pandemic. The market was running in straight line for twenty months. Financial market cracks began to appear in November 2021 NASDAQ fell after nothing a succession of record high. S&P 500 had registered many high records. Since then […]
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP AUD: AIG Services Index, it measures level of a diffusion index based on surveyed service-based companies. AUD: Trade Balance, it measures difference in value between imported and exported goods and services during the reported month. JPY: 30-y Bond Auction, it measures average yield on a 30-year bond […]
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target Despite the bearish opening gap on Monday, the EUR/JPY has been following the primary component of Dow Theory by remaining above Friday’s low of 128.73. The cross continues to form the higher high and higher low structure, but […]
Wall Street closes lower after a volatile day as investors seek earnings
Wall Street closes lower after a volatile day as investors seek earnings Investors contrasted Bank of America’s upbeat earnings with skyrocketing bond yields ahead of more earnings clues this week, and U.S. stocks closed lower on Monday after flip-flopping during afternoon trade. Market investors are bracing for a flurry of earnings reports that will help […]
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives On Thursday night, U.S. stock futures were barely changed after the main averages made a late-day recovery as investors assessed the chances of the Federal Reserve tightening monetary policy to battle inflation. Futures for the Dow Jones Industrial Average […]
Existing home sales in the United States are increasing, with investors pushing out first-time buyers
Existing home sales in the United States are increasing, with investors pushing out first-time buyers Although home sales in the United States unexpectedly increased in January, investors paying in cash are pushing first-time buyers out of the market due to record low inventory and higher prices. The National Association of Realtors reported a surge in […]