In the ever-evolving world of financial markets, traders and investors are constantly seeking tools to gain an edge and make informed decisions. Among the plethora of technical analysis tools available, the Candlestick Pattern MT4 Indicator stands out as a beacon of insight. This article delves into the intricacies of this powerful tool, shedding light on
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts Nasdaq 100 losses resume Losses accelerated on Wednesday, taking the index to its lowest level since early June. A move towards the lower bound of the channel appears likely, which would see the index head down to 14,250.
Stocks and bonds were routed midweek. Tech shares were slammed after poor earnings news from Alphabet knocked its shares down nearly -10%, spreading gloom across the sector. A surge in Treasury yields added to the selloff. Meanwhile, ongoing signs of the strength in the economy after a pop in new home sales did not help. Instead,
That’s a poor reading for the monthly retail sales balance as UK retailers suffer the joint-worst October on record, according to CBI. Retailers are seen cutting orders to suppliers and are expected to do so again in November and that does not bode well heading into the winter months. High interest rates and cost-of-living concerns
Pound Sterling (GBP/USD) Analysis GBP/USD struggles to build positive momentum as USD makes a comeback Lack of bullish drivers for GBP ahead of high impact US data highlights bearish path IG client positioning reveals further divergence in positioning – contrarian bearish bias maintained The analysis in this article makes use of chart patterns and key
Investing.com– Most Asian currencies fell on Thursday as concerns over higher U.S. interest rates pushed up the dollar and Treasury yields, with traders now watching for any Japanese government intervention after the yen slid to a one-year low. Dollar at near two-week high amid Fed jitters The and both rose 0.2% in Asian trade, hitting
Share: Since the surprise interest rate hike on August 24, which gave the Lira a tidy 6% boost, the Turkish currency has been depreciating as if on a string. Economists at Commerzbank analyze TRY outlook ahead of the Turkish Central Bank (CBT) Interest Rate Decision. CBT’s restrictive monetary policy is only a necessary
S&P 500, SPX, NASDAQ 100, NDX, DJIA – OUTLOOK: The S&P 500 is testing support on the 200-DMA. The Nasdaq 100 index risks a bearish head & shoulders pattern. What are the outlook and the key levels to watch in the three US indices? Looking for actionable trading ideas? Download our top trading opportunities guide
Just when you thought that the backing off from 5% might trigger a bit more of a retracement, it all but lasted a day – more or less. 10-year Treasury yields hit above 5% for the first time since 2007 on Monday before falling to near 4.80% subsequently. But now, we’re talking about a return
