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Analytical Overview Of The Main Currency Pairs – Thursday, Nov. 23

Analytical Overview Of The Main Currency Pairs – Thursday, Nov. 23

Image Source: Pixabay  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0905 Prev Close: 1.0887 % chg. over the last day: -0.16 % Stronger than expected economic news from the US on Wednesday on weekly jobless claims and the University of Michigan inflation expectations for November supported the moderate growth of the dollar. The strengthening of […]
Sensex Today Ends Flat; Nifty Below 19,850

Sensex Today Ends Flat; Nifty Below 19,850

Image Source: Unsplash  After opening the day on a positive note, Indian share markets exhibited lackluster trade amid mixed global cues and ended the day flat.Benchmark indices Sensex and Nifty 50 ended Thursday’s session flat. Alongside a surge in US markets and a decline in crude oil prices, the benchmark equity indices witnessed gains in early […]
USDJPY To Hit 150.055 Resistance Level?

USDJPY To Hit 150.055 Resistance Level?

The USDJPY is currently in a downtrend and busy with a correction wave.The price bounced off a weekly support level and might be heading for a potential weekly resistance level of around 150.055. There might be some more upward potential, but the weekly resistance could encourage sellers to enter the market with a possible new […]
The Divergent Paths Of India And China In 2023

The Divergent Paths Of India And China In 2023

Image Source: Pixabay  In the dynamic arena of emerging markets, the trajectories of India and China this year present a study in contrasts. The MSCI India benchmark, an indicator of the Indian market’s large and mid-cap segments, has seen a notable uptick of 3.8% as of October 31st. This growth is attributed to robust economic expansion […]
ECB Minutes Confirm More Cautious Take On Growth

ECB Minutes Confirm More Cautious Take On Growth

Image Source: Pexels  The just released minutes of the ECB’s October meeting show a more concerned central bank regarding the growth and a clear attempt to stick to ‘high for longer’.The European Central Bank (ECB) is back to releasing minutes of its meetings three and not two weeks ahead of the next meeting. With this development, […]
Dogecoin Stabilizes Above 0.07500 And Shiba Above 0.00000800

Dogecoin Stabilizes Above 0.07500 And Shiba Above 0.00000800

Dogecoin chart analysisDogecoin price is in a bullish trend after falling to the 0.07063 level on Tuesday evening. Today, we see a steady move above the 0.07500 level and expect to see further recovery and growth to higher levels. In the zone around the 0.07700 level, we encounter the EMA50 moving average, which could increase […]
GBP/USD Rebounds On Strong PMI Data

GBP/USD Rebounds On Strong PMI Data

Photo by Colin Watts on Unsplash   The GBP/USD managed to make back its losses from the day before and some. It was boosted by stronger-than-expected PMI data, which helped to push rates well north of the 1.25 handle to reach its highest level since early September. The dollar had also fallen against other major currencies, suggesting that the […]
US Dollar Steady Below 104 With US Markets Enjoying Thanksgiving

US Dollar Steady Below 104 With US Markets Enjoying Thanksgiving

 Image Source: Pexels   The Greenback is unable to hold on to gains ahead of this week’s close.  US Traders are absent this Thursday as Thanksgiving and Black Friday will keep US trading desks closed. The US Dollar Index breaks below 104 again and is facing a loss for this Thursday and for this week’s performance […]
Silver Forecast: Looking Toward The Thanksgiving Holiday

Silver Forecast: Looking Toward The Thanksgiving Holiday

In the end, the recent performance of silver has been characterized by notable fluctuations, but the potential for an upward trajectory toward the $24 mark persists. Silver exhibited some early volatility during Wednesday’s trading session, initially opening lower with a gap before subsequently reversing its course and demonstrating a notable degree of resilience. When considering the […]
Wall Street Hikes Nvidia Price Target After Better Than Expected Q3

Wall Street Hikes Nvidia Price Target After Better Than Expected Q3

Image Source: Unsplash  Wall Street remains bullish on the chipmaking giant after another massive quarter.Nvidia (Nasdaq: NVDA) impressed investors and analysts on Tuesday after reporting another massive quarter, showing a 206% surge in revenue amid the current artificial intelligence (AI) mania. Interestingly, the stock fell in the post-earnings session, but that has not detracted from the analysts’ confidence in […]