Upcoming Market Updates
Upcoming Market Updates : AUD,JPY,CHF,EUR,USD Time 01:30 AM GMT+3 AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 03:30 AM GMT+3 JYP: Final Manufacturing PMI, it measures level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. Time 04:00 AM GMT+3 AUD: MI […]
Could eBay’s fortunes shift on a dime as a result of Amazon’s poor performance?
Could Amazon’s bad performance cause eBay’s stocks to turn on a dime? Amazon’s (AMZN) first-quarter earnings miss and weaker-than-expected second-quarter outlook, released after the market closed on Thursday, could present an attractive investment opportunity in another retailer. I’m looking at eBay (EBAY) in particular. AMZN shares were down roughly 8.5 percent and eBay’s stocks […]
Wall Street closes strongly higher, with Meta and Apple leading the way
Wall Street closes strongly higher, with Meta and Apple leading the way On Thursday, Wall Street finished substantially higher. Meta Platforms released a good quarterly report and growth sectors and easing concerns about the US economy’s first-quarter loss. The parent company of Facebook jumped 17.6% as the social network posted higher-than-expected earnings and returned from […]
Breaking: EUR/USD cracks 1.0500, hits the lowest
Breaking: EUR/USD cracks 1.0500, hits the lowest CAD: BOC Gov Macklem 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 monetary policy. […]
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 […]
Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A
Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A In Asia on Thursday morning, gold was down, hitting a two-month low. The yellow metal’s demand was harmed by a rising dollar and the prospect of a rate hike in the United States weakened […]
GBP/USD/EUR Beats 14-Year Trend Line Resistance At 127.10/50
GBP/USD/EUR Beats 14-Year Trend Line Resistance At 127.10/50 GBP/USD stays weighty, flexing against the 1.30 support level. The pair is set to stay under pressure while underneath 1.3150, Financial analysts report. Support at 1.2980-1.30 still looks firm, support at 1.2980-1.30 still looks firm. Note that the pair has bombed on different occasions at 1.2980-1.30 since […]
AUD/JPY hits a bit of an air pocket, dollar dragged as a result
AUD/JPY hits a bit of an air pocket, dollar dragged as a result JPY: Trade Balance, it measures difference in value between imported and exported goods during the reported month. AUD: MI Leading Index m/m, it measures change in the level of a composite index based on 9 economic indicators. JPY: Tertiary Industry Activity m/m, […]
Despite timid drillers, US oil production is increasing
Despite timid drillers, US oil production is increasing A couple of recent predictions have predicted significant improvements in U.S. shale oil output this year, igniting confidence in an industry that has maintained a culture of discipline and caution for the past two years. According to the industry, caution will be the order of the day. […]
Gold is slipping lower, although it is holding up well in comparison to the USD’s recent highs
Gold is slipping lower, although it is holding up well in comparison to the USD’s recent highs So far, the gold price has remained unchanged for the day as markets consolidate the upward. The gold price is currently trading at $1,978 and has been in a tight range between $1,974.93 and $1,979.01 so far. […]
On the Ukraine situation worsens, oil prices climb due to supply concerns
On the Ukraine situation worsens, oil prices climb due to supply concerns Oil prices increased on Monday as fears of tighter global supply grew, with the developing crisis in Ukraine raising the risk of more penalties from the West against Russia, the world’s leading exporter. Brent futures were up $1.50, or 1.3 percent, at […]
EUR/USD Forecast: What’s next after testing?
EUR/USD Forecast: What’s next after testing? EUR: French Final CPI m/m, it measures change in the price of goods and services purchased by consumers. Forecast 1.4%. USD: Empire State Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers in New York state. Forecast 0.9 USD: Capacity Utilization Rate, it measures percentage […]
Crude oil falls, but it is on track for strong weekly gains
Crude oil falls, but it is on track for strong weekly gains After the revelation of a larger-than-expected rise in US oil stockpiles, oil prices dropped Thursday, giving back some of the week’s high gains in weak holiday-affected trade.US crude prices were 1.6 percent down at $102.62 per barrel, while Brent futures were 1.5 percent […]
XAU/USD Lacks Directional Conviction on Conflicting Market Forces
XAU/USD Lacks Directional Conviction on Conflicting Market Forces XAUUSD had gotten a ailment break of an earlier triangle pattern at $1,898. In any case, its advance can be tempered for the present by $2,001, the 61.8% Fibonacci retracement of the unpredictable March range of $2,070-$1,890. Bypassing $1,981 opens the entryway for a trial of the […]
Dollar Down, Below 100-Mark as U.S. Yields Ease
Dollar Down, Below 100-Mark as U.S. Yields Ease NZD: Performance of Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. AUD: MI Inflation Expectations, it measures Percentage that consumers expect the price of goods […]
NZD/USD higher after the larger than expected interest rate hike from the RBNZ
NZD/USD higher after the larger than expected interest rate hike from the RBNZ NZD: Food Price Index , It measures change in the price of food and food services purchased by households. JPY: Core Machinery Orders m/m, It measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding […]
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation On Tuesday, Wall Street reversed previous gains as the Federal Reserve’s expected monetary tightening dragged growth stocks back into negative territory. Early in the afternoon, all three main U.S. stock indexes turned negative, driven down by healthcare and financials. The reversal began […]
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict The Organization of Petroleum Exporting Countries (OPEC) lowered its prediction for global oil demand growth in 2022 on Tuesday, citing the impact of Russia’s invasion of Ukraine, growing inflation as crude prices rise, and the recurrence of the Omicron coronavirus variety in China. In […]