What’s up, guys! Below is my newest assessment of the top 10 of the market. The previous assessment of August 1st is here. As usual, I will compare what has changed since the previous assessment. I will indicate whether same or different authors have presented new products. And I will try to drill into the […]
Stock heatmap by FinViz.com Wed, 02 Oct 2024 13:46:04 GMT Sector Overview Today’s stock market heatmap highlights a pronounced divergence in sector performance. The energy sector stands out, exhibiting robust gains, driven by Exxon Mobil (XOM), which is up by 1.53%. This surge is likely attributed to rising oil prices and increased demand expectations. On […]
Big interest rate moves are always a tricky business. Two weeks ago, the US central bankers may have hoped that by lowering the key interest rate corridor by 50 basis points, they would take the pressure off the table. But there is always the risk that a big interest rate move will only fuel expectations […]
Citi has provided commentary on the potential impact of the upcoming jobs report on the USD. The report, which is set to be released on Friday, has markets anticipating various outcomes for currency pairs involving the USD, such as and , based on different scenarios of the Nonfarm Payrolls (NFP) data. Citi analysts suggest that […]
HSBC Global Research has adjusted its position on the EUR-AUD currency pair, setting a lower target and stop-loss levels for its sell trade idea. On the other hand, the firm revised its target down to 1.5690 from its initial position opened on September 20 at 1.6400. The stop-loss was also tightened to 1.6150. The decision […]
CryptoNews 02/10/2024
– A survey conducted in the US by Harris Poll, with financial support from Grayscale, revealed that over 56% of voters are more likely to vote for a presidential candidate who supports the crypto industry. According to the survey results, almost 40% of voters now pay attention to a candidate’s stance on digital assets (in […]
By David Milliken and Suban Abdulla LONDON, Oct 2 (Reuters) – Global asset prices remain stretched and are vulnerable to a big fall as investors grow more concerned about geopolitical risks, the Bank of England said on Wednesday. The BoE said overall risks to British financial stability were unchanged compared with its last assessment in […]
Investing.com – The price of soared and equity markets suffered weakness in response to the Iranian missile attacks on Israel, but the US dollar gains were more muted, noted UBS, suggesting a market that is not especially over-positioned in short dollar trades. At 05:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against […]
By Tom Westbrook and Harry Robertson SYDNEY/LONDON (Reuters) -The dollar held onto its biggest gains in a week on Wednesday after an Iranian missile attack on Israel drove the buying of safe haven assets as investors fretted about the widening of conflict in the Middle East. The euro was little changed against the dollar at […]
Fundamental Overview The US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40% as a result. On the data side, […]
EUR/JPY weakens to near 158.80 in Wednesday’s early European session, down 0.06% on the day. The negative outlook of the cross prevails, with the bearish RSI indicator. The immediate resistance level emerges at 161.80; the first support level is seen at 158.10. The EUR/JPY cross extends its downside to around 158.80 during the early European […]
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]