Latest Market News
President Joe Biden is slated to meet Wednesday with CEOs from a number of companies as he tries again to push for passage of his social-spending and climate bill, according to multiple published reports. General Motors GM, -1.41% CEO Mary Barra, Ford F, -2.01% CEO Jim Farley, Microsoft MSFT, -2.66% President Brad Smith, Salesforce.com CRM, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3474; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3505 and then resume moving downwards to reach 1.3355. Another signal in favour of a further downtrend will […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no […]
European Forex news roundup: The dollar rises slightly, but US futures point downward It was a rather calm session, as markets appear to be more cautious following Wall Street’s dramatic recovery late yesterday. Since Asian trading, US futures have been trending lower, and they have remained so throughout European morning trade. As a result, the […]
AUDNOK Breaks The ChannelThe recent AUDNOK breakout trade idea has hit its first target at 6.4202. With MACD and RSI firmly bullish here, the focus remains on the bigger target at 6.5046.Despite the broader wave of risk aversion we’ve seen, AUD has benefitted against NOK firstly as a result of softer oil prices this week […]
Markets Rattled By Russia/Ukraine Military FearsIt’s been a volatile start to the week for benchmark global equities indices. Asset markets have seen wild price action over the last 24 hours with stock prices plunging amidst rising geo-political fears before recovering off the lows. Once again today, however, risk markets are back under pressure as uncertainty […]