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Forex

FTSE 100, Dow Jones Forecast: Softer US CPI Drives Stocks Higher

Posted by By 10/08/2022Posted inForex
Softer US inflation data has allowed risk assets to move higher allowing the Dow Jones Index to recover June’s losses. UK earnings overshadow market conditions.
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Gold Price Forecast: Gold Continues Support Bounce, Builds Rising Wedge

Posted by By 10/08/2022Posted inForex
Gold was grasping at major support in July and that's led to a strong three-week-rally as hope continues to build around macro themes.
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EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Feb 23, 2022 when EUR/USD traded near 1.13.

Posted by By 10/08/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
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USD/CHF Technical Outlook: Trading Around Critical Levels After CPI

Posted by By 10/08/2022Posted inForex
USD/CHF is trading around a big support area post-CPI that could become a factor in the near-term as a longer-term level.
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DAX 40 Price Outlook: Index Bounces after US CPI Surprise

Posted by By 10/08/2022Posted inForex
The index bounced following better than expected inflation print from Germany and the US, easing concerns on potential Fed Hikes
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US Inflation Eases to 8.5% as Gas Prices Slump, Fed’s Hawkish Outlook in Question

Posted by By 10/08/2022Posted inForex
The US consumer price index slowed to 8.5% year-on-year in July, down from June’s 9.1% reading, due to a sharp drop in energy costs, a sign that the inflation outlook…
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Musk Makes the First Move, Sells Tesla (TSLA) Stock Worth USD6.9 billion

Posted by By 10/08/2022Posted inForex
Tesla CEO Elon Musk sold 6.92 million Tesla (TSLA) shares in a move to prepare for an ‘unlikely’ forced purchase of Twitter
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Trading the London Session: Guide for Forex Traders

Posted by By 10/08/2022Posted inForex
Discover the London FX session, the best currency pairs to trade and how to trade breakouts.
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The CPI and Forex: How CPI Data Affects Currency Prices

Posted by By 10/08/2022Posted inForex
Find out how to use the Consumer Price Index to make informed trading decisions.
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EURO Latest: German Food Prices Soar Despite Moderate HICP Print, EUR/USD & EUR/GBP

Posted by By 10/08/2022Posted inForex
The euro continues to trade within the developing range for EUR/USD while EUR/GBP presents an interesting challenge to further upside momentum
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