Joshua

Consumer confidence rises above expectations in November. New home sales unexpectedly rise 7.5% in October. The S&P Global Composite falls more than expected in November. EUR/USD soars to its highest level since Friday amid weaker dollar. The EUR/USD It is trading around the 1.0375 area, at the highest level since Friday driven by the weakness […]

Softer-than-expected US inflation led to a sell-off in the dollar, contributing to the recovery in gold prices. In the opinion of ANZ Ban economistsk, this is unlikely to last. Fed rate hike looms over gold “The recent recovery in the price of gold was triggered by softer-than-expected US inflation in October. However, we believe the […]

New home sales in the United States rose unexpectedly in October. The Dollar Index remains in negative territory around 106.50. New single-family home sales increased 7.5% in Octoberup to a seasonally adjusted annual rate of 632,000, data released jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Wednesday. […]

The US S&P Global Services PMI fell more than expected in early November. The US dollar is having a hard time finding demand after disappointing PMI surveys. Business activity in the US service sector continued to contract at an accelerated pace in early November, with the S&P Global services PMI falling to 46.1 points from […]

The Japanese yen gains momentum during the American session amid declining US yields. US data is mixed: Jobless claims are at monthly highs, while durable goods orders rise above expectations. Business activity in the US manufacturing sector contracted in early November and the S&P Global Manufacturing PMI fell to 47.6 points. USD/JPY extends its pullback […]

The US S&P Global Manufacturing PMI dipped below 50 in early November. The Dollar Index extended its daily slide after the data. Business activity in the US manufacturing sector contracted in early November and the S&P Global manufacturing PMI fell to 47.6 from October’s 50.4. This reading was weaker than the market expectation of 50. […]

This is what you need to know to trade today wednesday november 23: Stock markets continued their bullish mood on Tuesday, with more gains for the major indices. Falling bond yields helped, as did some recent results from the retail sector, which followed showing the resistance of the American consumer. However, volume was light in […]

AUD/USD lacks a firm intraday directional trend on Wednesday and is range bound. The dollar’s selling trend offers some support, although a softer risk tone limits gains. Mixed US data does not provide any impetus as the focus is on the FOMC minutes. The AUD/USD pair is struggling to gain significant traction and is bouncing […]

EUR/USD adds to Tuesday’s advance and retests 1.0350. The next step higher is the 200-day SMA near 1.0400. The EUR/USD It advances for the second session in a row and reaches a 3-day high around 1.0350. The continuation of the bounce should initially target the key 200-day SMA at 1.0395 today. Breaking above this zone […]

GBP/USD rises for the second day in a row and hits a new weekly high. Bets on a less aggressive Fed rate hike weigh on the dollar and offer support for the pair. A better than expected UK PMI supports the GBP and contributes to the positive move. The GBP/USD pair builds on the previous […]