FX

Share: The recent price action denotes a reluctance to rotate away from the USD, in the view of economists at ING. Disinflation not enough for the bears The US remains on an encouraging disinflation track, but the Dollar is not turning lower. This is, in our view, due to a lack of attractive alternatives given

Share: Thursday’s mixed inflation data from the United States pleased a slew of Federal Reserve (Fed) policymakers but their tone appears slightly cautious. Firstly, Philadelphia Federal Reserve Bank President Patrick Harker crossed wires, via Reuters, and appeared supportive of the US central bank’s victory while marking the progress on inflation.  However, the policymaker also anticipated a minor

Share: USD/CAD is little changed on the session so far. Economists at Scotiabank analyze the pair’s outlook. Evidence of firm support on dips below the 1.34 area There is a modest, downside bias in spot trends on the intraday chart but there is also evidence of firm support on dips below the 1.34 area.  The

Share: Despite a brief touch at 183.01, the GBP/JPY remains anchored below the 183.00 psychological resistance. Key resistance lies at last week’s high of 183.24, and surpassing this could put YTD high of 184.01 into focus. Support levels to watch include the August 9 low at 182.36, Tenkan-Sen at 181.82, and an established support trendline

Share: Pound Sterling recovery sustains as central bank to keep rates elevated for longer The Pound Sterling (GBP) strengthens after hopes of more interest rate hikes from the Bank of England (BoE) are renewed. The GBP/USD pair discovers buying interest as the United Kingdom inflation is expected to remain well above 2% for the next

Share: GBP/USD fades bounces off one-month low, retreats from 10-DMA. Bearish MACD signals, previous support break joins firmer US Dollar to weigh on Cable pair. China, banking concerns fuel US Dollar and exert downside pressure on Pound Sterling. China inflation, risk catalysts eyed for clear directions. GBP/USD stays depressed near 1.2745 as it fades the

Share: EUR/JPY adds to Monday’s gains and approaches 158.00. Further north emerges the 2023 peak just past 158.00. EUR/JPY gathers extra pace and trades closer to the key 158.00 region on Tuesday. So far, the continuation of the upside momentum appears likely with the initial target still at the 2023 high at 158.04 (July 21).

Share: Are you interested in the latest Stock Market Summary for S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200? Let’s dive into the Elliott Wave Analysis to gain valuable insights. Summary: We may have reached the lows for most indices, but to validate this potential trend reversal, we need to

Share: Euro kicks off the new trading week on the back foot vs. the US Dollar. Stocks in Europe open Monday’s session in the red. EUR/USD recedes to the vicinity of 1.0960 on Fed, risk-off mood. The USD Index (DXY) regains the area above 102.00. Industrial Production in Germany contracted 1.5% MoM in June. EMU’s

Share: S&P 500 couldn‘t keep the fine rebound as all eyes were on „good that the job market is still OK, but maybe the Fed would stop hiking now“ interpretation of weaker than expected non-farm payrolls. Bonds certainly played ball, but it was more than the dollar that pulled stocks down – all sectors declined

Share: EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for the fourth

Share: EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00. Factory orders from June unexpectedly rise by 7%. BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains. On Friday, the EUR/JPY traded above the 156.00 zone, boosted by a stronger Euro following industrial data from June but still, bullish

Share: Mullen held its shareholder meeting on August 3 but it is unclear whether the company received enough votes for another reverse stock split. July US Nonfarm Payrolls surprised to the downside – weighing on the US Dollar but supporting stocks. S&P 500 and NASDAQ 100 both gain in early Friday trade Mullen Automotive (MULN) stock

Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key quotes:  “Fitch’s decision to downgrade the US credit rating has turned

Share: The US Dollar consolidate its weekly gains on Friday. The US Dollar Index moves sideways near 102.50 after touching a multi-week high on Thursday. US July jobs report could drive the USD’s performance heading into the weekend. The US Dollar lost some strength after on Thursday but managed to stabilize early Friday.  The USD

Share: EUR/USD falls to 1.0912 but rebounds before breaching 1.0900, trading at 1.0942 with a slight gain of 0.04% on Thursday. A potential doji formation shows market indecision; the pair might consolidate within the 1.0900/1.1000 range, with 100-day EMA at 1.0894 as a key support level. Resistance lies at 1.0971 (50-day EMA), with further upside

Share: Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso at UOB Group comment on the latest release of inflation figures in Indonesia. Key Takeaways Indonesia’s headline inflation in Jul eased to 3.1% y/y viz. 3.5% in Jun, underpinned largely by decrease in agricultural commodities due to an improvement in food production and stocks. The implementation

Share: NASDAQ Stock Market Report: Analyzing Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), and Alphabet (GOOGL) Video Chapters00:00  NASDAQ 100 07:26 Apple (AAPL)10:59 Amazon (AMZN)12:33 NVIDIA (NVDA)13:23 Meta Platforms (META)15:55 Netflix (NFLX) 16:30 Alphabet (GOOGL)17:55 Microsoft MSFT18:33 Tesla (TSLA)21:16 End Welcome to our comprehensive stock market report, where we delve