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EUR/JPY rose following BoJ decision and German data
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The two-day BOJ meeting concluded with an unexpected adjustment to the Yield Curve Control.…
Dax Hits New Intraday Record, Dow Edges Higher, Nikkei Holds on After BoJ Decision
Article by IG Chief Market Analyst Chris BeauchampDAX, Dow Jones, Nikkei Analysis and ChartsDax surges to new intraday highThe index was given fresh strength by a dovish ECB meeting yesterday. European indices enjoyed a solid…
FX Play of the Day Recaps: July 24 – 27, 2023
In a tough week filled with major, major catalysts and elevated uncertainty, our FX strategists were able to arguably have two ideas play out effectively by the week close. Take a closer look at what happened and why traders had to stay!--sse-->…
XAG/USD stabilizes after a sell-off above $24 as US PCE softens further
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Silver finds stabilization after a sell-off to near $24.00 amid strength in the US Dollar.
The US…
Gold, Silver Look for Support After Strong US Growth Propels the Dollar Higher
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Dollar Boost Poses a Threat to the Long-Term Uptrend in GoldThe long-term uptrend in gold, signified by the ascending channel came…
MULN stock slide continues ahead of next week’s Mullen shareholder meeting
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Mullen stock has lost 22.1% over the past month, 4.7% over past five sessions.
New agreement…
USD/ZAR Shrugs Off Resurgent Dollar, Eyes Break of 17.50 Support
USD/ZAR PRICE FORECAST:
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MOST READ: USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive HikesThe South African Reserve Banks (SARB) recent…
Euro maintains the bullish stance above 1.1000
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Euro looks well bid around 1.1000 against the US Dollar.
Stocks in Europe ended the week mostly on…
Fed’s Favorite Inflation Gauge Slows More than Expected in June, US Dollar Subdued
PCE REPORT KEY POINTS:June U.S. consumer spending climbs 0.5% m-o-m in June, slightly above forecastsCore PCE rises 0.2% on a monthly basis, bringing the annual rate to 4.1%, one-tenth of a percent below market estimatesThe U.S. dollar…
Potential rise of AMD to its resistance level of $128
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Today’s instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD.
Looking…