The strength of the S&P 500 it has stalled at the 38.2% retracement of the 2022 drop, at 3,999. However, Credit Suisse analysts continue to expect a breakout in due course and another leg higher in the near term to test the stiff resistance of the 200-day moving average, currently at 4,073. 3,860/46 to maintain […]
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.
USDJPY advances firmly above 140.00 against general rise of the dollar
The dollar rises throughout the market before the American session. USDJPY advances but is still within the range of the last few days. Strong fall in the preview of the opening of Wall Street. The USDJPY is having the best day so far this month and is trading in a two-day high around 140.30, before […]
GBPUSD falls below 1.1800 after UK autumn statements
GBPUSD is under strong selling pressure and is weighed down by a combination of factors. A good rally in US bond yields and risk aversion status revive demand for the safe haven dollar. The gloomy outlook for the UK economy weighs on the GBP and contributes to the intraday slide. The pair GBPUSD finds new […]
GBPUSD will return to the 1.10 zone by the end of the year – ING
GBPUSD has rallied on expectations that the UK’s fiscal plans will be more credible and the dollar will be softer. However, ING economists they expect the pair to revert downwards to the 1.10 zone. The British economy will contract every quarter in 2023 “We doubt that 2023 will be the year of a benign dollar […]
EURJPY Price Analysis: Outlook remains positive above 141.00
EURJPY erases part of Wednesday’s rise and falls from 145.00. The three-month support line near 141.00 contains pullbacks. On Thursday, the EURJPY comes under pressure shortly after breaching the key 145.00 barrier. If the corrective bounce gathers strength, the cross should face initial resistance at the November high of 147.11 (9 Nov). Breaking above this […]
UK: We will make tough decisions to tackle inflation – Jeremy Hunt
The UK Chancellor of Finance, jeremy hunt, presents the autumn budget to Parliament, which took on greater importance after the economic and political events in September and October. Hunt said the plan will address the rising cost of living crisis and rebuild the economy. “We will make tough decisions to tackle inflation,” he said. About […]
S&P 500: Futures in the red, the dollar corrects higher
Wall Street futures in the red, those of the Nasdaq lose more than 1%. The dollar gains momentum on Thursday and recovers ground. Oil and metals fall away from recent highs. Markets are trading mostly in the red on Thursday, in a generally corrective day. The dollar gains momentum, while raw materials fall. Stock indices […]
Gold Price Forecast: XAUUSD at two-day lows, testing support at $1760 area
Metals receding before the dollar rises throughout the market. Gold pulls away from recent highs above $1,780 and tests $1,760. Wall Street futures in the red, general correction in progress. The Prayed it is falling for the second day in a row, and is away from the three-month high it hit on Tuesday at $1,786. […]
USDCAD near weekly highs amid weak oil prices and modest dollar strength
USDCAD gains ground for the second day in a row and is supported by a combination of factors. Weakening oil prices are weighing on the CAD and acting as a tailwind for the pair amid a rebound in dollar demand. Traders now await the US macroeconomic releases and Fed statements for further impetus. The pair […]
EURUSD: Buying is probably over – SocGen
EURUSD has held below the 200-day moving average at 1.0419 after the ECB reported yesterday that could reduce the pace to 50 basis points in December. Therefore, Société Générale economists report that the path to a higher Euro could be blocked. Core inflation will probably recede before mid-2023 “The probability of a drop to 50 […]
