Analytical Overview Of The Main Currency Pairs – Wednesday, Nov. 6
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0877 Prev. Close: 1.0928 % chg. over the last day: +0.47 % The euro sharply fell 1.6% to $1.075 on Wednesday, hitting a four-month low, as the dollar rallied after early indications that Trump is likely to win the US presidential election, […]
Sensex Today Rallies 901 Points; Nifty Above 24,450
After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.Benchmark equity indices BSE Sensex and Nifty 50 extended their gains following a higher open on Wednesday, as trends showed Donald Trump leading the race to become the next US President.At the closing bell, the BSE […]
USD/JPY Analysis: Attempts To Break The Uptrend USD/JPY Technical Analysis and Expectations Today:
According to stock trading platforms, Wall Street indices are booming on Election Day. US stocks rose on Election Day as investors awaited the outcome of the tight race between Kamala Harris and Donald Trump. The S&P 500 rose 1%, the Nasdaq 100 gained 1.3% and the Dow Jones rose about 400 points. All sectors were […]
EUR/JPY Price Prediction: Continues To Pullback To Trendline For Sept-Oct Rally
EUR/JPY continues its pullback to the trendline (dashed line on chart) for the September-October rally. The pair is in a short and medium-term uptrend which given the technical analysis maxim that “the trend is your friend” is favored to continue higher. EUR/JPY Daily Chart A break above 166.69 (October 31 high) would probably confirm such a continuation higher. Resistance at […]
Czech Industry Attempts To Recover From Prolonged Slump
Image source: Pixabay Both real industrial output and nominal new orders saw annual gains in September, which bodes well for the Czech economic outlook. It remains to be seen whether the industry has fully recovered, as the ongoing weakness in the German economy continues to pose a challenge. Output and new orders point to the industry’s bottoming […]
The Economically Weighted ISM Average Indicates Economy Expanding Nicely
Image Source: Pexels [I was busy doing my civic duty the past few days. I’ll have something to say about the election at some point later, but not now.]Yesterday the ISM services report came in very strong for the second month in a row, with the headline at 56.0 and the more leading new orders subindex […]
USD/CAD Returns Above 1.3900 As US Dollar Strengthens Across The Board
Photo by Michelle Spollen on Unsplash USD/CAD bounces back above 1.3900 as Trump’s victory strengthens the US Dollar. Investors expect the Fed to cut interest rates by 25 bps to 4.50%-4.75%. The BoC delivered a bigger rate cut due to slowing inflation and weak labor demand. The USD/CAD pair recovers Tuesday’s sell-off and returns above the key figure […]
Risk-On It’s Trump Trades
Markets did a good job positioning for election results – the upswing in yields coinciding with S&P 500, Nasdaq and Russell 2000 (smallcaps took less than 15min after the opening bell to recover) was the telltale, providing for most easy (you may say almost risk-free) intraday long gains in ES and NDX well before the voting ended.No […]
Gold Price Analysis Today: US Elections Raises Upside Risks The Fed’s decision affects market dynamics
As the US election approaches, precious metals prices are witnessing upward momentum, driven by investor uncertainty and anticipation of market volatility. Gold, silver and copper have all been trading higher since yesterday, with experts suggesting that the election outcome could significantly impact gold prices, while silver and copper benefit from broader market trends. The gold price […]
Rates Back Up More
Image source: Pixabay It looks like the U.S. election is yielding a decisive verdict, and that’s good news. Risky assets like stocks and cryptocurrencies are up sharply on the promise of less regulation and further tax cuts from a Republican-led government.In less bullish news, the Treasury market continues to sell off, with a rate backup that […]
