US30 The best performing index on Wednesday was the US30 which rose to its highest price since August but is not yet at its peak like the US100. Due to it not breaking previous resistance points and trading at an all-time high, investors may be more comfortable investing in the US30 which is at a
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
AUD/USD ANALYSIS & TALKING POINTS Australian PMI’s concerning but encouraging news from China and a weaker USD keep the AUD elevated. Thanksgiving Day sees no additional high impact data scheduled for today. AUD/USD faces key resistance at 200-day MA. Elevate your trading skills and gain a competitive edge. Get your hands on the AUSTRALIAN DOLLAR
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© Reuters. The People’s Bank of China (PBOC) set the daily reference rate for the yuan at 7.1212 per dollar today, marking a decrease from the previous session’s fix of 7.1254. This adjustment in the central rate came in lower than market analysts had anticipated, with predictions having been set around 7.1512. The PBOC’s setting
Share: EUR/GBP holds positive ground around 0.8720 ahead of Eurozone, UK key data. ECB President Christine Lagarde said the discussion about rate cuts is premature. BoE Governor Andrew Bailey stated that the Middle East conflict could add to the risk that inflation could go back up. Traders will closely monitor the Eurozone and
And with Treasuries out especially, that’s not going to give too much for traders to work with in the sessions to come. US stocks ended the day higher yesterday but we could get more tepid trading on Friday as highlighted here yesterday. But keep in mind that the momentum right now is rather positive for
Metal scheduled for delivery in December closed down 0.36%, at US$ 1,834.80 per troy ounce READ TOO O gold closed lower for the eighth session in a row this Wednesday, 4th, even though it recovered from the lows of the day, with investors paying attention to the direction of interest rates Treasuries Americans, who took a break from the
© Reuters. The currency pair experienced a pullback during Thursday’s Asian trading session as market participants weighed the prospects of a hawkish turn in the Bank of Japan’s (BoJ) policy against a backdrop of uncertainty regarding future Federal Reserve rate hikes. Despite a brief recovery from its monthly low on Tuesday, the pair failed to
Share: USD/CAD seems biased to move downward despite the weakening in Crude oil prices. WTI prices lose ground on an unexpected delay in an upcoming OPEC+ meeting. US economic data turn investors to perceive persistent inflation in the country. USD/CAD seems to extend its losses for the third consecutive session, trading slightly lower
