The USD/JPY pair has shown strength by breaking through the 158.20 resistance level. This has allowed the pair to rise towards the 159.20 resistance area, with the potential to reach the 160.00 level. The technical indicators, such as the 100 and 200 simple moving averages, are supporting this bullish movement. However, it is essential to
Strategies
As the global economy faces uncertainty and potential downturns, the Australian dollar’s trading relationship with the US dollar remains a crucial focus for investors and analysts. With key economic indicators like the Australian Monthly CPI Indicator and various PMI numbers on the horizon, the AUD/USD pair is poised for significant movement in the coming weeks.
The Nasdaq 100 (US Tech 100 mini on FXOpen) has recently faced some uncertainty in its price behaviour near the resistance level of 18,840. A decline in price was seen followed by a test of the former resistance at 18,250. This test showed aggressive demand, as indicated by the long lower shadow on the candle.
French Finance Minister Bruno Le Maire has issued a stark warning about the potential for a financial crisis if either the far-right or far-left political parties gain power. He emphasized that their heavy spending plans could lead to detrimental consequences for the economy. Market Volatility and Political Shocks Historical data shows a clear correlation between
The NZDUSD pair recently reached a peak of 0.6217 before retracting to 0.6170. Despite attempts to break through the resistance at 0.6220, the pair has struggled to maintain upward momentum. Looking at the daily chart, the Relative Strength Index (RSI) is currently at 56 and trending downwards, signaling a decrease in buying pressure. Additionally, the
In recent years, the financial technology industry has experienced a significant shift towards a more sustainable and grounded approach. As highlighted by industry executives and investors at the Money20/20 event in Amsterdam, there seems to be a consensus that the sector has reached a “bottom.” The days of reckless venture capital investments in startups with
The USD/CHF pair has shown remarkable stability in the face of the looming Federal Reserve policy decision. Traders are cautiously navigating the thin trading environment, with the pair hovering around 0.8950 during early European hours. This calmness can be attributed to investors adopting a wait-and-see approach as they anticipate the Fed’s interest rate decision on
GameStop shares took a steep nosedive, dropping over 14% on Monday, following a significant sell-off triggered by disappointing earnings and an underwhelming livestream by Keith Gill. The stock, which had already plummeted nearly 40% on Friday, hit a low of around $24 per share on Monday. The release of GameStop’s earnings report ahead of schedule
Recently, the USD/CHF pair has been trading near 0.8970, with the US Dollar showing signs of strength. This strength in the USD can be attributed to the diminishing Fed rate-cut expectations for the September meeting. The US Nonfarm Payrolls report for May indicated a robust labor demand and stronger-than-expected wage growth, leading to a shift
As investors gear up for the new trading week, the European political landscape is shrouded in uncertainty. The recent European Parliament elections have resulted in a significant gain for eurosceptic-nationalists, displacing liberals and greens. Additionally, President Emmanuel Macron’s decision to dissolve the French Parliament and call for early legislative elections has added to the instability
In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,
An unexpected increase in initial jobless claims has the potential to influence investor sentiments regarding a September Fed rate cut. This spike could signal weaker labor market conditions, impacting wage growth, disposable income, and consumer confidence. As a result, consumers may reduce spending, leading to a decrease in demand-driven inflationary pressures. A downturn in consumer
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