Tag: Market trends

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USDCHF Technical Analysis: Approaching Key Resistance Level

The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps...
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AeroVironment FY2024 Earnings Report: Analyzing Switchblade Demand

AeroVironment, a military drone maker, recently released their full-year FY24 earnings report, exceeding expectations on both the top and bottom lines. The company experienced...
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USD/JPY Breaks Through 160.00 Barrier to Hit New Multi-Decade Highs

The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite...
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US Equities Surge to Close on Highs as Bulls Rally | Forexlive

The US stock market had a rocky start today, with equities falling early in the day. However, a late surge in buying activity, particularly...
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Gold Prices Decline as Strong US Yields Boost US Dollar

Gold prices took a hit on Wednesday as the US Dollar strengthened, driven by the surge in US Treasury yields, ahead of the upcoming...
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USD/CNH Forecast: Potential Break Above 7.3000 to Reach 7.3100 – UOB Group

The US Dollar (USD) is expected to increase in value according to analysts at UOB Group. However, they do not foresee the USD reaching...
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Gold Price Drops to One-Week Low as Fed Turns Hawkish, US Data in Focus

Gold price has been on a downward trend for the past two days, hitting a one-week low during the Asian session on Wednesday. This...
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EUR/USD Forecast: Latest Analysis and Updates – Action Forex

EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to...
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FX Option Expiries Analysis for June 25th 10am NY Cut | Forexlive

Foreign exchange trading can be risky, and it may not be suitable for all investors. It's important to understand the risks involved and to...
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Weekly USD Analysis: US Dollar Index and Euro to Dollar Forecast – Action Forex

This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push...

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news-05072024-142021

French Elections Round Two, Powell Testimony, and US CPI Preview –...

Traders are eagerly watching the outcome of the French election, with the far-right National Rally (RN) leading the first round but facing opposition from...