Share: USD/JPY shows minimal change, indicating a stable weekly close. The weekly chart suggests an upward trend with resistance at Tenkan-Sen (149.53); a break above could target 150.00. USD/JPY daily chart key levels to watch include 150.77 and YTD high at 151.91 for upside, 148.01, and 147.15 for downside. The USD/JPY is almost
Metal scheduled for delivery in December closed down 0.36%, at US$ 1,834.80 per troy ounce READ TOO O gold closed lower for the eighth session in a row this Wednesday, 4th, even though it recovered from the lows of the day, with investors paying attention to the direction of interest rates Treasuries Americans, who took a break from the
Share: NZD/JPY was down by 0.40% on Friday and closed a 0.40% weekly gain. Buyers continue to be on the sidelines after pushing the pair to multi-year highs this week. Indicators are losing momentum on the daily chart. In Friday’s session, the NZD/JPY cross extended its decline towards 89.65 as investors continued to
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday.
Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the
Share: S&P 500 rises 1.54%, closing at 4,414.57, marking its seventh consecutive week of gains. Nasdaq 100 and Dow Jones Industrial also post gains, with technology and consumer sectors leading. Market players overlook Fed Chair Jerome Powell’s hawkish comments, focusing instead on mixed economic data. Upcoming week to focus on US inflation data,
Share: NZD/JPY rose nearly 0.10% towards the 89.245 area The cross continues to side-ways trades, slightly tilted to the downside. Bulls seem to be taking a breather after last week’s 3% gains. The NZD/JPY will close a 0.30% losing week around the 89.245 area, as investors are taking profits from the early month’s
Share: The DXY index trades with mild losses at 105.80, closing a 0.70% weekly gain. Fed hawks revived USD strength during the week. UoM consumer sentiment data come in lower than expected. The focus shifts to next week’s inflation figure from the US from October. The US Dollar (USD) showed minimal movement on
Share: EUR/USD gained more than 1% on Friday, rising near 1.0730. The USD, measured by the DXY index, will close with a 1.40% weekly loss. The dovish stance of the Fed and weak NFPs from October made the USD tumble. In Friday’s session, the EUR/USD soared to 1.0730, closing a 1.50% gaining week,
Share: The AUD/NZD saw firm gains on the week, Aussie gains nearly 1.3% from Monday opening bell. Kiwi drastically underperforms its closest neighbor, gives up most of its gains from September’s late jump. Aussie touched a fresh one-month high ahead of Friday’s market close. The AUD/NZD finished up a strong trading week with
