Latest Market News
Yuan Rallies on Better Data The Chinese Yuan is rallying today on the back of better-than-expected data and a fresh set of economic support measures delivered overnight. The Caixin manufacturing PMI was seen moving back into positive territory last month at 51 from 49.2 prior, above the 49 the market was looking for. The unexpected […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the lower boundary of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper boundary of the Cloud at 1.0850 is expected, followed by a decline to 1.0680. A signal confirming the decline will be a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the support level at 1.0780. However, the price could correct to 1.0850 and continue the downtrend after the […]
SEC Delays Bitcoin RulingFollowing a break higher earlier in the week on fresh USD weakness, crypto prices have come back under pressure into the second-half of the week. News that the SEC has delayed its decision on whether to approve a spot Bitcoin ETF, for all applicants, has fuelled uncertainty in the market and sent […]
US Jobs Data on Watch The main focus for traders today will of course be the latest round of US jobs data. Stocks have been trading higher recently against a backdrop of softer-than-forecast US data, strengthening the view that the Fed will hold off from tightening in September. In terms of forecast for today’s release, […]
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