Posted by autorebateforex May - 6 - 2024 0 Comment
The financial world is still buzzing after a surprising US jobs report triggered a sell-off in the dollar, a surge in stocks and bonds, and expectations for the Federal Reserve to cut interest rates. This week brings key economic data from the UK and Australia, along with central bank updates. Here’s a breakdown:
Posted by autorebateforex May - 3 - 2024 0 Comment
The Euro saw limited movement within its range, with upside limited by a lack of positive Eurozone data and downside limited by potential US data weakness. The Pound mirrored the Euro’s pattern. The Yen strengthened significantly against the dollar, likely due to intervention that will likely continued by the Japanese Ministry of Finance to weaken the USD. The Australian dollar rose after the Fed signaled no rate hikes, erasing some […]
Posted by autorebateforex May - 2 - 2024 0 Comment
Financial markets were mixed today. The Euro and Aussie dollar fell on expectations of central bank policy remaining unchanged, while the US dollar remained steady ahead of a Federal Reserve meeting. Oil prices dropped further after breaking support levels, while gold continued its downtrend. Bitcoin, Ethereum, and Ripple are all expected to experience short-term corrections before potential rebounds.
Posted by autorebateforex May - 1 - 2024 0 Comment
The sentiment for major currencies is mixed. The US data releases will be crucial for determining the direction of EUR and GBP. JPY is likely to weaken further, while CAD may struggle due to weak economic data. Bitcoin and Ethereum are under bearish pressure.
Posted by autorebateforex Apr - 30 - 2024 0 Comment
The short-term technical outlook for EUR/USD, GBP/USD, NZD/USD, and CAD/USD is bearish. The short-term technical outlook for USD/JPY is uncertain due to possible intervention by the Bank of Japan. The short-term technical outlook for AUD/USD and CHF/USD is within their respective uptrend channels. The short-term technical outlook for Gold is bullish.
Posted by autorebateforex Apr - 29 - 2024 0 Comment
This week is crucial for gauging central bank policy and the health of major economies. Be prepared for potential volatility in currency markets, especially around key data releases.
Posted by autorebateforex Apr - 26 - 2024 0 Comment
The markets are volatile and reacting to mixed signals. Keep an eye on upcoming economic data releases, particularly US PCE data, to gauge the direction of the US dollar and other currencies. The US Dollar’s dominance might be waning due to a slowdown in the US economy. The Euro and Pound are showing signs of recovery.
Posted by autorebateforex Apr - 25 - 2024 0 Comment
The markets are cautious with a slight risk-off sentiment. Currencies are being driven by interest rate differentials and economic data. Gold is experiencing a correction, and oil prices are awaiting fresh catalysts.
Posted by autorebateforex Apr - 24 - 2024 0 Comment
The US Dollar remains the strongest currency, fueled by expectations of a strong US economy. Meanwhile, the Euro and Pound face headwinds, and Gold experiences a correction. The future direction of Oil prices is uncertain.
Posted by autorebateforex Apr - 23 - 2024 0 Comment
The US dollar remains strong across the board. The euro and pound are under pressure due to weak fundamentals. The yen is being pressured by carry trades and dollar strength. Gold may see some profit-taking before continuing its uptrend.