July 2024 - Page 80 of 267 -

EUR/USD Stays Below 1.0900 Ahead Of Eurozone Consumer Confidence

Jul 23, 2024 Jeremy Parkinson Finance, No picture 0

EUR/USD retraces its recent gains, trading around 1.0870 during the European session on Tuesday. Traders are likely awaiting the release of the leading Consumer Confidence data by the European Commission (EC) later in the day, which is expected to indicate an economic downturn with an expected reading of -13.2 for July, in comparison with the previous […]

Commodity FX Gets No Help From Higher US Equities

Jul 23, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Markets were all over the place on Monday. US equities put in a decent recovery, though this did nothing to help beaten down commodity FX, with the Australian Dollar, New Zealand Dollar and Canadian Dollar all getting hammered.Video Length: 00:01:04More By This Author:Waiting On The US Market Response To Politics Expect Added VolatilityDoom […]

EUR/USD Technical Analysis: Channel Breakdown Signals Potential Bearish Move

Jul 23, 2024 Jeremy Parkinson Finance 0

The EUR/USD pair has recently broken below the rising price channel visible on the 4-hour chart, suggesting a possible shift in the short-term trend. Let’s break down the key levels and potential scenarios for traders to watch. Key Support Level in Focus The pair is currently testing a crucial support level at 1.0871. This level […]

USD/CAD Forecast Ahead Of The BoC Decision, US PCE Data

Jul 23, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash The USD/CAD exchange rate has rallied for five days straight. The Bank of Canada will publish its interest rate decision on Wednesday. Economists expect the bank to slash rates for the second straight meeting. The USD/CAD exchange rate has risen for five consecutive days as investors focus on the upcoming Bank […]

FX Daily: The Return Of The Magnificent Seven

Jul 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In very quiet FX markets, one theme is whether US tech stocks can return to the highs after a rocky month. Alphabet and Tesla report after the bell today and decent earnings should stand to keep benign FX conditions in play. In emerging markets today, we have rate meetings in Hungary and Turkey. […]

Sensex Today Trades Lower; Suzlon Energy Jumps 5%

Jul 23, 2024 Jeremy Parkinson Finance 0

Most Asian stocks rose on Tuesday as heavyweight technology stocks rebounded from a recent rout, although Chinese markets lagged as sentiment towards the country showed little improvement.Japan’s Nikkei 225 index rose 0.2%, while the broader TOPIX added 0.5% on strength in technology stocksUS stock indices edged higher on Monday as investors assessed Donald Trump’s odds […]

Elliott Wave Technical Analysis: KOSPI Composite Index – Tuesday, July 23

Jul 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash KOSPI Composite Day Chart AnalysisElliott Wave Analysis by Trading LoungeFunction: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Next Higher Degrees Direction: Gray Wave 3 Wave Cancel Invalid Level: 2551.59The KOSPI Composite day chart analysis employs Elliott Wave Theory to provide a detailed examination of market movements. The primary function of the current movement is a counter […]

Mt. Gox transfers $3.2 billion in Bitcoin with $150 million to Bitstamp

Jul 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Mt Gox moved around $3.2 billion in Bitcoin on Tuesday. The transfer is part of a $9 billion repayment plan to creditors. A wallet linked to the now-defunct crypto exchange Mt. Gox transferred $3.2 billion worth of Bitcoin early Tuesday, including 42,587 Bitcoin (BTC), valued at $2.8 billion, to an unidentified address, and […]

GBP/JPY Price Analysis: The Crucial Support Level Emerges Near 202.00

Jul 23, 2024 Jeremy Parkinson Finance 0

GBP/JPY extends decline near 202.20 in Tuesday’s early European session, down 0.45% on the day. The cross keeps the negative stance on the 4-hour chart, with the bearish RSI indicator. The key support level emerges at the 202.00 psychological mark; the upside barrier is seen at 203.16. The GBP/JPY cross remains under some selling pressure […]

Metal Markets Report For Monday, July 22

Jul 23, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:59More By This Author:SPDR ETF Report For Monday, July 22 Financial Markets Report For Monday, July 22 Metal Markets Report For Friday, July 19