Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow back below 200-day MA The volatile trading of the past two weeks continued on Wednesday. The index dropped back below the 200-day simple moving average (SMA), after testing the 34,000 level on Tuesday.A close below 33,400 might
© Reuters. A man rides a bicycle past a sign directing to Ettadamen district, in Tunis, Tunisia June 24, 2022. Picture taken June 24, 2022. REUTERS/Jihed Abidellaoui By Jorgelina do Rosario LONDON (Reuters) – Tunisia reached a preliminary deal with the International Monetary Fund a year ago on a $1.9 billion loan programme, but 12
Share: The US labor market held up surprisingly well in September. Pressure for another rate hike is rising, economists at Commerzbank report. Data for the previous months were revised significantly upward In September, job growth in the US amounted to 336K, which was significantly more than expected. The continued strong employment growth –
© Reuters. The U.S. dollar held its position near a 10-month high against a basket of major currencies on Thursday. The dollar’s strength was buoyed by optimistic U.S. economic data and anticipatory remarks from Federal Reserve officials. The , which measures the greenback against other major currencies, hovered around 106.58 after hitting an overnight peak
EURO TALKING POINTS & ANALYSIS EUR/USD held steady in data-light sessions for Asia and Europe Its downtrend from July remains very much in place Hawkish comments from US officials will continue to weigh Recommended by David Cottle Get Your Free EUR Forecast The Euro steadied against a broadly stronger United States Dollar in Tuesday’s Asian
© Reuters. The is displaying signs of considerable strain, edging towards the boundary of its 2% fixed trading band against the dollar. This movement reflects the mounting pressures from a robust dollar and escalating real estate difficulties in China. The currency has depreciated over 1.9% from its daily reference rate this week, marking a significant
The pair is experiencing significant selling pressure this Tuesday as the US Dollar weakens ahead of the Federal Reserve’s interest rate decision. Meanwhile, Statistics Canada reports that the headline Consumer Price Index (CPI) expanded at a pace of 0.4%, higher than expectations of 0.2%. The annual headline inflation has also accelerated sharply to 4% against
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nikkei 225, Analysis and Charts FTSE 100 still tries to push ahead Last week the FTSE 100 outperformed its European and US counterparts by ending the week up 0.2% and not in the red like the others as the index benefitted from the
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow gives back recent gains The index has fallen this week, dropping back below the 50-day SMA and heading towards the 100-day SMA.It remains above the August lows, but bulls will need a close back above 34,750 to
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was subdued on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen languished near levels that triggered
