USDCAD rises to a 1.5-week high, supported by a combination of factors. Bearish oil prices weigh on the CAD and lift the pair amid sustained USD buying. The technical and fundamental setup supports the prospects for a further appreciation move. The pair USDCAD extends last week’s bounce from the support of the 100-day SMA and […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
Oil Futures: A Short-Term Bounce Looks Likely
Preliminary data from CME Group for the crude oil futures markets indicated that traders reduced their open interest positions by nearly 12,000 contracts on Friday, partially reversing previous buildup. Volume, on the other hand, increased for the second day in a row, this time by more than 133,000 contracts. WTI: The September low near $76.00 […]
USDJPY rises to 1-week highs and targets 141.00 amid modest dollar strength
USDJPY rises for the fourth day in a row and hits a one-week high on Monday. Some USD continuation buying continues to offer support for the pair amid the monetary policy divergence between the Fed and the BoJ. A sustained move above the 141.00 level is needed to support prospects for further gains. The pair […]
US to escape recession as global growth slows – Goldman Sachs
Goldman Sachs economists they expect the United States to narrowly avoid a recession next year as the European economy shrinks. Meanwhile, it is anticipated that the China’s GDP to rise slowly in the first half of 2023, then accelerate as covid restrictions are eased. A mild recession in Europe “We expect a global growth of […]
India: Economic growth to slow next year amid rising borrowing costs – Goldman Sachs
Goldman Sachs economists expect India’s economic growth to slow next year as Consumer demand is likely to weaken as borrowing costs rise and benefits of reopening post-pandemic disappear. Featured Comments “The Gross Domestic Product (GDP) could grow by 5.9% in the calendar year 2023compared to the 6.9% estimated for this year”. “Growth will likely be […]
Forex Today: US dollar recovers at the beginning of the week
This is what you need to know to trade today monday november 21: Having closed the last two sessions of the previous week in positive territory, the DXY Dollar Index has started the new week on a bullish tone and has risen to a fresh 10-day high above 107.50. The feeling of risk aversion in […]
EURUSD remains focused on 1.0415 in the short term – UOB
Lee Sue Ann, an economist at the UOB Group, and Quek Ser Leang, a market strategist, point out that the EURUSD needs to break above 1.0415 to challenge the 1.0480 level. Featured Comments 24 hour view: “Last Friday we highlighted that there was limited downside risk to EURUSD and we expected it to “trade between […]
USDJPY Price Analysis: Supported around 140.00, bulls eye 141.00 level
USDJPY is set to end the week with gains of over 1%. Despite the USDJPY falling towards 137.50, the bias remains bullish. USDJPY Price Analysis: Break below 137.50, a drop to the 200 DMA is on the cards; otherwise, the 100 DMA is in the offing. The USDJPY will end the week almost flat, falling […]
USDCHF Price Analysis: Paring Last Week’s Losses and Heading for 0.9600
USDCHF will end the week with gains of over 1%, but the bias is bearish. In the short term, USDCHF has bottomed around 0.9350-0.9450, with buyers heading to 0.9600. The USDCHF It is advancing for the fifth day in a row after falling more than 5% in the past week following a softer-than-expected US inflation […]
USDJPY could see a large downward reversal at the end of the first quarter of 2023 — ING
March 2023 will be especially volatile for the USDJPY. The ING Economists they believe the pair could trade at 130 by the end of next year. The first quarter of 2023 will be a pivotal quarter “The default view is that moderate BOJ Governor Haruhiko Kuroda will not be removed. However, the end of Governor […]
