April 2024 - Page 123 of 153 -

GBP/USD Forex Signal: Bulls Testing Key Resistance At $1.2657

Apr 04, 2024 Jeremy Parkinson Finance 0

GBP/USD eyes resistance at $1.2657; bullish above $1.2588, bearish below $1.2710. US Dollar Index hints at further USD weakness. Watch for price action.My previous GBP/USD signal on 1st April was not triggered, as there was no bullish price action when the support level was first reached that day. Today’s GBP/USD Signals Risk 0.75%. Trades may be entered between […]

BTC/USD Forex Signal: Bearish Pennant Pattern Points To More Downside

Apr 04, 2024 Jeremy Parkinson Finance 0

BTC/USD faces downside risk; bearish pennant signals more drop. Sell with target at 62,500, stop-loss at 63,400. Bullish view: Buy at 66,000, target 68,400. Bearish view Sell the BTC/USD pair and set a take-profit at 62,500. Add a stop-loss at 63,400. Timeline: 1-2 days. Bullish view Set a buy-stop at 66,000 and a take-profit at 68,400. […]

Two Trades To Watch: EUR/USD, Oil Forecast – Thursday, April 4

Apr 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EUR/USD rises post-Powell & ahead of the ECB minutes Powell said the Fed will still cut this year ECB meeting minutes will be released EUR/USD rises above the 200 SMA EUR/USD is heading higher for a third straight day on U.S. dollar weakness after Federal Reserve chair Powell’s comments yesterday and ahead of […]

Fed Rate Hiking Cycles And Recessions: A History Lesson

Apr 04, 2024 Jeremy Parkinson Finance 0

In “The Market Will Soon Hit An Air Pocket And Drop 20% In A Matter Of Months” (Thursday March 28) the second reason I gave for the coming crash was: Monetary policy acts with a lag and will hit the economy shortly. Historically, when the Fed hikes rates so much, it causes the economy to roll over […]

Daily Market Outlook – Thursday, April 4

Apr 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Asian stock markets are mostly trading higher on Thursday, following the positive cues from global markets overnight. This comes as traders react to the latest remarks from US Fed officials, which have helped to alleviate concerns about the outlook for interest rates. Fed Chair Jerome Powell reiterated during remarks at Stanford University that […]

EUR/USD Recovers On Weaker US Services PMIs

Apr 04, 2024 Jeremy Parkinson Finance 0

EUR/USD is rebounding and trading back above 1.0800 on Thursday, following the release of lower-than-expected ISM Services PMI data from the US. The data increases the probability of the Federal Reserve (Fed) cutting interest rates by June, bringing it more in line with the more concrete expectations of when the European Central Bank (ECB) will start cutting rates. The US Dollar […]

US Market Commentary – Thursday, April 4

Apr 04, 2024 Jeremy Parkinson Finance 0

Weak ISM Services Hits DollarThe US Dollar is turning sharply lower into the back of the week, ahead of tomorrow’s keenly awaited March labour reports. Yesterday, the ISM services reading was seen unexpectedly dropping to 51.4 from 52.6 prior, below the 52.8 the market was looking for. On the back of the recent uptrend in […]

EUR/GBP Rises To Near 0.8570 Amid Expectations Of Rate Cuts By Major Central Banks

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/GBP continues its winning streak amid possible rate cuts by major central banks. The Pound Sterling faces challenges as the BoE is expected to initiate rate cuts in June, with odds standing at 66%. ECB’s Pablo Hernandez stated that recent inflation data aligns with the central bank’s mandate of achieving its inflation […]

Counterintuitive Price Action

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Currency and equity markets are finally back in sync on Thursday, though at the same time, they appear to be in sync but also moving in a counterintuitive direction. Everything we’ve seen of late has been supporting the case for less rate cuts than more in 2024.Video Length: 00:01:45More By This Author:Currencies And […]

FX Daily: Dollar Steps Back From The Brink

Apr 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Just when it looked like the dollar was going to push ahead, a soft prices paid component of the US March ISM services release dragged the dollar lower yesterday. With Chinese markets shut and little US data today, expect a holding pattern in FX markets ahead of tomorrow’s jobs data. We will also […]