News
Paypal Earnings on Deck US payment systems company Paypal is due to report Q2 earnings today and, on the back of 5 consecutive quarters of earnings growth, traders are keen to see if the company can make that 6. On the numbers front, the market is looking for EPS of $1.154 on revenues of $7.274 […]
TitleGBPUSD H4 | Potential bullish reversal? TypeBullish Bounce Preference: Price is currently at our pivot point of 1.27734 which is an overlap support that lines up with 61.8% Fibo projection. A bounce off from here, price could push up to 1st resistance at 1.28715 Alternative scenario:However, if price breaks below the pivot, it could fall […]
US Data Disappoints The US Dollar is trading higher today as stocks come under pressure on the back of weak US data yesterday and a ratings downgrade from Fitch. On the data front, the US ISM manufacturing PMI was seen printing 46.4, below the 46.9 the market was looking for. Meanwhile the ISM prices index […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are hovering above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI is nearing the support line. In these circumstances, the quotes are expected to test the 6/8 (142.18) level, then rebound from it and reach the resistance at 8/8 (143.75). The scenario […]
The steep increase in yields of US Treasury bonds across all maturities triggered a correction in the US dollar’s value this week. The US currency index tested the resistance level near 102.50 yesterday and continued its upward trend on Wednesday: The price remains within a downtrend corridor but is vigorously growing due to surprises in […]
The FTSE Finish Line – August 2 – 2023 FTSE US Credit Rating Adjustment Weighs Risk Appetite UK’s FTSE 100 index opened lower, before trading down by 1.35%, reaching a two-week low. The global risk sentiment was affected by ratings agency Fitch’s decision to cut the United States’ credit rating. Meanwhile, the FTSE 250 midcap […]