Joshua

The silver market falls to a 1-week low on Thursday, but finds support above the $21.00 level. The mixed technical setup warrants some caution before opening aggressive directional positions. A convincing break below the $21.00 level is needed to support the prospects for further losses. Silver (XAGUSD) extends this week’s pullback from five-month highs and […]

The dollar index (DXY) has been trading sideways since the start of the week. In the opinion of economists commerzbankthe USD slide is likely to have come to an end. Levels around 1.04 are the new comfort level in EURUSD “The USD slide can be considered to be over. Some people may not have realized […]

This is what you need to know to trade today thursday november 17: Although geopolitical tensions appear to have increased, investors remain cautious early Thursday and major currency pairs trade in tight ranges. The Dollar Index is holding steady above 106.00 and the 10-year US Treasury yield is quiet around 3.7%. Eurostat will publish the […]

In light of the recent price action, the GBPUSD could try to consolidate in the short termaccording to economist Lee Sue Ann and market strategist Quek Ser Leang of the UOB Group. Featured Comments 24 hour view: “We highlighted yesterday that GBPUSD is unlikely to strengthen further” and expect it to “trade sideways between 1.1800 […]

Lee Sue Ann, an economist at the UOB Group, and Quek Ser Leang, a market strategist, point out that expect EURUSD to continue rising and hit a strong hurdle around 1.0480. Featured Comments 24 hour view: “We highlighted yesterday that the outlook for EURUSD is mixed and we expect it to “trade choppy between 1.0270 […]

“Chinese regulators have asked banks to report their ability to meet short-term obligations after a rapid sale of bonds triggered a spate of investors withdrawing from fixed income products.according to people familiar with the matter,” Bloomberg reported early Thursday morning. The news has also mentioned that the unscheduled regulatory consultations coincided with the biggest slump […]

“The stability of the financial market is the most important factor to take into account at the time of exit“, the executive director of the Bank of Japan (BOJ), Shinichi Uchida, mentioned early on Thursday. The senior BoJ official has also mentioned that a rate hike before the balance sheet adjustment is possible in an […]

“Calibrating China’s zero-COVID strategy to mitigate the country’s economic impact will be critical to sustaining and balancing the recovery“Gita Gopinath, first deputy managing director of the International Monetary Fund (IMF), said at the Caixin Summit on Thursday. Gopinath has also added, through a video call, that in the case of China, inflation and weakening growth […]

In the last Monetary Policy Report for the third quarter, published on its website, the People’s Bank of China (PBoC) states that “will monitor the potential for rising inflation, especially changes on the demand side, and will continue to consolidate the favorable conditions for the increase in national cereal production and the proper functioning of […]

The Australian Bureau of Statistics’ unemployment rate release has exceeded expectations, as has employment and full-time employment data, which are as follows: Change in employment: +32,200 (versus +15,000 expected). Unemployment rate: 3.4% (versus 3.6% expected). Full-time employment: +47.100 s/adj. Participation rate: +66.5%, s/adj (Reuters poll: +66.6%). On Australian employment data The Australian Bureau of Statistics […]