Category: Markets
-
China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
•
(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
-
Chart Art: Bitcoin (BTC/USD) Is Near A Long-term Resistance Area!
•
Bitcoin has had a good month of October so far, rising from lows of $60,400 to current levels near $67,650. Can the OG cryptocurrency rely on “Uptober” to consistently push BTC/USD above the key technical resistance zone? We take a closer look at the daily chart! Bitcoin (BTC/USD) daily Chart…
-
Chart Art: Bitcoin (BTC/USD) Is Near A Long-term Resistance Area!
•
Bitcoin has had a good month of October so far, rising from lows of $60,400 to current levels near $67,650. Can the OG cryptocurrency rely on “Uptober” to consistently push BTC/USD above the key technical resistance zone? We take a closer look at the daily chart! Bitcoin (BTC/USD) daily Chart…
-
Daily Broad Market Recap – October 17, 2024
•
A busy trading calendar meant that major assets were exposed to asset-specific catalysts and new market themes! What headlines caught investors’ attention and how did your favorite asset trade? Let’s analyze the major market movements on Thursday: Titles: Japanese trade balance It shifted to a deficit of JPY294.24 billion in…
-
ECB Cuts Rates in October, Signals Openness to Further Adjustments
•
In a unanimous decision and as markets expected, ECB members cut key interest rates by 25 basis points as of October 23: the Deposit rate It is now down to 3.25% the Prime refinancing rate I will retreat to 3.40% the Marginal lending facility rate It will ease to 3.65%…
-
Daily Broad Market Recap – October 16, 2024
•
Major currencies and asset classes appear to be taking their cues from their individual catalysts, with UK inflation data and the “Trump trade” taking center stage. Crude Oil saw its usual downward trajectory, although the energy commodity managed to limit its losses in recent sessions compared to the sharp sell-off…
-
Chart Art: EUR/AUD To Extend Its Months-long Downtrend?
•
After a strong start to the month, the EUR/AUD pair has lost its upward momentum and looks set to extend a long-term downtrend. Will the EUR/AUD see losses in the upcoming trading sessions? Check out what’s happening on the 4-hour time frame! EUR/AUD Forex 4 Hours Chart by TradingView If…
-
Asian Stocks Rise, Chinese Shares Reverse Gains: Markets Wrap
•
(Bloomberg) — Stocks rose in Asia after Wall Street closed higher, helped by a shift from giant technology to smaller companies. Chinese stocks erased their gains after a press conference by the finance and housing ministers. Most read from Bloomberg China’s CSI 300 index turned flat after rising 1.3% earlier.…
-
Chart Art: Is WTI Crude Oil (USOIL) Ready To Bounce From $70?
•
WTI crude oil is taking a break from its weekly losses by being in a key technical support area. Is the black crack ready for an upward swing? We take a closer look at the USOIL 4-hour time frame: WTI (USOIL) 4 hours Chart by TradingView In case you missed…
-
AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
•
Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
-
Jumia bets on Kenya success to recover from lost markets
•
Africa-focused e-commerce retailer Jumia is counting on a turnaround in its operations in Kenya and three other markets to help it regain lost ground from the closure of its businesses in South Africa and Tunisia. The New York Stock Exchange-traded company announced Wednesday that it will close its operations in…
-
Are You Following The Trading Rules You’ve Set?
•
If you ask a group of profitable Forex traders what is the secret to their success, you will probably hear the word “consistency” more than once. Unfortunately, achieving consistency is easier said than done. But by creating a process and setting trading rules for yourself, you can make it happen…
-
FX Watch: AUD/NZD and AUD/CHF Bullish Setups on Tight Aussie Jobs Data
•
Our events guide to the September Australian jobs report suggests that jobs growth may continue, albeit at a slower pace. Stronger than expected numbers will support the RBA’s stance that the labor market remains tight, giving the central bank more reason to stick to its less pessimistic bias compared to…
-
FX Watch: AUD/NZD and AUD/CHF Bullish Setups on Tight Aussie Jobs Data
•
Our events guide to the September Australian jobs report suggests that jobs growth may continue, albeit at a slower pace. Stronger than expected numbers will support the RBA’s stance that the labor market remains tight, giving the central bank more reason to stick to its less pessimistic bias compared to…
-
Daily Broad Market Recap – October 15, 2024
•
Some risk-off flows were seen in the markets, as crude oil continued to decline and US stock indices closed in the red. Meanwhile, volatility rose in the forex arena due to high-profile releases, including the UK jobs report and Canada’s CPI readings. Here’s what you need to know! Titles: Japanese…
-
New Zealand CPI Fell to RBNZ’s Target Range in Q2 2024
•
New Zealand’s quarterly CPI reading came in slightly weaker than expected at 0.6% versus 0.7% in the second quarter of 2024, bringing the annual inflation reading down from 3.3% to 2.2% – within the central bank’s target range of 1-3%. This represents the slowest pace of increase in year-on-year price…
-
How Trump’s Tweets Shape Crypto Markets And Its Key Impacts
•
Cryptocurrency, a frontier of digital assets and speculative intrigue, has long piqued the interest of investors and tech enthusiasts alike. Amid this rise, Donald Trump, known for his bold and unfiltered presence on social media, particularly Twitter, has significantly impacted various sectors, including crypto markets. As the former president weighed…
-
S&P 500 Forecast: UBS Predicts Index to Hit 6,200 by June 2025
•
UBS maintains an S&P 500 forecast of 6,200 by June 2025, citing strong gains in AI and favorable U.S. economic conditions as driving factors. The post S&P 500 Forecast: UBS Predicts Index to Hit 6,200 by June 2025 first appeared on Investorempires.com.
-
Chart Art: EUR/JPY’s Range Resistance Remains Intact!
•
Euro speculators maintain their position against the yen ahead of the European Central Bank’s policy announcement! Do you think that the EUR/JPY pair will remain within its range pattern in the following trading sessions? Or is the pair ready to break through? EUR/JPY for 4 hours Chart by TradingView Within…
-
FX option expiries for 15 October 10am New York cut
•
There are some great stocks on the board today but they may not be activated given the current spot price levels. The EUR/USD pair is at 1.1000, but with the dollar holding strong, this is unlikely to affect the price action in the next session. There are also some big…