Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Another push higher in Treasury yields kept risk sentiments broadly in check, as the US 10-year yields surged to touch another new high since 2007 at 4.68%. A lesser-than-expected contraction in US manufacturing purchasing managers index (PMI) reading (49 vs 47.8 est), along
💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold. At the same time, the price is approaching the next support, and this time
Share: GBP/USD remains on the defensive near a multi-month trough touched this Tuesday. A combination of factors lifts the USD to a fresh YTD top and weighed on the major. The BoE’s surprise pause continues to weigh on the GBP and favours bearish traders. The GBP/USD pair is seen oscillating in a narrow
In the world of forex trading, success is often defined by the ability to make well-informed decisions in a split second. This requires not only a deep understanding of the market but also access to powerful tools that can assist traders in identifying profitable opportunities. One such tool that has been making waves in the
The m/m building permits data is encouraging, but the poor y/y trend takes much of the shine off. Australia job advertisements dipped 0.1% m/m in September. Despite being down that’s not too bad a result given the strong growth in August. Job ads are 50% higher than pre-covid levels — The focus for Australia for
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices fell the most over 2 days since early June Retail traders are increasingly building upside exposure This is an early warning sign that WTI may continue lower Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Over the past 2
© Reuters. Investing.com – The euro suffered a brutal September selloff that continued Monday following fresh signs of economic trouble in Europe just as experts warn that the single currency could hit parity with the dollar in the coming months as U.S. interest rates remain higher for longer. fell 0.79% to $1.0487 after data showed activity remained
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S&P 500 OUTLOOK: S&P 500 falls towards trendline support at 4,300 amid rising U.S. rates. U.S. Treasury yields blast higher, pushing the U.S. dollar to its strongest level since November 2022 and sparking risk off sentiment. This article looks at key technical levels worth watching on the S&P 500 in the coming days. Trade Smarter
