EUR/USD
US Stocks Slide Amid Economic Resilience and Tech Earnings Concerns | Daily Market Analysis
Key events: USA - Core PCE Price Index (MoM) (Sep) USA - Core PCE Price Index (YoY) (Sep) Eurozone - EU Leaders Summit US stocks experienced a significant decline on Thursday, primarily driven by a drop in tech and tech-related large-cap stocks. This downturn was in response to a mix of quarterly earnings reports and indications of economic resilience, which could potentially lead the Federal Reserve to maintain higher interest rates for a longer duration than initially anticipated.
Stock Market Up Despite Bank Collapse - Fed, ECB Meetings in Focus | Daily Market Analysis
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Ripple Analysis | Is XRP a Good Investment?
Ripple is a digital cryptocurrency asset designed to facilitate real-time global payments without the need for a third-party intermediary. This cryptocurrency is seen by some investors as an attractive alternative to Bitcoin. This altcoin is available to investors on cryptocurrency exchanges and at brokers such as AdroFx. Before you start investing, let us learn more about its mechanisms as well as price forecasts and perspectives.
US Retail Sales Data Fails to Add Any Clarity | Daily market Analysis
Key events: Australia – Employment Change (Jan) USA – Building Permits (Jan) USA – Initial Jobless Claims USA – Philadelphia Fed Manufacturing Index (Feb) USA – PPI (MoM) (Jan) The U.S. stock market ended Wednesday's trading on the plus with growth in the last hour of the session. Traders tried to assess the next batch of statistical data on the U.S. economy and draw conclusions as to what they could mean for the further policy direction of the Federal Reserve System.
Euro Area to Open Higher in Anticipation of German CPI and UK GDP | Daily Market Analysis
Key events: UK – BoE MPC Treasury Committee Hearings Eurozone – EU Leaders Summit USA – Initial Jobless Claims Yesterday we could see another day of record highs for the FTSE100, as European markets again outperformed US markets, which bounced back.
Dollar Volatility Rises as Markets Fear a U.S. Recession Again | Daily Market Analysis
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Support and Resistance Levels Explained
Support and resistance levels are the basic concepts of technical analysis. Strategies based on technical analysis are built on psychological and mathematical patterns of previous periods. One such pattern is resistance and support levels, which determine the marks of the most probable change in price direction or confirmation of trend continuation. They can be used both by new traders and experienced investors. In this article, we will learn what support and resistance lines are, how to draw them correctly, as well as how to apply this knowledge to real trading.
Euro Has No Chance Against the Dollar |Daily Market Analysis
Key events: Eurozone - EU Leaders Summit USA - Nonfarm Payrolls (Sep) USA - Unemployment Rate (Sep) Canada - Employment Change (Sep) The European currency is slightly rising against the U.S. dollar during Thursday's session and is quoted near 0.9800. The pair EUR/USD is showing an upward trend after an active decline the day before, as a result of which the euro has renewed the local minimum at 0.9832.
All Eyes On Forex | Daily Market Analysis
Key events: UK - GDP (MoM) UK - Manufacturing Production (MoM) (Jul) UK - Monthly GDP 3M/3M Change