The Dow Jones Industrial Average (DJIA) surged to a historic high on Friday, surpassing 44,000 points as stocks wrapped up a robust week. Rising nearly 5% for the week, the DJIA closed on a high note, driven by a combination of strong consumer sentiment and recent economic developments. This upward […]
In a challenging week for the NZD/USD pair, the currency pair has been persistently rebuffed by the 20-day Simple Moving Average (SMA), a key resistance level that has thwarted upward momentum for the fourth time in a row. This repeated rejection suggests a strong bearish trend on the horizon, pointing […]
The EUR/USD pair is seeing a resurgence today, bouncing back after a volatile Friday, with the release of the latest US payrolls data. As we head into a critical week with the US election dominating market sentiment, the euro’s performance is significantly influenced by shifts in the US Dollar (USD) […]
Silver prices remain largely unchanged on Thursday, with XAG/USD trading at $31.18 per troy ounce, marking a slight 0.07% dip from the previous day’s price of $31.20. Despite this modest movement, silver continues to show remarkable performance over the course of 2024, with a notable year-to-date increase of 31.02%. As […]
Silver (XAG/USD) is currently under pressure, with bears maintaining control as the price trades below critical support levels. For the second consecutive day, silver is moving in a negative direction, struggling to sustain any significant recovery. As of Thursday morning, silver holds just above the $31.00 mark, but technical indicators […]
The Bank of England (BoE) is poised to cut its policy interest rate by 25 basis points at its upcoming meeting on Thursday, as inflation in the UK continues to ease, signaling a shift in monetary policy. This move follows months of tightening as the BoE battles persistent inflation, and […]
The Australian Dollar (AUD) has regained some strength as the US Dollar (USD) faces pressure ahead of the Federal Reserve’s highly anticipated decision on interest rates. On Thursday, China’s stronger-than-expected trade data provided a boost to the AUD, although a disappointing Australian Trade Balance report weighed on its momentum. As […]
Germany’s industrial sector has shown signs of struggle, with the latest data revealing a 2.5% month-on-month (MoM) decline in industrial production for September. This marks a significant miss compared to the expected drop of just 1.0%. The results, published by Germany’s federal statistics authority Destatis on Thursday, also showed a […]
The Japanese Yen (JPY) has struggled to build on modest intraday gains, remaining under pressure as it grapples with market dynamics, including potential intervention by Japanese authorities and uncertain signals from the Bank of Japan (BoJ). As the currency seeks stability in a volatile global environment, several key factors are […]
The USD/INR pair gained momentum in Thursday’s early European session as the Indian Rupee (INR) weakened, influenced by a strong U.S. Dollar (USD) and rising bond yields after Donald Trump’s U.S. presidential victory. The Federal Reserve’s impending rate decision is anticipated to play a significant role in USD/INR’s near-term direction, […]
