GBPUSD plunged to a new almost two-month low of 1.2517 on Monday’s session, falling beneath the short-term trading range and the 200-day simple moving average (SMA).
EUR/USD: Three reasons why the Dollar may strengthen against the Euro throughout 2024 – Crédit Agricole
Economists at Crédit Agricole outline three key reasons for its bearish outlook on EUR/USD throughout 2024.
SP 500 repelled the sellers early in the regular session
S&P 500 repelled the sellers early in the regular session, but question marks over the bulls‘ strength remains – in Saturday‘s video I called for the correction to open the week, and it did – you can see how we approached it in our intraday channel.
EUR/USD flirts with two-month low, remains vulnerable while below 100-day SMA
The EUR/USD pair attracts fresh sellers following an intraday uptick to the 1.0765 region and drops back closer to a two-month low during the European session on Tuesday.
EUR/GBP: Correction could extend towards 0.8455 and 0.8385 on failure to defend 0.8490 – SocGen
EUR/GBP has experienced a deeper down move after giving up the 200-Day Moving Average (DMA) last month now at 0.8625.
Will COST provide any short term trading opportunity?
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries.
USD/CAD could head higher towards December peak of 1.3620 on a break past 1.3540 – SocGen
USD/CAD is heading towards 1.3540. Economists at Société Général analyze the pair’s technical outlook.
Tough times for the Swedish Krona – Commerzbank
Economists at Commerzbank analyze the Swedish Krona’s (SEK) outlook following the Riksbank's decision on Thursday, which was a dovish turn.
WTI struggles for a firm intraday direction, stuck in a range near $73.00/barrel mark
West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful traction on Tuesday and oscillate in a narrow range through the mid-European session.
Silver Price Analysis: XAG/USD declines toward $22 as Fed pushes back aggressive rate-cut hopes
Silver price (XAG/USD) continues its two-day losing spell and is declining towards the crucial support of $22.00 in the European session on Tuesday.