Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, Nasdaq 100 Analysis and Charts Dow struggles to push higher The index has spent the week trying to break higher, but gains above 34,700 have proven impossible to sustain. For the moment, while the buyers have not been able to seize control, sellers
In a significant move aimed at bolstering the lira, Turkey has increased the cost for banks to provide short-term deposits, a policy change that forms part of a $124 billion government-backed lira savings program. The new regulation was issued by the central bank and published in the Official Gazette on Thursday. Under this new rule,
Share: The Aussie is trading on the strong side after a stronger-than-expected August jobs report in Australia. Economists at ING analyze AUD’s outlook. USD remains supported post-Fed Employment rose 64.9K after July’s negative reading, and the unemployment rate was unchanged at 3.7%. Markets are pricing in a mere 9 bps of tightening to
GOLD OUTLOOK & ANALYSIS US inflationary pressures keep gold price subdued. Spotlight on US PPI, jobless claims and retail sales. Gold bears seek out $1900 support handle. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. The US CPI yesterday came in line with expectations, so the market’s pricing remained roughly the same. The labour market displayed signs of
Japanese Yen, USD/JPY, NZD/JPY – Technical Update: Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar has slowed its upside progress against the Japanese Yen of late. On the daily chart below, USD/JPY can be seen leveling off just under the 61.8% Fibonacci extension at 148.27, which is immediate resistance. Meanwhile, key
Australian Dollar Vs US Dollar, Australia Jobs – Talking Points: AUD held gains after Australia jobs data beat expectations. AUD/USD is attempting to form an interim base. Speculative short AUD positioning is at the highest level since early 2022. What is the outlook for AUD/USD and what are the key levels to watch? Recommended by
© Reuters. Investing.com– Most Asian currencies kept to a tight range on Thursday, while the dollar edged lower as markets weighed stronger-than-expected inflation data against expectations that the Federal Reserve will keep rates unchanged next week. Data on Wednesday showed that U.S. grew slightly more than expected in August, amid rising fuel costs and steady
Share: Netflix (NFLX) decline from 7.20.2023 high is unfolding as a double three Elliott Wave structure. Down from 7.20.2023 high, wave (A) ended at 411.88 and rally in wave (B) ended at 445.25. Wave (C) lower ended at 398.15 which completed wave ((W)). Rally in wave ((X)) ended at 453.53 with internal subdivision