Share: GBP/JPY crosses 188.50, hits eight-year high as markets rally into the Friday close. The Pound Sterling is set for its fourth straight up day against the Yen. Risk appetite is catching a broad-market bid to cap off the trading week. The GBP/JPY has broken into new eight-year highs above 188.50 as the Pound
As the US stock market prepares to open for the holiday shortened week, the major indices are looking to open little changed. The Dow is up 49 points after closing up 184.74 points on Wednesday The S&P is up 0.88 points after closing up 18.45 points on Wednesday The Nasdaq is trading -9.5 points after
Share: In a shortened week, the US Dollar posted losses again. Next week, the key report in the US will be the Core PCE. Consumer inflation data is also due in the Eurozone with the preliminary November figures and in Australia with the October Monthly CPI. The Reserve Bank of New Zealand will
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: The EUR/JPY followed the Friday technical rally into a new high for the week. The Euro pulled out of an early dip in the week, closing higher for three straight days. Japan inflation ticked higher on Friday, next week has Eurozone inflation in the barrel. The EUR/JPY rose for the third straight
The holiday-shortened week is off and away in the US with the major indices opening trading above and below unchanged. A snapshot of the market currently shows: Dow is up 50 points or 0.15% at 35329 S&P index -1 point or -0.03% at 4555 .30 Nasdaq index -24 points or -0.17% at 14241 The US
Share: WTI crude oil prices declined following the start of a truce in the Gaza Strip. OPEC+ postpones crucial meetings, sparking speculations of potential oil production cuts for 2024. Global factors like higher US crude stockpiles, China’s uncertain oil demand, and non-OPEC production growth contribute to Oil price trends. West Texas Intermediate (WTI),
S&P Flash manufacturing PMI remains below 50.0 Prior PM Mfg 50.0 Flash Manufacturing PMI 49.4 vs 49.8 estimate Flash services PMI 50.8 vs 50.4 estimate ant 50.6 last month Composite 50.7 unchanged from last month 50.7. From S&P Global: In November, US businesses experienced a marginal expansion in output, similar to the growth rate seen
import tensorflow as tf from tensorflow.keras.models import Sequential from tensorflow.keras.layers import Dense, Dropout, LSTM from sklearn.preprocessing import MinMaxScaler import numpy as np # Load and preprocess data # … # Build the neural network model = Sequential() model.add(LSTM(50, return_sequences=True, input_shape=(X_train.shape[1], 1))) model.add(LSTM(50, return_sequences=False)) model.add(Dense(25)) model.add(Dense(1)) # Compile the model model.compile(optimizer=”adam”, loss=”mean_squared_error”) # Train the model
Share: The US Dollar waffled against the Swiss Franc on Friday, stuck near the 0.8820 level. The USD/CHF is on pace to drop back into the 0.8800 handle. Next week sees US GDP and CPI inflation numbers. The USD/CHF tracked lower on Friday as broader markets saw an uptick in risk appetite to
