The US dollar experienced a rise at the start of the trading week, driven by negative market sentiment and heightened demand for safe-haven assets. However, despite the initial uptick, investors advise caution as the week ahead is packed with key economic indicators. The FED and the European Central Bank are set to make their interest […]
Wall Street closed the week on a high note as corporate and economic data showed signs of decreasing inflation. In addition, the Personal Consumption Expenditures (PCE) index, a key measure of inflation, supported the rally. As a result, the three major indices – the S&P 500, the Dow Jones Industrial Average, & the Nasdaq Composite […]
AUD/USD is on an upside stance, exploring new peaks since last year (August). Meanwhile, optimistic MADC signals support buyers. Almost overbought Relative Strength Index and many obstacles challenge immediate upsides. AU-USD bulls celebrate the massive Aussie inflation stats, with the quote renewing 5-month highs near 0.7115 early Wednesday. Alongside Australia’s upbeat quarterly CPI (Consumer Price […]
Market Overview On Monday, Wall Street ended positively as all major indices saw gains. The Dow Jones Industrial Average increased by 0.76%, the S&P 500 by 1.19%, and the Nasdaq by 2.01%. The Nasdaq hit staggering highs, driven by the semiconductor sector. This week is shaping up to be a significant one for earnings, with […]
DOGE price pierced the $0.0813 hurdle and attempted to use the barrier for further upsides. A rebound from the area might trigger a 10% price move toward the $0.0946 selling climax. Flipping $0.813 into resistance would cancel DOGE’s bullish thesis. Dogecoin price reflects clear bounce-off signals at a steady support floor. Resetting bullish strength might […]
GBP-USD revives intraday low as it snaps a 3-day uptrend following the key United Kingdom data. British Retail Sales dipped to -1.0% month-on-month in December against the expected 0.5% and prior -0.4%. Hawkish Fed enables the USD to pare the latest losses regardless of downbeat U.S. data. Positive remarks from Bailey of BoE, JPMorgan’s positive […]
The United States dollar trades relatively flat against other leading currencies on Thursday morning as investors await the U.S. inflation data release later today. Many renowned institutions and banks remain on the sidelines, awaiting data clarifying upcoming interest rate decisions. The March United States Dollar Index hovered at 102.790 during this writing, losing 0.13% or […]
It’s a quiet Wednesday for the GBP-USD, without United Kingdom economic signals to contemplate. The lack of data will leave GBP-USD under the influence of the market’s risk sentiment. The pair showcased movements today morning. Market anticipations of softer United States inflation figures supported partial revivals of the latest loss. Nonetheless, while softer inflation numbers […]
In 2022, the stock market experienced a significant downturn. The S&P 500 index fell by 20%, marking its worst performance since the global financial crisis in 2008 when it saw a 38.4% downturn. The Dow Jones Industrial Average also closed the year down 8.5%, while the Nasdaq dropped by 33%. Investors and analysts attribute these […]
Ethereum (ETH) Ethereum started Wednesday with heavy fluctuations falling to $1,212 before the crypto began to rally. At $1,212, ETH avoided falling below the first key support level. A major or key support level is a price level at which there is a concentration of demand for an asset and acts as a floor. That […]
Good news for European stock markets! The STOXX 600 index soared to a strong start in the new year, fueled by upbeat manufacturing data from the eurozone. This statement suggests that the economic downturn may not materialize, and investors are more optimistic. In addition, consumer discretionary and autos assets saw impressive gains, while luxury brands […]
BTC and ETH joined the broad market slump on Friday. United States economic indicators underperformed predictions, sending risk assets further down. Cryptocurrency market conditions flashed bearishness early today. 2022’s last day opens with a bearish stance. Bitcoin and other cryptos, such as ETH, saw continued struggles as market headwinds deteriorated investor mood. Bulls should heighten […]
On Wednesday, tech stocks experienced a decline, causing the Nasdaq to reach its lowest point since October. The Nasdaq fell 1.1%, the S&P 500 decreased by 0.8%, and the Dow Jones Industrial Average dropped 0.7% or 216 points. Stock markets commonly see daily fluctuations. There can be various reasons for changes in stock prices, including […]
The Bank of Japan recently widened the range in which long-term bond yields can fluctuate due to rising Treasury yields and five straight days of losses in the market. Additionally, U.S. equity futures have slightly decreased as investors attempt to end a four-day losing streak in the stock market. These developments come amid worries about […]
The last two weeks have seen the USD under pressure as the Federal Reserve plans to slow hike pace – a stance that has improved sentiments within the financial markets. So, the USD opened yesterday on a back foot and still dropped over the European session following the release of the latest European PMI figures. […]
RSI is among the effective trading indicators that experienced & newbie traders use. Why is the Relative Strength Index so popular? Well, its simplicity of design could make it easy to familiarize yourself with its application. Another impressive thing about RSI is it supports various trading approaches, and investors can use it with other indicators. […]
If everyone was consistently profitable trading the forex market, everyone would be traders. There’s plenty of truth in the old adage that over 90% of forex traders lose money. The sad reality is that not everyone is fit to be a forex trader. But, even if you’re not cut out to turn a profit in […]
Backtesting a binary options signal service is a little more clear-cut compared to testing Forex or stocks trades because of expiry times. Every signal comes with a recommended expiry time to use, though some brokers allow traders to exit a trade early to cut losses or capture profit. If your broker doesn’t offer this option, […]
Binary Options software and trading signals have the potential to turn the average trader into a great one. I was looking into Binary Options trading signal for some time but finding the suitable one is never easy. While the ideal broker can change the curve of your success, experience and expertise finding one which serves […]
