CRUDE OIL PRICES OUTLOOK Oil prices soften after Monday’s strong rally. Despite Tuesday’s move, geopolitical tensions in the Middle East create a constructive backdrop for energy markets in the near term. This article looks at oil’s key technical levels to watch in the coming days and weeks. Trade Smarter – Sign up for the DailyFX
Stock markets have stabilised and mostly moved higher overnight, after a largely stronger close on Wall Street. Markets continue to assess the impact of the Israel-Hamas war, but the JPN225 rallied 2.4% on its return from the extended holiday weekend. General uncertainties and fears of an escalation of the conflict weighed on sentiment but strength
Fed’s Waller Fed is determined to bring inflation down to 2% Full speech There is nothing particularly notable in the initial comments, which didn’t directly address monetary policy or the outlook for the economy. Here is the conclusion portion of the speech: I think it is worth concluding by emphasizing an important respect in which
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S AND P 500 & NAS100 PRICE FORECAST: MOST READ: Dollar Index (DXY) Retreats Helping USD/JPY Tick Lower, 145.00 Incoming? US Indices have shrugged off the risk of tone which kicked of trading this week as for the moment at least market participants appear at ease that the conflict in Israel will remain confined. Early
© Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as investors reacted to a sharp drop in U.S. bond yields on
Share: AUD/USD faces selling pressure above 0.6400 as IMF warned decline in global output due to Middle East tensions. The USD Index drifted lower swiftly to near 106.00 as Fed policymakers supported keeping interest rates steady. AUD/USD trades in a Rising channel in which each pullback is considered as a buying opportunity. The
In the world of financial trading, having the right tools and indicators at your disposal can make all the difference. One such powerful tool is the Heikin Ashi Candle MT4 Indicator. If you’re a trader looking to enhance your technical analysis skills, this article is tailored just for you. In the following sections, we will
Article by IG Senior Market Analyst Shaun Murison USD/ZAR Key Takeaways: 1. The recent recovery of the Rand against the US Dollar is primarily due to the weakening of the dollar rather than the strengthening of the Rand itself. 2. The US Dollar is currently underperforming against various currencies, following remarks from Federal Reserve officials
