Market Daily Update 2 NOV 2023
EUR/USD Intraday: further advance. Pivot: 1.0560 Our preference: Long positions above 1.0560 with targets at 1.0615 & 1.0640 in extension. Alternative scenario: Below 1.0560 look for further downside with 1.0540 & 1.0515 as targets. Comment: The RSI is bullish and calls for further advance. GBP/USD Intraday: the upside prevails. Pivot: 1.2155 Our preference: Long positions above 1.2155 […]
Daily Update 1 NOV 2023
EUR/USD Intraday: under pressure. Pivot: 1.0595 Our preference: Short positions below 1.0595 with targets at 1.0555 & 1.0535 in extension. Alternative scenario: Above 1.0595 look for further upside with 1.0615 & 1.0635 as targets. Comment: The RSI is mixed to bearish. USD/JPY Intraday: the upside prevails. Pivot: 150.85 Our preference: Long positions above 150.85 with targets at […]
Daily Market Update 26 OCT 2023
EUR/USD Intraday: the downside prevails. Pivot: 1.0580 Our preference: Short positions below 1.0580 with targets at 1.0525 & 1.0505 in extension. Alternative scenario: Above 1.0580 look for further upside with 1.0605 & 1.0625 as targets. Comment: The RSI shows downside momentum. USD/JPY Intraday: the upside prevails. Pivot: 150.15 Our preference: Long positions above 150.15 with targets at […]
Market Daily Update – September 27, 2023
Disclaimer: This market update is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies and forex involves substantial risk and may not be suitable for all investors. Global Markets Overview: As we enter the final quarter of 2023, the financial markets continue to experience a mix of opportunities and challenges. […]
Market Daily Update – 26 September 2023
Welcome to today’s market update, where we’ll provide you with the latest insights and trends in the financial markets. As of September 26, 2023, here are the key highlights: 1. Global Equity Markets: Global equity markets showed mixed performance today. Asian markets, led by strong gains in Japan’s Nikkei 225 and South Korea’s KOSPI, saw […]
Daily Market Update 25 September 2023.
Welcome to today’s market update for September 25, 2023. In the ever-evolving world of trading, it’s essential to stay informed about the latest trends, news, and developments in the financial markets. We’ll provide you with insights into popular currency pairs, major indices, and commodities, helping you make informed decisions for your trading strategies. Forex Market: […]
Federal Funds Rate News Analysis – September 2023
Federal Reserve Holds Steady Amid Economic Uncertainties In its latest decision on September 20, 2023, the Federal Reserve announced that it would maintain the Federal Funds Rate within the current range of 1.75% to 2.00%. This decision was met with anticipation as the central bank assessed the state of the economy amid ongoing global challenges. […]
Market Trading Analysis – September 20, 2023
Stock Market: The stock market opened today with a mixed outlook, reflecting a combination of economic data and global developments. Here are the key highlights from today’s trading session: Forex Market: Currency pairs experienced various movements during the trading session: Commodities: Commodity markets displayed diverse movements: Analysis Summary: Today’s trading session featured mixed sentiment across […]
Market Daily Update – September 19, 2023
Stock Market: The stock market opened with mixed sentiment today as investors continued to monitor economic data and global events. Here are some highlights from today’s stock market movement: Forex Market: In the forex market, currency pairs experienced some notable movements: Commodities: Commodity markets witnessed varying movements: Please note that market conditions can change rapidly, […]
Daily Forex and Commodities Market Update – September 18, 2023
Today’s critical developments in the forex and commodities markets: Forex Market: EUR/USD (Euro/US Dollar): The EUR/USD pair opened the day at 1.1800 and has since experienced moderate fluctuations. Currently trading at 1.1825, the pair remains relatively stable amid cautious market sentiment. Traders are closely watching for any developments regarding monetary policy from the European Central […]