Share: AUD/USD rallies near 0.6600, continuing its upward trajectory on the back of a buoyant market mood. Mixed US economic reports fuel speculation of a potential Fed policy shift despite recent hawkish remarks. Upcoming economic, including RBA speeches and key US data, are set to offer fresh impetus to AUD/USD traders. The AUD/USD
The price of bitcoin has extended to the highest level since May 2022. The high price has reached $38408 Bitcoin moves above and away from the 38.2% retracement Looking at the daily chart above, the price of the digital currency moved above the 38.2% of the move down from the 2021 high at $69000 three
The global market for Petroleum will have a slight supply surplus in 2024, even if OPEC+ nations extend their cuts into next year the head of the International Energy Agency’s petroleum markets and industry division told Reuters. Read too At the moment, however, the oil market is in deficit and inventories are
Currency traders have seen the Euro maintain a bullish stance against the US Dollar today, as it continues to target the 1.1000 mark, finding support at the 1.0900 level. However, the European currency has experienced a downturn against the British Pound, reaching a two-week low. Investor sentiment has been influenced by shifting expectations around the
Share: The EUR/USD is seeing bids in a broad-market risk rally to close out the trading week. Market sentiment is seeing a late break, pushing bids up the charts in a technical rally. US PMI data came in mixed, helping to soften the US Dollar. The EUR/USD is trading into the 1.0950 level
In the dynamic world of financial markets, traders are always on the lookout for tools and strategies that can help them make informed decisions. One such tool that has gained popularity in recent years is the Dark Inversion MT5 Indicator. In this article, we will dive deep into what this indicator is, how it works,
As the US 10-year yield moves higher, the USD is moving lower. That is not the normal relationship, but it is today. Technicals seem to be in play as the 10-year yield bounces off a key support area near 4.34%. Meanwhile, the USD is breaking to the downside against a number of the major currencies.
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© Reuters. In today’s trading sessions across Europe and Asia, the New Zealand dollar (NZD) experienced a significant surge against the US dollar (USD), reaching a peak near 0.6060. This unexpected rise was primarily fueled by New Zealand’s retail sales data for the third quarter of 2023, which remained unexpectedly flat, countering market forecasts of
Share: Mexican Peso extends its rally, capitalizing on a weaker USD. Mexico’s GDP growth aligns with expectations and might refrain Banxico’s officials from easing monetary policy. Mixed US economic data, with improving business activity but a downturn in Manufacturing PMI, weighed on the USD/MXN pair. Mexican Peso (MXN) is set to finish the
