Tag: Market volatility

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USD/JPY Forex Analysis: Heading Towards Danger Zone

USD/JPY bulls are taking big risks. The pair has been on the rise for seven consecutive days following a strong US services PMI report....
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UK Election Turmoil and Mixed Data Weigh on Pound Sterling

The recent data coming out of the United Kingdom has painted a mixed picture of the economy, leading to some turmoil for the Pound...
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Eurozone PMI Data Causes EUR/USD Drop Below 1.0700

EUR/USD faced a significant drop to 1.0670 as a result of the weak preliminary Eurozone PMI data for June and the strong performance of...
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US Dollar Strengthens as Treasury Yields Rise amid Weak Data

The US Dollar gained strength on Thursday as US Treasury yields rose, boosting the Dollar Index (DXY). Despite weak data, including a decrease in...
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Swiss National Bank Chairman Jordan Discusses Two-Way FX Intervention | Forexlive

The Chairman of the Swiss National Bank, Thomas Jordan, recently discussed the impact of the appreciation of the Swiss franc on monetary conditions. He...
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Forex Market Update: Focus Shifts Across the Channel

The foreign exchange market traded without much movement on Tuesday as investors were focused on the potential timing of Federal Reserve rate cuts. Coming...
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S&P 500 Technical Analysis: Path of Least Resistance to Upside

Last week, we received some positive news as both the CPI and PPI numbers came in lower than expected. This news is likely to...
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Are Bitcoin ETFs Gaining Traction Among Financial Advisors?

Bitcoin ETFs were seen as a way for financial advisors to introduce their clients to investing in bitcoin. However, after nearly six months since...
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UK Inflation and BoE Policy Push Pound Sterling Below 1.2700

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD...
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Is Trump the reason for record-breaking stock market highs?

The stock market hit record highs on Monday, with the Dow, S&P 500, Nasdaq, and Russell 2000 all reaching new peaks. Investors are excited...

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news-02072024-143122

XTIUSD Price Analysis: Bullish Momentum Building Towards Key Resistance Area

The XTIUSD price analysis shows that there is bullish momentum building towards a key resistance area. If a bearish scenario occurs, selling below 83.63...