Share: The Pound Sterling (GBP) rallies against the US Dollar (USD) even though the latest round of UK economic data didn’t support the advance of Sterling, but overall weakness on the Greenback keeps most G8 FX currencies underpinned. The GBP/USD is trading at 1.2135 after sliding to a daily low of 1.2037 earlier in the European session. Read More…
GOLD PRICE OUTLOOK: Gold prices traded slightly higher on Wednesday on U.S. dollar softness ahead of key U.S. economic data. The September U.S. employment report will steal the spotlight on Friday and will be key for financial markets. This article looks at XAU/USD’s key technical levels worth watching in the coming days. Most Read: USD/JPY
Following the publication of a significant improvement in the UK PMI for September, there was a significant slight increase in the value of the Pound sterling against the Euro and Dollar, signalling that the economy’s performance was not as bad as expected. The S&P Global Services PMI for September was revised up to 49.3 from
The Nasdaq is higher today, and trading near new highs. In the process, the index is extending above a cluster of resistance. The price is back above the 38.2% of the move up from the March 13 low at 13123 The price is back above the 50 hour MA at 13166 The price is back
Rising yields and USD Hamper Risky Stocks, Yen on Intervention Watch لینک منبع : هوشمند نیوز
ISM Services PMI Reading Drops but the Outlook Remains Positive The services sector is the largest by far and contributes the most to total US GDP. As such, it provides a crucial signal of the overall health of the US economy. The PMI report aggregates opinions of the companies’ purchasing managers who often see shifts
The Hammer The hammer price action pattern is a bullish signal that signifies a higher probability of the market moving higher than lower and is used primarily in up-trending markets. Here is an example of what a hammer candle looks like:
© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after
Share: DXY comes under pressure following recent peaks. A move to 108.00 still appears in store near term. DXY faces some selling pressure after climbing to new 2023 tops in the 107.30/35 band on Tuesday. In light of the ongoing price action, extra gains appear likely in the dollar for the time being.
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