Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%

[ad_1] The Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%. In their own words The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.3 percent on October 27. The initial estimate of third-quarter real GDP growth released by the US Bureau

WTI Crude Oil grinding it out just below $85

[ad_1] Share: WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore. West Texas Intermediary (WT) Crude Oil barrels are seeing some tension in the midrange on Friday, in play between

Currency Pairs Correlation MT4 Indicator

[ad_1] In the world of forex trading, understanding the relationship between currency pairs can be the key to successful trading strategies. One valuable tool that traders often utilize to gain insights into these relationships is the Currency Pairs Correlation MT4 Indicator. In this article, we will delve into this indicator, its significance, and how it

Russell 2000 falls to the lowest since 2020

[ad_1] Weekly Russell 2000 If you needed another reminder that it’s been just tech — and mostly seven stocks — that have been carrying US equity markets, then here it is. The Russell 2000 just broke through the June 2022 low and is trading at the lowest levels since November 2020. If you go back

USD/CHF soars above the 200-day SMA after amid CHF weakness

[ad_1] Share: The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week’s meeting. At the end of the week,

Gold and oil pop as Gaza ceasefire hopes fade

[ad_1] Gold is at the highs of the week in a quick $6 move higher to just below $2000. It’s been largely a one-way trade since the Hamas attacks on October 7. Gold daily Oil is also at the highs of the day in a rise above $85, paring much of the weekly loss. The

Trading system: trend is your friend! – Analytics & Forecasts – 28 October 2023

[ad_1] A popular trading expression is “the trend is your friend.” This expression has stood the test of time because trends are critically important to any trading plan. Forex trendlines can be seen in almost any charting analysis due to its usefulness and simplicity. This article provides traders with an in-depth guide on what trendlines are, how to