European shares rose on Monday, led by an advance in healthcare stocks, as investors awaited more Western sanctions after Ukraine accused Russia of war crimes. The pan-European Stoxx 600 index rose 0.3 percent, after ending the week with a 1 percent increase. Pharmaceutical company Roche rose 1.5 percent after the …
Read More »Japan’s Nikkei rises, supported by gains in Wall Street and Asian stocks
Japan’s Nikkei index closed higher on Monday in a range-bound session, tracking gains in Wall Street and other Asian stock markets, but chip-related stock losses limited the index’s gains. The Nikkei rose 0.25 percent to close at 27,736.47 points, after falling 0.3 percent earlier in the session. The broader Topix …
Read More »Dow Jones Breaks Support 4/4/2022
Oil, Crude, trading
Read More »CAD Trying to Get Positive Signals 4/4/2022
The Canadian dollar’s trying to obtain more bullish momentum to continue working within the bullish correction, benefiting from building a base on the 1.2465 support floor, trying to stabilize above the psychological barrier of 1.2500. Technically, and with careful consideration of the 4-hour chart, we find attempts by the 50-day …
Read More »GBP Facing Negative Pressure 4/4/2022
Oil, Crude, trading
Read More »Gold tests support 4/4/2022
Gold prices achieved the expected bearish scenario, approaching a few points from the official station required to be touched around 1916, recording its lowest level in 1917. Technically speaking, and by looking at the 4-hour chart, we find the simple moving averages continuing the negative pressure on the price from …
Read More »Euro: Negativity is Looking For Confirmation 4/4/2022
Mixed trading dominated the euro’s movements against the US dollar at the end of last week’s trading, within a direction tilted to the downside after the pair failed to stabilize above the resistance level of 1.1150. Technically, we notice that the buying rejection still exists. However, by looking at the …
Read More »Weekly Recap – 28 March – 1 April
The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …
Read More »Free Passes Available Now for iFX EXPO International 2022 Exclusively for Retail Brokers, Affiliates and IB’s for a Limited Time Only
Registration is now open for iFX EXPO International with exciting opportunities for exhibiting and sponsorship. The best news of all however is that if you qualify for a P1 or P2 pass and you register before the 2nd of May, you’ll get your ticket for FREE! The Bank of Canada …
Read More »Market Drivers – US Session – 1 April
GBP/USD fell during US trade on Friday, as the US dollar strengthened versus the majority of its G10 counterparts. following strong US economic data.The US dollar benefitted from a surge in US yields, particularly at the short-end of the curve. The bond market moves reflected a market interpreting Friday’s data …
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