Israel ground offensive underway but so far the fighting is limited to Gaza

It’s tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel’s ground offensive is underway. It came with an overwhelming number of airstrikes and reports of tanks entering in the northeastern corner of Gaza. In any case, it hasn’t expanded into

Mexican Peso holds strong against US Dollar despite sour market sentiment

Share: Mexican Peso extends its gains and is set to finish below the 18.12 mark. Mexico’s trade deficit widens, but Peso holds gains amidst flight to safety in markets. US inflation data justifies higher interest rates, but the market is skeptical of the Fed raising rates past the current range. Mexican Peso (MXN)

FX Weekly Recap: October 23 -27, 2023

The Aussie dollar took the top spot this week, closely followed by the Japanese yen, both likely bid higher after strong inflation updates hit the wires from their respective countries. And unfortunately for Loonie bulls, the Canadian dollar was the biggest loser, likely driven lower by falling oil prices and net negative commentary from the

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

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 of

WTI Crude Oil grinding it out just below $85

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 $85.00

Currency Pairs Correlation MT4 Indicator

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 can

Russell 2000 falls to the lowest since 2020

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 further,