SP 500 & NAS100 PRICE FORECAST: NAS100 and SPX Both Face a Key Resistance Test if the Rally is to Continue. A Slew of Earnings to Come After Market Close Could Push US Indices Past Key Resistance Levels. IG Client Sentiment Shows that Retail Traders are Net-Short with 59% of Traders Currently Holding Short Positions
Former European Central Bank President, and former prime minister of Italy, Mario Draghi was cited in a report on a conference organised by the Financial Times. The FT is gated but other news services have picked up the main points made by Draghi: euro zone is nearly certain to experience a recession by the end
GOLD (XAU/USD) PRICE FORECAST: MOST READ: GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD Post UK CPI Gold prices are under renewed selling pressure today as hawkish comments from Fed policymakers reigned in the recent hopes that the Fed are done. Market participants had hoped that Fed Chair Powell might strike a different tone in his
Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter. The best test of whether a trend line is a valid one is usually whether it looks like a good line. In an
© Reuters The Bangladeshi Taka continues to depreciate against the US dollar, leading to heightened financial strain for businesses and economic repercussions. Today, the interbank exchange rate stands at Taka 111 per dollar, with some banks collecting remittances at rates up to Taka 117 per dollar, and open market trading at Taka 121 per dollar.
Share: Dow Jones has broken out of a three-month descending price channel. Fed’s Powell, Williams speak at event on Wednesday. Dow Jones Industrial Average gained 5.07% last week, the largest weekly gain since October 2022. Disney is scheduled to deliver fiscal Q4 earnings after the close on Wednesday. Unemployment Rate, SLOOS report, credit
Most Read: Gold, Silver Price Forecast – XAU/USD & XAG/USD May Get Boost from Macro Trends The U.S. dollar, as measured by the DXY index, was a tad firmer on Wednesday, extending its rebound for the third day in a row after last week’s overextended selloff in the wake of the FOMC decision and softer-than-
The U.S. Treasury will auction off $40 billion of 10 year notes at the top of the hour. Below are the key components of the auction, along with the 6 month averages of the components. Traders – and the market – will judge the success or failure of the auction versus the 6-month averages: High
POUND STERLING ANALYSIS & TALKING POINTS BoE sentiments keep downward pressure on sterling. Fed officials will be the primary focal point for today’s US trading session. GBP/USD pullback may be short-lived. Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key
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