The USDJPY sellers are making a play today with the break below the 150.00 level. Not only was the level a key natural level, but also corresponded with the 100-hour moving average. That’s key. The prices also fall below its 200-hour moving average 149.898. That’s key and the 38.2% retracement of the move up from
Share: The S&P 500 is extending declines into a two-week stretch, down over 5% for the period. S&P index down over 10% from the July peak at $4,600, enters correction territory. US Equities mixed on Friday as recession fears, lopsided earnings reports drag on stocks. The Standard & Poor’s index marked in the
The NASDAQ index is up 127 points or 1.0% at 12721.65, but this week saw a sharp move lower that took the price below its 200 day moving average for the 1st time since March 2023. The price also fell below the 38.2% retracement of the move up from the 2022 low to the 2023
Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB’s decision to hold rates and scaled back positions for further hikes also weighs on EUR/JPY. The Euro (EUR) lost a step against the Japanese Yen (JPY) on Friday,
It’s tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel’s ground offensive is underway. It came with an overwhelming number of airstrikes and reports of tanks entering in the northeastern corner of Gaza. In any case, it hasn’t expanded into
Share: Mexican Peso extends its gains and is set to finish below the 18.12 mark. Mexico’s trade deficit widens, but Peso holds gains amidst flight to safety in markets. US inflation data justifies higher interest rates, but the market is skeptical of the Fed raising rates past the current range. Mexican Peso (MXN)
The Aussie dollar took the top spot this week, closely followed by the Japanese yen, both likely bid higher after strong inflation updates hit the wires from their respective countries. And unfortunately for Loonie bulls, the Canadian dollar was the biggest loser, likely driven lower by falling oil prices and net negative commentary from the
The Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%. In their own words The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.3 percent on October 27. The initial estimate of third-quarter real GDP growth released by the US Bureau of
Share: WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore. West Texas Intermediary (WT) Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00
We call on residents of Gaza City to move south The mood in markets is darkening and the S&P 500 is at the lows of the day. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز
