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Loonie edges up after monthly employment data
Loonie edges up after monthly employment data
May 10, 2024
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid performance last month. The Canadian labor ministry reported the addition of 90.4 thousand new jobs in April, while analysts expected the addition of 20.9 thousand new jobs. The data also showed that Canadas unemployment rate stabilized at 6.1% last month, while analysts expected 6.2%. On...
EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price Outlook
EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price Outlook
May 9, 2024
Want to know where EUR/USD may be headed over the coming months? Explore key insights in our second-quarter forecast. Request your free trading guide now! Recommended by Diego Colman Get Your Free EUR Forecast EUR/USD FORECAST - TECHNICAL ANALYSIS EUR/USD pushed higher on Thursday after bouncing off technical support at 1.0725, with prices challenging a key ceiling near 1.0790, where...
Euro advances towards three-week highs amid cautious trading
Euro advances towards three-week highs amid cautious trading
May 13, 2024
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the dollar and heading towards three-week highs amid cautious trading ahead of fresh remarks by ECB officials. The most important event this week is the release of US inflation data, which will provide important clues on the future of the Federal Reserves interest rates....
Sterling moves in a positive zone after hot growth data
Sterling moves in a positive zone after hot growth data
May 10, 2024
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the second straight day against the dollar away from recent two-week lows and after hot UK growth data. The data hurt the odds of early UK interest rate cuts in June, as investors now await important inflation and wages data this month. The Price...
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Sector Update: Financial
Sector Update: Financial
Oct 7, 2024
03:28 PM EDT, 10/07/2024 (MT Newswires) -- Financial stocks were declining in late Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each falling 1.2%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was retreating 0.8%. Bitcoin (BTC-USD) was increasing 0.8% to $63,126, and the yield...
Equities Retreat, Oil Jumps Amid Continued Middle East Uncertainty
Equities Retreat, Oil Jumps Amid Continued Middle East Uncertainty
Oct 7, 2024
04:56 PM EDT, 10/07/2024 (MT Newswires) -- US benchmark equity indexes declined Monday while oil prices surged amid persistent uncertainty around the geopolitical situation in the Middle East. The Nasdaq Composite dropped 1.2% to 17,923.9, and the S&P 500 decreased 1% to 5,695.9. The Dow Jones Industrial Average lost 0.9% to 41,954.2. Utilities saw the steepest decline among sectors, down...
Sector Update: Tech Stocks Slide Late Afternoon
Sector Update: Tech Stocks Slide Late Afternoon
Oct 7, 2024
04:00 PM EDT, 10/07/2024 (MT Newswires) -- Tech stocks were falling late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.7% and the SPDR S&P Semiconductor ETF (XSD) dropping 1%. The Philadelphia Semiconductor index was shedding 0.3%. In corporate news, Amazon.com's ( AMZN ) motion to dismiss an antitrust lawsuit brought by the Federal Trade Commission and...
Equities Retreat, Oil Jumps Amid Continued Middle East Uncertainty
Equities Retreat, Oil Jumps Amid Continued Middle East Uncertainty
Oct 7, 2024
04:40 PM EDT, 10/07/2024 (MT Newswires) -- US benchmark equity indexes fell Monday, while oil prices surged amid persistent uncertainty around the geopolitical situation in the Middle East. The Nasdaq Composite dropped 1.2% to 17,923.9, the S&P 500 decreased 1% to 5,695.9 and the Dow Jones Industrial Average lost 0.9% to 41,954.2. Utilities saw the steepest decline among sectors, down...
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Forecast update for Ethereum -23-06-2025
Forecast update for Ethereum -23-06-2025
Jun 23, 2025
The price of (ETHUSD) settled with a rise in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), in attempt to recover some of its previous losses, noticing that the reach of the (RSI) to exaggerated overbought level, to suggest decreasing this positive momentum, affected by breaking a main bullish trend on the short-term...
Forecast update for Bitcoin -23-06-2025
Forecast update for Bitcoin -23-06-2025
Jun 23, 2025
The price of (BTCUSD) declined in its recent intraday trading, after losing the positive momentum after the reach of the (RSI) to exaggerated overbought levels, which suggest the formation of a negative divergence, after the price success to recover some of its previous losses, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside...
Forecast update for Gold -23-06-2025
Forecast update for Gold -23-06-2025
Jun 23, 2025
The price of (Gold) fluctuated in its last intraday trading, affected by breaking a bullish trend line on the short-term basis, besides the continuation of the negative pressure due to its trading below its EMA50, which represents a dynamic resistance that turns to the upside, with the emergence of the negative signals on the (RSI), which suggest extending the current...
Forecast update for Brent crude oil -23-06-2025
Forecast update for Brent crude oil -23-06-2025
Jun 23, 2025
The price of (Brent) declined in its last intraday trading, attempting to gain a positive momentum that might assist it to recover and rise again, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the emergence of the main bullish trend and its trading alongside a minor bias line on the...
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Here’s Everything That Happened to Ripple (XRP) This Week (Recap)
Here’s Everything That Happened to Ripple (XRP) This Week (Recap)
Jun 21, 2024
TL;DR Ripple faces ongoing legal challenges with the SEC and a civil lawsuit against CEO Brad Garlinghouse. XRPs price remains stable around $0.50, with analysts predicting potential significant gains if certain technical patterns form. Whats New Around Ripple? The news surrounding the company have been mainly centered to the lawsuit against the US Securities and Exchange Commission (SEC). Earlier this...
Here’s How Low XRP Can Go if the Bears Continue Pushing Further Below $0.47 (Ripple Price Analysis)
Here’s How Low XRP Can Go if the Bears Continue Pushing Further Below $0.47 (Ripple Price Analysis)
Jun 21, 2024
Ripple continues to consolidate above the crucial support region of $0.47, navigating within a narrow range of a sideways triangle pattern. This price action suggests potential sideways movement in the short term, with the direction of the upcoming breakout likely determining the future trend. XRP Analysis By Shayan The Daily Chart A detailed look at the daily chart shows that...
Bitcoin Price Analysis: The Bullish and The Bearish Case for BTC Following 5% Weekly Crash
Bitcoin Price Analysis: The Bullish and The Bearish Case for BTC Following 5% Weekly Crash
Jun 21, 2024
Bitcoin’s price has been trending lower since the beginning of June, failing to recover toward its all-time highs. Still, the bull market seems to be far from over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has declined since failing to hold above the $70K mark. The $65K support level has also been broken to...
ETH Remains Relatively Stable at $3.5K but Bears Target $3,000 Next (Ethereum Price Analysis)
ETH Remains Relatively Stable at $3.5K but Bears Target $3,000 Next (Ethereum Price Analysis)
Jun 21, 2024
Ethereum’s price has failed to break above the $4,000 resistance level once more and is yet to create a new all-time high. However, the market is showing resilience compared to other coins during the current correction phase. Technical Analysis By TradingRage The Daily Chart As the daily timeframe shows, ETH’s price has dropped back to $3,500 after getting rejected from...
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