The US Dollar Index is trading at 105.342 at the time of writing. So far on Tuesday, the dollar has consolidated Monday’s gains on the back of negative political news from Europe, with the dollar jumping after rumors saying that President of France Emanuel Macron is considering resignation. The US …
Read More »How do Biden and Trump’s Teams Tackle Business Concerns, Aspirations?
The Biden and Trump teams are expected to engage in a long-distance economic showdown on Thursday, as both sides try to sell corporate America on their vision for 2025 and beyond. Treasury Secretary Janet Yellen will defend President Biden’s approach at the Economic Club of New York, where she will …
Read More »Euro Drops to One-Month Low Amid Political Concerns and Fed Focus
Political Uncertainty and Rising Dollar Pressure Euro The euro fell to a one-month low on Tuesday, weighed down by political concerns in Europe and the anticipation of key U.S. economic data and Federal Reserve interest rate projections. Investor fears surrounding the rise of eurosceptics in recent European elections and the …
Read More »Dollar Holds Firm Amid Anticipation of US Inflation Data and Fed Meeting
Euro and Yen Weaken as Investors Brace for Key Economic Updates The U.S. dollar maintained its strength, hovering near a one-month high against the euro and reaching a one-week peak against the yen on Tuesday. This resilience comes as traders anxiously await crucial U.S. inflation data and the Federal Reserve’s …
Read More »Asian Markets Tread Cautiously Amid Political Uncertainty in Europe
Asian stock markets displayed a cautious sentiment on Tuesday as investors grappled with renewed political uncertainty in Europe. Gains by right-wing parties in recent elections and the prospect of a snap poll in France have raised concerns about the cohesion of the European Union. Key Market Movements: MSCI Asia-Pacific Index: …
Read More »Oil Prices Slip as Investors Await Key Inflation Data and Fed Meeting
Oil prices edged lower on Tuesday, as market participants adopted a cautious stance in anticipation of crucial U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. These events are poised to offer valuable insights into the trajectory of inflation and its subsequent impact on fuel demand. Brent …
Read More »Dow Jones: Sideways Movement with Divergent Signals 11/6/2024
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Read More »USD/CAD Technical Analysis: Uptrend Continuation Expected 11/6/2024
The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …
Read More »USD/JPY Technical Analysis: Bullish Trend Intact, Further Upside Potential 11/6/2024
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Read More »GBP/USD Technical Analysis: Cautious Optimism Amidst Potential Uptrend 11/6/2024
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