USD/CNY daily chart USD/CNY is now trading above 7.34 and that is the highest level for the pair in 15 years. The mounting pressure on the Chinese economy is continuing to weigh on the yuan currency and despite Beijing’s best efforts to try and stem the drop, it is tough to fight a tidal wave
British Pound, GBP/USD, GBP/JPY – Technical Update: Recommended by Daniel Dubrovsky How to Trade GBP/USD The British Pound may extend lower in the coming trading sessions. That is because GBP/USD confirmed a breakout under a bearish Head & Shoulders chart formation over the past few days. Now, the next obstacle to the downside is the
On Tuesday, financial market participants received a piece of data that gives signs of a slowdown in economies in different countries. Namely, the PMI index (an index of purchasing managers, which is considered a leading economic indicator) showed a negative trend in China and a number of European countries. This led to a decrease in
Gold price extends its gains on the second successive day, trading higher around $1,920 a troy ounce during the Asian session on Friday. The price of لینک منبع : هوشمند نیوز
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US Dollar, USD/JPY, DXY Index, Japanese Yen, Treasury Yields, JGB, BoJ, Kanda – Talking Points The US Dollar ascent continued overnight with the DXY making a new high Firm US data underpinned interest rate markets with firming Treasury yields JGB yields are static. Will that see intervention in USD/JPY at some stage? Recommended by Daniel
Gold is under renewed selling pressure, having risen to 1,952 on the first trading day of September, breaking out of the ascending channel on the 4-hour chart and returning to the May-August bearish channel. XAUUSD on Wednesday’s trading closed -0.4% down, a 1-week low. Wednesday’s rise in the US dollar index to a 5-month high
The preliminary economic growth data for the second quarter of 2023 in Japan is here: Japan preliminary Q2 GDP +1.5% q/q (vs. expected +0.8%) Q2 GDP has been revised to +1.2% q/q and +4.8% y/y from +1.5% and +6.0% respectively The data confirms weak domestic demand with private consumption coming in at -0.6% q/q (the
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices aiming for 2nd weekly gain Retail traders continue to become bearish But, technical signals offer reversal signs Recommended by Daniel Dubrovsky Get Your Free Oil Forecast WTI crude oil prices are aiming for a second consecutive weekly gain so far.
US Stocks (SPX, NDX) News and Analysis S&P 500 Gaps Lower at the Start of US Trading The S&P 500 started the day on the back foot, gapping lower at the open after what is shaping up to be a tough week for stocks. Hotter-than-expected US data initially posed the challenge for US equities, as
