The average US new car costs nearly $50,000 right now and the average electric car price in the United States hit $66,000 last month – a more than 13% increase year over year. Those numbers combined with high interest rates and gasoline prices will inevitably put a squeeze on consumers. At some point, there just
Number of traders net-short has decreased by 25.80% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Germany 40 BEARISH 53.37% 46.63% 48.23% Daily 88.56% Weekly -17.72% Daily -25.80% Weekly 7.90% Daily 9.71% Weekly of clients are net long. of clients are net short. Change in Longs
EUR/USD ANALYSIS EUR struggles to capitalize on recent Fed speak. US CPI and ECB rate decision the key risk events for next week. Falling wedge breakout could bring some hope for euro bulls. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP The euro is back on the defensive this Friday after
“If economic activity continues at a strong pace, it could lead to a return to inflation,” Dallas Federal Reserve Bank Governor Laurie Logan said Friday, adding that “the strength of the labor market indicates that we (at the Fed) haven’t finished the work on restoring price stability yet.” These important statements by a representative of
© Reuters. Investing.com– Most Asian currencies moved little on Friday as weak data from Japan ramped up concerns over slowing global economic growth, while the Chinese yuan slid to an over 15-year low against the dollar on renewed concerns over Sino-U.S. relations. The fell 0.2% to 7.3443, its weakest level against the dollar since February
Share: The US Dollar is set to book another week of gains. No focal data points on Friday, so expect tepid market movements. The US Dollar Index fails again to hold the 105.00 level, and could start to peak. The US Dollar (USD) has had a strong week after a series of US
Bitcoin (BTC), Ethereum (ETH) Prices, Charts, and Analysis: Talk of an imminent BlackRock Bitcoin ETF turns markets higher. BTC and ETH remain in multi-week ranges. The Bitcoin rumor mill was back in full flow yesterday after various tweets and stories suggested that the BlackRock spot Bitcoin ETF had already been agreed and would be announced
Asia-Pacific markets were lower on Friday as Japan released revised second quarter gross domestic product figures (+1.2% vs +1.3% expected, down from 1.5%) and Hong Kong cancelled the morning trading session due to a storm warning. Overnight the US100 fell for a 4th session, weighed by Apple after a report that China is allegedly banning
The greenback is pretty much flat against the euro, yen, and pound while keeping little changed against the franc and loonie. It is only the aussie and kiwi which are slightly higher in trading today but the gains there aren’t anything too significant. AUD/USD is still down 0.8% on the week and NZD/USD is down
Gold (XAU/USD) Analysis US dollar and yields remain central ahead of US CPI print Gold set for weekly decline as price action hovers around key 200 DMA US CPI remains the key risk in the week ahead as the Fed prepares for next meeting The analysis in this article makes use of chart patterns and
