Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, Hang Seng Prices, Analysis, and Charts Nasdaq 100 steady after recent gains The steady rally here goes on, with no sign of a downturn at hand.Late July saw a brief pullback, but this resolved into a move higher that has left the price
It’s a mild revision higher to the initial estimate but it still marks a seven-month low for the UK manufacturing PMI. Output and new orders are both seen falling at faster rates as demand conditions falter. HCOB notes that: “July saw a deepening of the UK’s manufacturing downturn. Output fell at the quickest pace since
Japanese Yen, USD/JPY, RSI Divergence, Rising Support – Technical Update: Japanese Yen under pressure by US Dollar again after BoJ Watch for key upside breakout over the remaining 24 hours RSI divergence shows fading upside momentum on 4-hour Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar is back on the offensive
HANG SENG, CSI 300 Index- Outlook: Hopes of more stimulus aiding HK/China equities. The CSI 300 and the Hang Seng Index appear to be building a base. What is the outlook and what are the key levels to watch? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast China/Hong Kong equities appear to
Share: Economists at Société Générale analyze USD/KRW technical outlook. Reclaiming the 200-DMA essential for affirming an extended up-move USD/KRW has experienced a deeper pullback after failing to overcome a multi-month trend line and the 200-DMA near 1,324 (now at 1,305/1,310). It has recently formed an interim trough near 1,257. An initial bounce is
Australian Dollar, AUD/USD, RBA, CPI, Fed – Talking Points The Australian Dollar slipped after the RBA left rates unchanged at 4.10% Keeping rates unchanged was mostly expected but caught some by surprise Quarterly CPI was cited by the RBA as they look at the data points ahead. Recommended by Daniel McCarthy How to Trade FX
The Australian dollar is the early mover today after the RBA decision to leave the cash rate unchanged at 4.10% again. The aussie is lower as a result but it isn’t that bad as markets have already priced in this outcome more so than a rate hike. The yen is also softer again with USD/JPY
British Pound Vs US Dollar, Australian Dollar, New Zealand Dollar – Price Setups: GBP/USD is struggling around resistance on the 200-week moving average. GBP/AUD and GBP/NZD look toppish. What is the outlook on key GBP crosses and what are the key levels to watch? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast
© Reuters. FILE PHOTO: A woman counts Japanese 10,000 yen notes in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano/Illustration/File Photo By Naomi Rovnick, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The Japanese yen is on a bumpy path towards strengthening after Friday’s central bank policy change, threatening to upend the carry
Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair remains
