Category Archive: Finance, No picture
U.S. Trade With China, World Continues Sinking
One month after showing signs of bottoming, trade between the U.S. and China plunged in November 2023.The combined value of goods traded between the U.S. and China sank to $49.4 billion in November, nearly 14% below their level in October 2023. That’s much larger than the typical seasonal drop that occurs between October and November each […]
EURUSD Breaks Above Resistance, Potential For Upside Move
EURUSD has recently broken above the resistance level at 1.0972, suggesting that the downside move from 1.1139 has completed at 1.0876. This breakout indicates a potential for another rise in the coming days.If the price manages to break above the 1.0998 resistance level, it could lead to further upside movement towards the next resistance level […]
USD/CAD Forecast: Looks For Momentum Against The Loonie
In the short term, I’ll be looking at the 1.34 level and seeing whether or not we can break out to offer another 100 pips to the upside. The US dollar has rallied early against its northern neighbor, but there is still a significant amount of resistance at the 1.34 level in the Canadian dollar. […]
Two Trades To Watch: GBP/USD, USD/JPY Forecast – Wednesday, Jan. 10
Photo by Colin Watts on Unsplash GBP/USD falls ahead of BoE Bailey’s appearance BoE rate cut bets pushed back BoE Bailey to appear before the Treasury Select Committee GBP/USD tests 1.27 support GBP/USD has held relatively well against U.S. dollar strength at the start of the year as investors pushed back on BoE rate cut expectations. The market is […]
GBP/USD Forex Signal: Consolidating Likely Ahead Of US Inflation Data Tomorrow
Concerning the GBP, the Governor will be making routine testimony before the UK Parliament at 2:15pm UK time. My previous GBP/USD signal on 2nd January was not triggered, as unfortunately the bullish bounce at $1.2616 came after the London close. Today’s GBP/USD SignalsRisk 0.75%.Trades may only be taken prior to 5pm London time today. Long Trade Ideas Go long following […]
GBP/JPY Advances To Near 184.40 On Downbeat Japanese Labor Cash Earnings Data
Image Source: Unsplash GBP/JPY halts a losing streak on downbeat Japanese labor data. Japanese Labor Cash Earnings (YoY) reduced to 0.2% from the previous reading of 1.5%. Traders will likely observe BoE Governor Andrew Bailey’s speech to gain fresh impetus on the interest rate trajectory. GBP/JPY snaps a two-day losing streak, improving to near 184.40 […]
Analysts Are Pessimistic On Shopify Stock Price: What Now?
Shopify (SHOP) stock price is up for the third straight month as the company switches its strategy from growth to profitability. After dropping sharply in 2022, the stock has staged a strong recovery, rising by over 230% to the current $80.10. This rebound has boosted its valuation, which stands at almost $100 billion. Some analysts are […]
Daily Market Outlook – Wednesday, Jan. 10
Image Source: Unsplash Most stocks in the Asian region saw a decline following the weak performance of Wall St and cautiousness ahead of important inflation data and earnings reports. The Nikkei 225 has reached a level above 34k handle for the first time in more than thirty years, as low wages further support the argument for […]
Traders Positioning Ahead Of Thursday’s US CPI
Image source: Pixabay We’ve seen a lot of sideways trade this week. And the recipe for Wednesday could very well be the same given the super light economic calendar. There is no first-tier risk on the calendar, though we do get a batch of central bank speak.Video Length: 00:00:28More By This Author:Bad News Is Good News […]
BTC/USD Forex Signal: Bitcoin Rally Could Get Supercharged
Bullish view Buy the BTC/USD pair and set a take-profit at 48,000. Add a stop-loss at 45,940. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 45,940. Add a stop-loss at 48,000. Bitcoin held tight as traders waited for the closely-watched spot ETF decision by the Securities and Exchange Commission […]
