Tag: Market trends

The US Dollar (USD) continues to show strength, with a potential test of the resistance at 162.00 on the horizon. If the USD manages to break above 162.00, the next level to keep an...

The Dow Jones Industrial Average (DJIA) experienced significant fluctuations on Monday as a result of key US data missing expectations. The US ISM Manufacturing Purchasing Managers Index (PMI) dropped to 48.5 in June, below...

The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points:In Japan, the Tankan Large Manufacturing...

This week in the forex market, there are several key events and data releases to keep an eye on. On Monday, we have important data coming out of China, Switzerland, and the US, including...

The Australian Dollar (AUD) saw a rise against the US Dollar following a decrease in US inflation in May. This unexpected reduction in inflation led to speculations of a possible dovish stance from the...

Dividend-paying stocks are a great way for investors to enhance their portfolios and increase returns. To find these stocks, it's important to look for companies with a history of consistent payments and strong financials....

GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum is evident in the market, indicators like the RSI and...

The USD/CAD pair has been on an upward trend for the fourth day in a row, reaching around 1.3710 during the European trading session on Friday. Investors are eagerly awaiting the release of the...

On June 28, 2024, various economic indicators were released, providing insights into different economies around the world.In Japan, the Tokyo Consumer Price Index (CPI) Year-on-Year (Y/Y) for June was reported at 2.20%. Additionally, the...

Gold prices surged as the US dollar weakened before the release of the PCE data. The price of gold rose by more than 1% following economic data that showed a softer US dollar and...

Federal Reserve's Bostic recently made predictions about interest rate cuts in the coming years. He mentioned that inflation is moving in the right direction and a rate cut in the fourth quarter is likely....

The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps keep interest rate expectations stable and supports risk sentiment, which...

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 a significant increase in sales in their Loitering Munition Systems...

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 concerns about potential intervention from Japanese authorities to support the...

The US stock market had a rocky start today, with equities falling early in the day. However, a late surge in buying activity, particularly in Nvidia, helped turn things around. Thanks to this strong...

Gold prices took a hit on Wednesday as the US Dollar strengthened, driven by the surge in US Treasury yields, ahead of the upcoming release of the Personal Consumption Expenditures (PCE) Price Index report...

The US Dollar (USD) is expected to increase in value according to analysts at UOB Group. However, they do not foresee the USD reaching the major resistance levels at 7.3000 and 7.3100.In the short-term...

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 drop can be attributed to comments made by Federal Reserve...

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 hold, leading to a potential further decline in the exchange...

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 carefully consider your investment objectives, experience level, and risk tolerance...

This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push back against market expectations of rate cuts this year and...

The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other major currencies. Market activity was relatively quiet, with investors lacking...

The EUR/USD pair saw a bounce on Monday as traders took profits from the previous week's fall. Despite weaker than expected German Ifo data, the single currency gained traction due to improving sentiment on...

The USD/JPY currency pair's daily forecast shows that the intraday bias is currently on the upside. The ongoing rally is expected to reach the 160.20 high, with a possibility of extending to the 100%...

The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices led to a slight hope among euro bulls that the...

Silver prices experienced a significant drop, falling 3.86% due to the influence of strong US Treasury bond yields and a robust US Dollar. The current trading price for silver stands at $29.53, marking a...

The GBP/USD pair continued to decline last week, falling from the short-term high of 1.2859 despite a temporary recovery. This week, the initial bias is towards further downside movement. If the key support-turned-resistance level...

The upcoming events for the week include various economic indicators from different countries. On Monday, we have the Bank of Japan releasing the Summary of Opinions and German IFO data. Tuesday will see the...

The New Zealand Dollar (NZD) versus the US Dollar (USD) pair experienced a three-day losing streak, closing the week on a negative note with the pair stabilizing at 0.6115. The outlook for NZD/USD continues...

The USD/JPY pair saw a significant increase last week, rising from 151.68 to 159.81, showing no clear signs of a peak yet. The initial bias for this week remains on the upside, with a...

Gold prices took a hit on Friday, dropping more than 1.70% as economic data from the United States led investors to rethink the possibility of fewer interest rate cuts by the Federal Reserve. The...

The week ended on a soft note for US equities, with key events and releases to watch in the upcoming week. Gold saw a short-lived rally before falling $40. MUFG predicts that the BOJ...

The Dollar gained strength due to recent activities by the European Central Bank, according to FX Strategist Francesco Pesole from ING. This was influenced by the surprise rate cut by the Swiss National Bank...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to carefully consider your investment objectives, experience level, and risk tolerance before engaging in such activities....

Eurozone's Purchasing Managers' Index (PMI) data for the month of June has raised concerns as both the Manufacturing and Services sectors experienced significant declines. The Manufacturing PMI dropped from 47.3 to 45.6, falling below...