Share: USD/CHF plunges to a two-month low of 0.8889, down 0.72%, due to weaker-than-expected US labor data and a weakened US Dollar. The pair breaches a two-month support trendline, extending losses below 0.8900. The next target is the year-to-date low of 0.8819, pending a breakthrough of the 0.8850 psychological level. If buyers reclaim […]
“Stocks did well last week, when they closed at the highs, despite hawkish Powell” Trading, analyzing the market and catching up the right trend might Source link
Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must regain the 0.8600 level and surpass the May 24 daily low resistance of 0.8648 to shift […]
Share: Natural Gas price recovers following the release of US inflation data which comes out lower than expected, weighing on the US Dollar. Natural Gas had been trading flat-to-lower prior to the data on Friday due to greater-than-expected stockpiles in Europe. This largely eclipsed US data out on Thursday showing a fall in inventories last […]
Share: Nio gained 11.2% to close at $9.34 per share on Tuesday. NIO stock traded lower in six consecutive sessions before Tuesday’s pop. Hong Kong and Chinese stock markets both largely flat on Wednesday. Politician announces that Chinese economy will reach 5% growth rate in 2023. Nio (NIO), the Chinese electric vehicle (EV) […]
