Joshua

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 […]

USD/CAD gets some offers on Wednesday and recovers some of the overnight losses. A further drop in oil prices weakens the Loonie and remains a support for the move. Less aggressive Fed rate hike bets weigh on the dollar and could limit the pair’s gains. Traders expect US macro data to get some momentum ahead […]

Initial and continuing orders rise more than expected to highs in months. The dollar falls after data on subsidies and requests for durable orders. The FOMC minutes will come later. The Department of Labor reported that the initial claims for unemployment benefits they increased by 24,000 in the week ending November 19 to 240,000, above […]

The pair EUR/USD down from 1.0350 after mixed Eurozone PMI results. Scotiabank economists report that the pair needs to defend 1.03 to maintain the bullish momentum. Weakness below 1.03 will point to further losses “The data was mixed, but the aggregate Eurozone data was better than expected and either unchanged or slightly stronger than the […]

The DXY adds to Tuesday’s bearishness and breaks 107.00. Further weakness could send the index falling to the 105.30 area. The US Dollar Index (DXY) remains bid and briefly tests the 106.80 zone, or three-day low, on Wednesday. Should the selling pressure pick up, the dollar could give up more ground and challenge the November […]

Société Générale economists believe that the S&P 500 should trade in a wide range of 3,500 to 4,000 points. Ultimately, they expect the S&P 500 to end 2023 at 3,800.. US stocks aren’t cheap yet “The risk premium on US equities is currently below average, despite falling this year, and we put the fair value […]

Today everything revolves around the minutes of the last meeting of the Federal Reserve, while the bulls they hope to find indications that the aggressiveness of the president of the Fed, Jerome Powell, was conditioned by a strong reading of the Consumer Price Index (CPI). Ready to scrutinize the Fed minutes “Today, all eyes are […]

EUR/JPY hits multi-session highs above 146.00. Higher up is the monthly high just above 147.00. EUR/JPY extends weekly bounce and pushes towards multi-session highs above the 146.00 zone on Wednesday. So far, the corrective bounce appears to be in place and the cross should face initial resistance at the November high at 147.11 (9 Nov). […]

The dollar presents mixed results on Wednesday, before US holidays. Gold in negative, while silver rises modestly. The eye returns to the support zone of $1730. Gold is falling on Wednesday and continues to face negative pressure. In the European session it went as high as $1744, but then approached the daily lows and the […]

He loses momentum in the last few hours and falls throughout the market. Eurozone PMI data beat expectations. EUR/USD loses the bullish intraday bias and challenges 1.0300. EUR/USD fell to 1.0296, marking an intraday low after trading just below 1.0350 three hours ago. The decline came despite better-than-expected Eurozone PMI data and a weakening euro. […]