US DOLLAR FORECAST – EUR/USD, GBP/USD, AUD/USD The U.S. dollar extends losses, sinking to its weakest point since early August Meanwhile, EUR/USD, GBP/USD and AUD/USD break out to the topside, clearing key price levels in the process This article focuses on the technical outlook for top forex pairs Trade Smarter – Sign up for the
Data confirmed estimates that German GDP would shrink 0.1% Germany’s economy shrank slightly in the third quarter compared with the previous three months, statistics office data showed on Friday. The numbers confirmed an initial estimate, published at the end of October, which indicated that Europe’s largest economy had shrunk by 0.1%. (GRAPHIC FROM THE
© Reuters. HONG KONG – The United Arab Emirates and China have reinforced their financial ties with the renewal of a significant currency swap agreement and a pledge to deepen collaboration on Central Bank Digital Currency (CBDC) development. The Central Bank of the UAE (CBUAE) and the People’s Bank of China have extended their currency
Share: MULN stock loses another 8% on Tuesday, down 39% over past month. Mullen Automotive filed response with the Customs & Border Protection agency. Mullen ONE appears to be in the running for a federal contract alongside Rapid Response Defense Systems. Shareholders look ahead to vote on reverse split on December 15. Mullen
In the fast-paced world of financial markets, traders are constantly on the lookout for tools and strategies that can help them make more informed decisions and maximize their profits. One such tool that has gained significant attention in recent years is the Perfect Trendline MT4 Indicator. In this article, we will delve into the intricacies
USD/JPY News and Analysis Japanese gauge of widespread inflation rises at its fastest pace since 2001 USD/JPY heads lower as the dollar slides further JPY remains heavily net-short (large speculators) but not as short as last week The analysis in this article makes use of chart patterns and key support and resistance levels. For more
Oil prices steadied last week after a nearly 20% decline since September, with anticipation building around the upcoming OPEC+ meeting. Speculation on potential output cuts deepening heightened market uncertainties. However, a reported delay in the meeting to November 30 due to disputes over output targets has temporarily allayed concerns of fresh supply shortages. Currently, the
The major US stock indices are opening near unchanged on the day. Yesterday, shares were little changed as well with: Dow industrial average fell -56.68 points or -0.16% at 35333.48 S&P index fell -8.89 points or -0.19% at 4550.44 NASDAQ index fell -9.84 points or -0.07% at 14241.01 At the start of trading today, a
Oil Analysis, Prices, and Charts The virtual OPEC+ meeting starts on Thursday and may prove fractious. Oil prices are set to tread water ahead of any announcements. Download our complimentary guide on How to Trade Oil Recommended by Nick Cawley How to Trade Oil DailyFX Economic Calendar The oil market may see a further bout
Flu is one of the main causes of the increase in cases; The country must guarantee the supply of medicines and open more areas for medical treatment. China’s health commission said a combination of pathogens is causing a rise in acute respiratory infections across the country, and reiterated comments to assuage concerns that a new
