© Reuters. The currency pair experienced a rebound from its weekly lows, trading higher near 0.5930 during the Asian session on Thursday, Nov 09, 2023. The rise was attributed primarily to a weakening US dollar rather than the impact of China’s mixed economic data. This data included a 0.2% yearly fall in October’s Consumer Price
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow returns to trendline resistance The index has seen its momentum fade after the huge gains of the past week, though it continues to hold above the 200-day simple moving average (SMA). Wednesday saw the index touch trendline
It was another mixed day in the markets as players awaited fresh directional signals, including comments from Chair Powell later today. However, a new narrative is starting to build, one of slowing growth, with a recessionary tilt in Europe. The ongoing chant from the FOMC and ECB and BoE officials that more tightening might be
US The Fed left interest rates unchanged as expected with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US Core PCE came in line with expectations. The labour market is starting to
USD/CAD Analysis BoC minutes largely dismissed by markets due to recent dismal Canadian economic data. Fed Chair Jerome Powell speech in focus later today. USD/CAD holds around the 1.38 handle as bearish divergence threatens. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
© Reuters. ZURICH (Reuters) – The Swiss National Bank responded on Wednesday to the U.S. Treasury removing Switzerland from its monitoring list of countries that appeared to be manipulating their currencies. The SNB said it noted the decision, which came in the Treasury’s semi-annual report into the currency policies of the United States’ major trading
Share: EUR/USD struggles to stay in the green zone amid weaker US Dollar. Combined technical indicators support a positive outlook for the pair. The pair could revisit the 1.0750 major level aligned to the weekly high at 1.0756. EUR/USD hovers around 1.0710 during the early European session on Thursday, struggling to continue moving
SoftBank books another quarterly loss, as investment hits offset Arm FULL STORY Its Vision Fund investment unit, meanwhile, booked an investment profit of 21.4 billion yen in the latest quarter, having made a 160 billion yen profit three months earlier. The net loss at group level of 789 billion yen compares with a 3.01 trillion