Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts Nasdaq 100 at one-month low The pullback continues here, with no sign of a low being formed as yet. Having fallen below support at 14,920, the price now targets the June low at 14,688. So far this retracement
© Reuters. Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/file photo By Hannah Lang and Samuel Indyk WASHINGTON/LONDON (Reuters) – The Japanese yen further weakened against the dollar on Wednesday, hovering in a zone that last year triggered intervention, while the yuan slipped to a nine-month trough
FTSE, DAX and S&P 500 News and Analysis FTSE 100 slips despite UK inflation diminishing DAX 40 remains under pressure S&P 500 drops to new one-month low as Fitch joins Moody’s with warning to banks Written by IG Senior Analyst Axel Rudolph Recommended by IG Get Your Free Equities Forecast FTSE 100 slips despite UK
© Reuters. Investing.com — Most Asian currencies fell on Wednesday as strong U.S. economic readings raised concerns over the Federal Reserve having enough room to keep raising interest rates, while weak economic trends in China also dented sentiment. Data on Tuesday showed that U.S. grew more than expected in July, presenting more upside risks to
Oil Prices, Charts, and Analysis The People’s Bank of China (PBoC) unexpectedly cut borrowing costs. Oil may look to consolidate recent gains. Recommended by Nick Cawley How to Trade Oil The People’s Bank of China (PBoC) unexpectedly cut its one-year medium-term lending facility – the rate at which Chinese banks borrow money from the PBoC
STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the United
© Reuters. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Joice Alves and Samuel Indyk LONDON (Reuters) – Sterling rose on Tuesday after data showed British basic wages grew at a record pace, adding to the Bank of England’s inflation worries, while the
Share: AUD/USD turns lower for the sixth straight day and slides back closer to the YTD low. China’s economic woes continue to exert pressure on the Aussie amid a bullish USD. Bets for one more Fed rate hike push US bond yields higher and underpin the buck. The AUD/USD pair fades an intraday
Australian Dollar, AUD/USD, US Dollar, China, PBOC, Japan, Commodities – Talking Points The Australian Dollar bounced despite data that would normally undermine it China’s economy will every bit of the rate cut from the PBOC today as its woes continue If the USD resumes its ascension, where will that leave USD/JPY and AUD/USD? Recommended by
Share: AUD/USD picks up bids to refresh intraday high, reverses from YTD low. Mixed RBA Minutes, softer Aussie wage growth and downbeat China data prod Aussie bulls but US Dollar’s retreat favor recovery. Oversold RSI challenges Aussie bears beyond 0.6460-55 support zone. Multiple hurdles stand tall to test upside; 0.6600 appears the key
