Author: FX
NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during the week, but the pair could be ready for a change of trend. The Relative Strength Index (RSI) is hovering near 50, indicating that the pair is near neutral territory. If the RSI can move above 50, it could signal a potential shift in market…
Economic data surprises, risk sentiment plot twists, and central bank speculations made for a busy trading week for the major currencies! Source link
Positive economic reports and talks of interest rate cuts for major central banks helped fuel a risk-friendly environment for a lot of risk assets this week. But the optimism is marred by the possibility of rising and widespread geopolitical conflict in the Middle East. How did your closely watched assets react to these market themes? Let’s break them down: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Oragenics files to sell 2.4M shares of common stock Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The Canadian Dollar was broadly softer, but gained against USD on Friday. Canada is due to release its latest CPI inflation update next week. US consumer sentiment ticked higher in August, sparking an uptick in risk appetite. The Canadian Dollar (CAD) was overall softer on Friday, shedding weight across the currency board, but still found gains against the risk-appetite-weakened Greenback to wrap up the trading week. Broad-market risk sentiment improved further on Friday as upbeat US data prints help to temper recent investor fears of a US recession. Canada will be bringing its latest round of inflation data next Tuesday,…
NZD/USD resumes gains and sees more than 1% gains, rising to 0.6050. Rising green bars on the MACD and RSI around 55 indicate increasing bullish momentum. Pair trades above immediate support of 0.6030, and faces resistance at 0.6070-0.6100. In Friday’s session, the NZD/USD pair resumed its upward trajectory, extending gains to 1% to reach 0.6050 and managed to clear part of the last two sessions’ losses. On the daily chart, the Relative Strength Index (RSI) is currently around 57, indicating a positive momentum. The Moving Average Convergence Divergence (MACD) is showing rising green bars, further supporting the bullish outlook. These indicators…
Dow Jones chalked in further gains on Friday as investors sentiment climbs. Equities are on pace for one of their best weeks of the year. Consumer sentiment indicators ticked higher on Friday. The Dow Jones Industrial Average (DJIA) notched in 100 points on the high side on Friday after kicking the day off on the low side. Bids tested low early in the day before recovering the 40,500.00 level and investors are knocking on one of the index’s best single-week performances of the year to-date. The Dow Jones is up nearly 4% from Monday’s opening prices as investors find the…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
GBP/USD dailyHSBC analyzes the factors behind GBP’s strong performance in 2024 and discusses the potential challenges ahead. While the currency has been resilient due to its high carry, HSBC warns that the outlook may not remain as favorable, especially with expected further rate cuts by the Bank of England (BoE).Key Points:Conclusion:While GBP has shown remarkable resilience in 2024 due to high carry, HSBC foresees potential challenges ahead. The BoE’s continued rate cuts, coupled with the narrowing carry advantage, may lead to a decline in GBP’s strength, with targets of GBP/USD at 1.26 by the end of Q3 and 1.25 by…