© Reuters. Argentine president-elect Javier Milei addresses supporters after winning Argentina’s runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian BUENOS AIRES (Reuters) – Argentinian President-elect Javier Milei arrived on Tuesday morning at the presidential residence in the suburbs of Buenos Aires to meet outgoing Peronist leader Alberto Fernandez, to begin a
Share: The 1.8% decline in the US Dollar Index (DXY) last week was the largest since the second week of July. Economists at Société Générale analyze Greenback’s outlook. DXY at risk of a deeper retracement towards 102.55 A close below the 200-DMA (103.62) put the DXY at risk of a deeper retracement towards
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 – Analysis and Charts Dow above August and September highs The index has surged through the 35,000 level, reaching its highest level since the end of August.The next target is the high from July around 35,680, and would mark the complete
The US100 broke through a major resistance level, rising to the highest level since January 2022. The instrument rose by 1.20% on Monday forming its fourth consecutive bullish candlestick on a weekly chart. The technology sector in particular witnessed a surge in demand due to its exposure to “growth stocks” which are benefiting from the
The notice says that the satellite will be launched in the direction of the Yellow Sea and East China Sea, with Tokyo and Seoul stating that this could be a third attempt to put a spy satellite into orbit – which would be a violation of a UN ban. For some context, North Korea had
POUND STERLING ANALYSIS & TALKING POINTS UK debt a cause for concern long-term. Cable traders look to FOMC minutes for guidance. GBP/USD faces key resistance at 1.2548. Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key market catalysts that should
AVATAR TRADING HOUES The foreign exchange (Forex or FX) market is a global financial marketplace where currencies are traded around the clock. It’s the largest and most liquid market in the world, with a daily trading volume exceeding $6 trillion. Understanding the intricacies of the Forex market is essential for traders and investors. In this
© Reuters. SINGAPORE – The International Monetary Fund (IMF) has thrown its weight behind Central Bank Digital Currencies (CBDCs), with Managing Director Kristalina Georgieva highlighting their potential to enhance financial inclusion and fintech development. Speaking at a Singapore event, Georgieva underscored that while current adoption levels are low, more than half of the countries worldwide
Share: EUR/USD extends its upside above 1.0950, up 0.18% on the day. The pair holds above the 50- and 100-hour EMA with the overbought RSI condition. The first upside barrier is seen at 1.0978; the 1.0895–1.0900 zone acts as an initial support level for the pair. The EUR/USD pair trades in positive territory
The dollar remains in retreat mode again today, continuing the downside momentum from last week. Equities managed to put on a good showing in US trading yesterday, keeping poised in aiming towards the highs of the year next as well. It’s all playing out as it should in what will be a holiday-shortened week for
