Forex Market Analysis: Forex and Recession-Proof Stocks
Forex Markets News - 10 May 2024 CURRENCIES: EUR/USD Overview: After rebounding from the support level at 1.0725, EUR/USD is currently testing resistance around 1.0790, where the 50-day and 200-day SMAs converge. Potential gains could push it toward trendline...
Forex Market Analysis: 9 May 2024 Gold, USD, EUR, and Stocks
Forex Markets 9th May 2024 CURRENCIES: Gold Price Analysis (XAU/USD): Sentiment: Bearish Recent Trends: Gold prices have fallen for two consecutive sessions, nearly erasing the gains made in Monday's rally. The market has been trading sideways for the past two weeks,...
Forex Analysis: 16 April 2024 GBPUSD TESLA Updates
Forex and Stock Market Analysis - April 16 Currency Overview: GBP/USD Dynamics: The GBP/USD pair continues its downward trajectory, fueled by worsening indicators in the UK labor market. Unemployment in the UK escalated to 4.2% in February, surpassing both...
Forex Analysis: 12 April 2024 EURUSD EURGBP & Stocks Update
Forex and Stock Market Analysis Currency Overview: Euro Dynamics Post-ECB Decision: The euro weakened against the U.S. dollar and British pound following the European Central Bank's dovish statements in its April meeting. EUR/USD fell 0.2% to 1.0725, while EUR/GBP...
Forex Analysis: 8 April 2024 Gold, USD & Stocks Update
Forex and Stock Market Update Currency Sector Insights: Upcoming Attractions: Spotlight on Gold, US Dollar, Euro, and Pound Sterling ahead of key financial events. This Week's Major Events: Anticipation builds for US CPI data, central bank decisions from Canada, New...
Forex Analysis: 3 April 2024 Forex & Stocks Updates
Forex and Financial Market Update Currency Insights: US Dollar Dynamics: The U.S. dollar experienced a minor dip (-0.2% to 104.75), stepping back from its recent five-month peak amidst global yield fluctuations surpassing those of U.S. treasuries. Economic Event...
Forex Analysis: 27 March 2024 FX, Nasdaq and Crypto Insights
Forex & Shares Market Analysis 27 March 2024 Currency Sector Update: US Dollar Trends: The US dollar is exhibiting a steady pattern, with slight fluctuations influenced by mixed Treasury yields and a cautious market atmosphere. Event Watch: Traders are in a...
Forex Analysis: 26 March 2024 Shares, Forex & Bitcoin
26 March 2024 Forex Analysis Currency Insights: GBP/USD Developments: The British Pound edged slightly over 1.26 against the US Dollar, spurred by expectations of Federal Reserve interest rate cuts in June. Market Expectations: Investor confidence in an imminent...
Forex Analysis: 15 Mar 2024 Currency & Stock Updates
Forex and Stock Market Analysis Update Currency Insights: British Pound Watch: Current analysis zooms in on the GBP's sentiment, examining GBP/USD, GBP/JPY, and EUR/GBP for trading cues. Dollar's Surge Linked to Treasury Yields: A surprising rise in February's...
Forex Analysis: 14 Mar 2024 Forex & Shares Updates
14 March 2024 Forex Analysis Currency Sector Overview: ECB Rate Cut Proposal: Yannis Stournaras, head of the Greek central bank, calls for two rate cuts by the ECB before summer to bolster the economy, noting that the full impact of previous tightening measures has...