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AUD/USD STRUGGLES NEAR TWO-MONTH LOW, HOLDS ABOVE 0.7200 AHEAD OF US PMIS
- November 23, 2021
- Posted by: Range Markets
- Category: FOREX
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AUD/USD STRUGGLES NEAR TWO-MONTH LOW, HOLDS ABOVE 0.7200 AHEAD OF US PMIS AUD/USD was seen consolidating its recent losses to the lowest level since early October. The USD bulls took a brief pause near a 16-month peak and extended support to the pair. Hawkish Fed expectations acted as a tailwind for the USD and capped
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FTSE 100 RETREATS EVEN AS OVERSEAS INTEREST GROWS
- July 15, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
UK stocks retreated even as the interest of UK firms from foreign entities continued. According to the Wall Street Journal, NortonLifeLock is in advanced talks to acquire Avast in a deal that will value the antivirus company at more than $8 billion. Its stock rose by more than 14% and was the best performer in
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CRUDE OIL PRICE STEADIES AS IEA WARNS ON RISING UNCERTAINTY
- July 13, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
The price of crude oil held steady even after the recent failure by OPEC and its allies to reach an agreement. Brent, the global benchmark, rose by 0.55% to $75.60 while the West Texas Intermediate (WTI) rose by 0.60% to $74.57. In a statement, the International Energy Agency (IEA) warned that the industry faces contradictory
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TRADERS AND INVESTORS AWAIT RATE DECISIONS AND INFLATION DATA
- July 12, 2021
- Posted by: Analysis Team
- Category: FOREX, Weekly Analysis
Data watch During the upcoming week traders and investors look to key interest rate decisions from the Bank of Canada, Bank of Japan and the Reserve Bank of New Zealand and also the CPI inflation report from the United States economy. US CPI is not predicted to be as high as last month, while the
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OIL PRICES RETREAT EVEN AS HEDGE FUND BULLISH BETS RISE
- July 12, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
US and global stocks retreated today as investors waited for the upcoming bank earnings. In Europe, the DAX and FTSE 100 indices declined by more than 0.30% and 0.70% while in the US, futures tied to the Dow Jones and S&P 500 index declined by 0.35% and 0.55%, respectively. Top companies like JP Morgan, Citigroup,
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S&P 500 AND OTHER GLOBAL INDICES RETREAT AFTER FOMC MINUTES
- July 8, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
The Nikkei index declined sharply after recent data showed that foreigners were selling Japanese stocks. According to the Bank of Japan, they sold stocks worth more than ¥310 billion in June after selling an additional ¥147 billion in June. They have dumped the stocks in the past four consecutive months. This trend is partially because
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FTSE 100 INDEX RISES AFTER STRONG WISE PUBLIC DEBUT
- July 7, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
The euro wavered today after the relatively weak German industrial production data. According to Destatis, the country’s factory output declined by 0.3% in May as the auto industry continued facing a major chip shortage. The sector has declined in the past five consecutive months. Energy production also declined while foreign orders for manufactured goods fell
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EURUSD NOSEDIVES AFTER WEAK GERMAN SENTIMENT DATA
- July 6, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
The Australian dollar rose against the US dollar and other currencies after the relatively hawkish Reserve Bank of Australia (RBA) decision. The Central Bank left interest rates unchanged at 0.10% and hinted that the first interest rate hike will come in 2023 instead of the previous 2024. The bank also decided to trim its weekly
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FOMC MEETING MINUTES LIKELY TO SET THE MARKET TONE
- July 5, 2021
- Posted by: Analysis Team
- Category: FOREX, Weekly Analysis
FOMC meeting minutes likely to set the market tone During the upcoming trading week the release of the FOMC Meeting Minutes from the June policy meeting is likely to set the tone for financial markets. Markets participants will likely be anticipating a more hawkish tone from the United States central bank. Traders and investors also
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FTSE 100 RALLIES AS BIDDING WAR FOR MORRISONS INTENSIFIES
- July 5, 2021
- Posted by: Analysis Team
- Category: FOREX, Technical Analysis
UK stocks rallied as investors cheered the new bidding war for the country’s fourth-biggest supermarket chain. Two weeks ago, Morrisons turned down an offer by Clayton Dubilier & Rice (CDR), an American private equity firm. During the weekend, the firm announced that it would accept a separate bid by a consortium of Fortress, Koch Industries,