Japan’s service sector lost momentum sharply in May as rising costs linked to the Middle East conflict weighed on business activity and household spending. PMI Services (final) fell from 51.0 to 50.0, indicating stagnation after more than a year of continuous expansion. PMI Composite eased from 52.2 to 51.1. The figures suggest the strong growth…
EUR/USD Analysis Summary Today EUR/USD Trading Signals: Technical Analysis of EUR/USD Today The Euro against the US Dollar (EUR/USD) pair is attempting to maintain its positive momentum after rebounding from recent lows. However, the European currency’s gains are still colliding with an important technical barrier that prevents buyers from establishing full control over the trend….
With risk appetite being an issue, it is likely that the US Dollar will continue to see interest. The US dollar has jumped a bit during the early part of the trading session on Monday, jumping to the upside only to turn around and fall to fill that gap and then turn around to rally…
Today’s Gold Analysis Overview: The Overall Gold Trend: Bearish. Today’s Gold Support Points: $4445 – $4410 – $4340 per ounce Today’s Gold Resistance Points: $4530 – $4580 – $4640 per ounce Today’s Gold Trading Signals: Note: These recommendations are suitable for medium-to-long-term traders, provided there is strict adherence to capital and risk management Daily Technical…
Welcome to today’s Market Blast. Today, we will take a look at Forex Trading on EUR/NZD, AUD/NZD, NZD/USD, the DAX, the FTSE 100, the Russell 2000, the S&P500, and the NASDAQ. Still, the frenzy to invest in AI and tech stocks continues as we see the NASDAQ at all-time highs. We see the same enthusiasm…
Crypto exchange operator Crypto.com has taken another step toward becoming a multi-asset online broker, announcing that Crypto.com Exchange is integrating with TradingView as an official broker. The integration will enable users to securely connect their Crypto.com Exchange accounts and trade directly through TradingView’s global charting platform. The company said that this integration officially transitions the Crypto.com…
Rumours of a breakdown in negotiations have reignited investor interest in the US dollar. The risk of further currency interventions is mounting along with USDJPY. The US dollar rose by 0.4% on Monday following reports that Iran intended to walk away from negotiations with the US. Tehran’s threat sent oil prices soaring and reignited investor…
The Forex market has been relatively quiet, calm, and understated lately, with few currencies truly standing out. That said, the Australian Dollar is worth paying attention to. The Australian Dollar carries the highest interest rate of any major currency and has had one the most hawkish central bank in recent months, which has hiked the…
In today’s Market Outlook, let’s take a look at Forex Trading Silver, XAG/USD, EUR/USD, USD/CHF, the NASDAQ, and Gold, XAU/USD. In general, we see a bearish trend lasting 2 months now, but price action is consolidating into a symmetrical pennant. Gold surged to an all-time high on January 29, breaking past $5,500 an ounce, driven…
Gold fell early on Monday, as traders react to the higher interest rates in the bond market. The gold market has fallen pretty significantly during the trading session on Monday as we’ve lost over 2% at one point. And really with that being the case, it’s not a huge surprise to notice that the interest…