The dollar trades with mixed results on Friday. The yen rises modestly on a calm day. USDJPY sideways, between important technical levels. USDJPY is falling on Friday and bottomed at 139.63, before bouncing towards 140.00. The pair fails to establish itself above 140.00 and maintains a lateral direction, in a day without major price variations […]
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.
S&P 500: Markets rise at the close of the week, the dollar somewhat weak
Equity markets rise in Europe, Wall Street futures in the green. New minimums in weeks for oil prices. The mixed dollar, the kiwi the best among the G10. Markets are trading in the green on Friday, in a generally calm day. The dollar is mixed, while oil remains downhill and metals rise modestly. No impact […]
Sideways EURUSD around 1.0370
The euro trails most of the G10 space. The mixed dollar despite the rise in yields. EURUSD with no clear direction, unable to return above 1.0700. EURUSD is trading a marginal gain on Friday trading around 1.0370. It hit an intraday low at 1.0341 and then climbed to a new high at 1.0395. The dollar […]
Gold Price Forecast: XAUUSD marks daily highs near $1770
Gold rises modestly on Friday after finding support at $1753. Major resistance looms at $1770. Mixed dollar and Wall Street futures rise. The Prayed It rises modestly after two days of declines, in a day of sideways runs between currencies and rises in equity markets. XAUUSD recently hit a daily high of $1,767, then returned […]
Silver Price Analysis: XAGUSD comfortably above $21.00, just below the 200-day SMA
Silver is making a good rebound from the one-week low hit on Thursday. The previous day’s drop and close below the 200-day SMA favor the bears. Any further move higher could face stiff resistance near the $21.70 area. Silver (XAGUSD) regains some positive traction on Friday and recoups some of the previous day’s heavy losses […]
USDCAD struggles to find firm direction, range locked above the 1.3300 level
USDCAD is trading in a tight range on the last day of the week. Bearish crude oil prices weigh on the CAD and offer support for the pair. Lower US bond yields keep USD bulls on the back foot and limit the pair’s upside. The pair USDCAD struggles to gain significant traction on Friday and […]
AUDUSD clings to modest intraday gains around 0.6700, upside potential seems limited
AUDUSD moves slightly higher on Friday amid subdued USD demand, though it lacks continuation. A softer risk tone continues to act as a tailwind for the USD and limits the pair’s gains. China’s issues with COVID-19 and geopolitical risks are also acting as a headwind for the risk-sensitive AUD. The pair AUDUSD extends the overnight […]
GBPUSD clings to gains near 1.1900, lacks bullish conviction
GBPUSD gains some positive traction on Friday amid subdued USD price action. A combination of factors limits the fall of the dollar, which limits the rise of the pair. A bleak outlook for the UK economy is helping to constrain the sterling. The pair GBPUSD is holding on to its modest intraday gains at the […]
Lagarde speech: We hope to raise rates further
The President of the European Central Bank (ECB), christine lagardeis speaking this Friday at the European Banking Congress in Frankfurt. Featured Comments (via Reuters) The ECB will ensure that a phase of high inflation does not fuel inflation expectations. We wait continue to raise rates to the necessary levels to ensure that inflation returns to […]
USDJPY faces more short-term range-bound movement – ​​UOB
USDJPY is expected to remain within the consolidation range of 138.50-142.50 in the coming weeks, according to economist Lee Sue Ann and market strategist Quek Ser Leang of UOB Group. Featured Comments 24 hour view: “We expected USDJPY to “trade within a 138.90/140.20 range” yesterday. USDJPY subsequently fell as low as 138.86 before staging a […]
