July 2024 - Page 69 of 267 -

GBP/USD Forex Signal: Rally Still Intact Despite The Pullback

Jul 24, 2024 Jeremy Parkinson Finance 0

Bullish view Buy the GBP/USD pair and set a take-profit at 1.3000. Add a stop-loss at 1.2800. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2885 and a take-profit at 1.2800. Add a stop-loss at 1.3000. The GBP/USD pair retreated this week as traders and analysts remained divided on the next price action ahead of this […]

Ethereum Price Is Entering A Sideways Consolidation

Jul 24, 2024 Jeremy Parkinson Finance 0

Ethereum chart analysisEthereum’s price has been losing momentum in the past two days, showing us bearish signs. This led us to see the formation of a new glacial low at the $3393 level last night. For a short time, the price was below the EMA 200 moving average, and later, we saw a return above $3450. Today’s […]

GBP/JPY Dives To Near 199.50 As Traders Adopt Caution

Jul 24, 2024 Jeremy Parkinson Finance, No picture 0

GBP/JPY continues to lose ground for the fourth consecutive day, trading around 199.50 during the Asian session on Wednesday. This downside could be attributed to the improved Japanese Yen (JPY) likely due to a return of risk-off flows. The Bank of Japan (BoJ) may raise interest rates at next week’s policy meeting, prompting short-sellers to […]

Signs Of Elevated Stress In Global Financial System

Jul 24, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay We’ve been seeing signs of elevated stress in the global financial system. Commodities prices have been hit hard, particularly the growth correlated pro-cyclicals. Meanwhile, the US Dollar has been broadly bid.Video Length: 00:00:54More By This Author:Commodity FX Gets No Help From Higher US Equities Waiting On The US Market Response To Politics Expect […]

USD/CHF Trades With Mild Losses Near 0.8900, Eyes On US PMI Data

Jul 24, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CHF pair trades on a weaker note near 0.8905 during the early European session on Wednesday. The weakness of the pair is supported by the prospect of US Federal Reserve (Fed) rate cuts this year, which drag the Greenback lower across the board. Traders await the preliminary US July S&P Global Purchasing Managers Index (PMI) for fresh […]

Sensex Today Trades Lower; Nifty Below 24,450

Jul 24, 2024 Jeremy Parkinson Finance 0

Asian equities declined, following an unimpressive start to the earnings reports from the “Magnificent Seven” megacap technology companies.Stocks in Japan, South Korea and Australia declined.US stock indices were muted on Tuesday amid mixed second quarter earnings and ahead of results from Alphabet and Tesla.Here’s a table showing how US stocks performed on Tuesday: Stock/Index LTP […]

EUR/USD Forex Signal: Bearish Breakdown Below Price Channel

Jul 24, 2024 Jeremy Parkinson Finance 0

My previous EUR/USD signal on 17th July may have produced a losing short trade from $1.0945 on the price action, even though this turned out to be a very correct resistance level which would have produced a great trade on the second test that day. Today’s EUR/USD Signals Risk 0.75%. Trades must be entered prior to 5pm London […]

US Dollar Index Hovers Around 104.50 With A Risk-Off Sentiment

Jul 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The US Dollar receives support from the increased risk aversion. The upside of the Greenback could be limited due to the dovish sentiment surrounding the Fed’s policy stance. The decline in the Treasury yields could put pressure on the US Dollar. The US Dollar Index (DXY), which measures the value of the US Dollar […]

BTC/USD Forex Signal: Bitcoin Is Extremely Bullish Above 68,453

Jul 24, 2024 Jeremy Parkinson Finance 0

Bullish view Buy the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 64,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 65,000 and a take-profit at 63,000. Add a stop-loss at 68,000. The BTC/USD pair retreated slightly this week even as the crypto market received some important good news. Bitcoin fell to […]

FX Daily: Bank Of Canada To Double Down On Divergence

Jul 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash We expect a 25bp rate cut in Canada today as inflation continues to decelerate and the jobs market loosens. The move may help cement Fed cut bets further. Elsewhere, EUR/USD broke its recent range to trade lower as the dollar still seems to benefit from the Trump trade. Meanwhile, SEK and NOK are close to […]