Profit-taking on overbought conditions was the general rational after bond bulls overzealously brought forward Fed rate cuts to the spring, and aggressively priced in 50 bps in easing by mid-year. The mixed signals from the data on retail sales, PPI, and the Empire State did not provide much direction. Treasuries gave back about half of
The S&P 500 surged to new highs following the miss in the US CPI report. Looks like the market is still trading based on the inflation and interest rates expectations and ignoring the softening in the labour market and growth data. Yesterday, the US Retail Sales were more tepid compared to the prior months, but
EUR/USD ANALYSIS All eyes now shift to eurozone CPI to round off the week. ECB President & Fed speakers under the spotlight later today. EUR/USD finds resistance at overbought zone. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts
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© Reuters. The Indian Rupee has seen an ascent against the dollar, driven by softening US currency in response to a decrease in the United States’ key Consumer Price Index (CPI) figures. This development has sparked speculation among investors about a potential Federal Reserve interest rate cut by May next year. ICICI Direct observed on
Share: GBP/USD Price Analysis: Hovers below 1.2400 backed by 38.2% Fibonacci retracement GBP/USD extends losses on the second consecutive day, trading lower around 1.2390 during the Asian session on Thursday. The 1.2350 major level emerges as the key support, following the next support around the psychological level at 1.2300. A break below the
There is plenty of room for US-China cooperation The door of US-China relations cannot be shut The world needs China and US to work together Have reached important consensus with Biden to enhance people-to-people exchanges China has no intention to challenge the US US should not bet against China or interfere with its internal affairs
AUD/USD ANALYSIS & TALKING POINTS Australian wage growth the highest since 2009. Focus now shifts to US PPI and retail sales data. AUD/USD bulls look to break 0.65 handle. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into key market catalysts
Expert Advisor (EA) Trading Tips: Thorough Testing: Before deploying an EA in a live account, conduct extensive testing in a demo environment. This helps assess its performance under various market conditions. Backtesting: Utilize historical data to backtest the EA. This provides insights into how the EA would have performed in past market scenarios. Forward Testing:
© Reuters. FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo (Reuters) – , the world’s largest cryptocurrency, rose more than 5.3% on Wednesday to $37,978, near a one-week high. It has risen about 125% so far this year.
