After failing to maintain stability above the 145.00 support level, USD/JPY has embarked on a major decline. The 4-hour chart reveals that the pair has broken below the 143.20 support zone, indicating a shift into a bearish zone. Furthermore, USD/JPY has dropped below the 142.50 level, as well as the 100 and 200 simple moving
admin
The AUD/USD exchange rate experienced a decline of 0.30% on Thursday, following a slight gain of 0.33% the day before. This indicates a volatile trading session for the Australian dollar, as it ended the day at $0.68261. Throughout the session, the AUD/USD reached a high of $0.68710 before dropping to a low of $0.68242. Several
The Ukrainian economy has long relied on financial support from international donors to sustain its growth and development. Recently, news broke that Ukrainian Prime Minister Denys Shmyhal had reached out to international donors requesting an emergency meeting. This development has raised concerns about the country’s economic stability and its ability to secure sufficient external financing
The EUR/USD pair is trading with modest gains near 1.1070 as the European Central Bank (ECB) has taken a hawkish stance, which has bolstered the Euro against the USD. This comes after the pair retreated from a monthly high of 1.1139 during the early Asian trading hours on Friday. Currently, the major pair is up
The EUR/GBP exchange rate is currently trading near 0.8695, displaying a slight increase of 0.25%. Positive signals from the daily Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram indicate a growing buying force. This article will analyze the overall market trend, as well as the short-term and long-term indicators. The Daily
In a move that is set to face opposition in Congress, Brazil’s Finance Minister Fernando Haddad has unveiled tax adjustments aimed at limiting benefits across various sectors and ensuring fiscal compensation. The package intends to replace an approved bill that was previously vetoed by President Luiz Inacio Lula da Silva but overturned by Congress. While
China’s central bank, the People’s Bank of China (PBOC), has acknowledged the challenging external environment the country is facing. In a statement after a quarterly meeting of its monetary policy committee, the PBOC highlighted the slowdown in the international economy, trade, and investment, as well as falling inflation and high interest rates in developed countries.
In the world of finance, it is essential to approach information with a critical eye. The content provided on various platforms, including websites, should be seen as a starting point for further research, rather than definitive guidance for making financial decisions. This article aims to shed light on the limitations of financial information and the
The dollar’s decline has been widespread, with the Japanese yen, euro, and pound all reaching their strongest positions against the U.S. currency in five months. The driving force behind this trend is the expectation that the Federal Reserve will aggressively cut interest rates in 2024, thus avoiding a recession. As a result, the dollar index,
In Thursday’s trading session, the Silver price (XAG/USD) trades neutral at about $24.20. Despite the current stagnation, the precious metal has the potential for upward movements due to dovish sentiment regarding the Federal Reserve’s monetary policy and weaker-than-expected US Jobless Claims data. Recognizing the deceleration of inflation, the Federal Reserve assured no rate increases in
During Thursday’s trading session, the dollar experienced a significant decline, particularly against the yen. This decline has brought the currency perilously close to the crucial support level of 141 yen. Many market participants are closely monitoring this level to assess the future trajectory of the dollar. Additionally, the uptrend line is also at risk of
In this article, we will analyze the past performance of the 1-hour Elliott Wave Charts of the Eurostoxx index. Our analysis is based on the information presented to members at elliottwave-forecast. The focus of our analysis is on the rally from the 23 October 2023 low, which is unfolding as an impulse structure. We will