📈 Indices aim to continue their upward momentum, testing resistances...
#Market #Trading #Indices
🏛 What's happening in the market today? For more #freshupdate:
🔙 In the previous trading day, indices showed efforts to sustain positive dynamics, approaching local resistance levels and channel boundaries. The SPX index attempted growth, testing resistance at 4610 and the upper channel boundary. The NQ index also tried to continue its upward movement, successfully breaking through the boundaries of the inclined channel and testing the level of 16117.
🔆 Today, it's crucial for indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a pullback from current levels and ensure the possibility of further growth upon surpassing the nearest levels at 16100 for NQ and 4610 for SPX.
🔎 What factors is the market currently focused on?
(1) China's inflation index dropped at the fastest pace in three years.
(2) Traders await data on inflation in the U.S. and the Federal Reserve's meetings later this week.
#Inflation #FinancialMarkets #Economy
📊 Sectors
Among cyclical sectors, XLE performed the best, bouncing back from local lows. ITA, XLF, and XLY attempted to continue growth in line with the market, while XLRE pulled back and showed less stability.
Among growing sectors, MJ, IPO, XLK, SOXX, and SKYY demonstrated growth, confirming local highs. Meanwhile, IBB and TAN retreated and were less successful.
Among defensive sectors, XLP showed a decline in relative strength compared to the market, testing lows, while XLV and XLU also lagged, showing more stable dynamics.
#Sectors #FinancialMarkets #Trading
💼 Stock News
(+) TSLA, RIVN - Piper Sandler highlights growth prospects for the electric vehicle sector.
(+) GOOGL - The launch of Google Gemini promises a successful 2024 for the company, according to Citi.
(+) BA - Boeing has modified a contract with USSOCOM worth $271.22 million.
(+) BA - China expresses interest in strengthening cooperation with Boeing.
(=) SBUX - Starbucks is ready to resume union negotiations in 2024.
(=) AAPL - Head of iPhone and smartwatch design at Apple is stepping down.
(+) AAPL - Production of iPads by Apple may be moved to Vietnam from China.
(+) MU - Micron reaches a labor agreement with the union at its Idaho plant worth $15 billion.
(=) AVGO - 2024 could be challenging for Broadcom, but Wall Street expects growth in the second half of the year.
(+) QRVO - Qorvo's rating is raised by Morgan Stanley; ratings for Qualcomm and Lam Research are lowered.
#Stocks #Exchange #FinancialNews
🌐 Intermarket Analysis
Oil continues attempts at a local recovery, overcoming inclines and approaching a test of the $72.6 level.
Yield also tries to move upward, approaching the 50-day moving average and incline boundaries.
VIX continues to decline, attempting to refresh lows at the 12.5 level.
Gold continues its correction, moving toward the lower boundary of the ascending channel and the $2000 level.
#GlobalMarkets #Oil #Yield #Gold #FinancialMarkets
🗣 Market Discussions
Stocks are rising on the "liquidity rally," and it is expected they will reach new highs in 2024, according to Fundstrat.
Tom Lee of Fundstrat suggests that stocks will reach new record highs in 2024.
This is tied to the Federal Reserve transitioning to a less restrictive monetary policy, paving the way for a "liquidity rally" in the market.
Lee claims that the S&P 500 index could rise to 5200 by the end of 2024, anticipating potential growth of 13% compared to current levels.
This is associated with expectations of a possible reduction in Fed interest rates next year, as inflation in the economy continues to show a weakening trend.
"The Fed is no longer waging an inflation war but is really transitioning to business cycle management — these are huge changes," says Lee.
#FinancialMarkets #Stocks #Fundstrat #Fed #Liquidity #Forecasts
#Market #Trading #Indices
🏛 What's happening in the market today? For more #freshupdate:
🔙 In the previous trading day, indices showed efforts to sustain positive dynamics, approaching local resistance levels and channel boundaries. The SPX index attempted growth, testing resistance at 4610 and the upper channel boundary. The NQ index also tried to continue its upward movement, successfully breaking through the boundaries of the inclined channel and testing the level of 16117.
🔆 Today, it's crucial for indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a pullback from current levels and ensure the possibility of further growth upon surpassing the nearest levels at 16100 for NQ and 4610 for SPX.
🔎 What factors is the market currently focused on?
(1) China's inflation index dropped at the fastest pace in three years.
(2) Traders await data on inflation in the U.S. and the Federal Reserve's meetings later this week.
#Inflation #FinancialMarkets #Economy
📊 Sectors
Among cyclical sectors, XLE performed the best, bouncing back from local lows. ITA, XLF, and XLY attempted to continue growth in line with the market, while XLRE pulled back and showed less stability.
Among growing sectors, MJ, IPO, XLK, SOXX, and SKYY demonstrated growth, confirming local highs. Meanwhile, IBB and TAN retreated and were less successful.
Among defensive sectors, XLP showed a decline in relative strength compared to the market, testing lows, while XLV and XLU also lagged, showing more stable dynamics.
#Sectors #FinancialMarkets #Trading
💼 Stock News
(+) TSLA, RIVN - Piper Sandler highlights growth prospects for the electric vehicle sector.
(+) GOOGL - The launch of Google Gemini promises a successful 2024 for the company, according to Citi.
(+) BA - Boeing has modified a contract with USSOCOM worth $271.22 million.
(+) BA - China expresses interest in strengthening cooperation with Boeing.
(=) SBUX - Starbucks is ready to resume union negotiations in 2024.
(=) AAPL - Head of iPhone and smartwatch design at Apple is stepping down.
(+) AAPL - Production of iPads by Apple may be moved to Vietnam from China.
(+) MU - Micron reaches a labor agreement with the union at its Idaho plant worth $15 billion.
(=) AVGO - 2024 could be challenging for Broadcom, but Wall Street expects growth in the second half of the year.
(+) QRVO - Qorvo's rating is raised by Morgan Stanley; ratings for Qualcomm and Lam Research are lowered.
#Stocks #Exchange #FinancialNews
🌐 Intermarket Analysis
Oil continues attempts at a local recovery, overcoming inclines and approaching a test of the $72.6 level.
Yield also tries to move upward, approaching the 50-day moving average and incline boundaries.
VIX continues to decline, attempting to refresh lows at the 12.5 level.
Gold continues its correction, moving toward the lower boundary of the ascending channel and the $2000 level.
#GlobalMarkets #Oil #Yield #Gold #FinancialMarkets
🗣 Market Discussions
Stocks are rising on the "liquidity rally," and it is expected they will reach new highs in 2024, according to Fundstrat.
Tom Lee of Fundstrat suggests that stocks will reach new record highs in 2024.
This is tied to the Federal Reserve transitioning to a less restrictive monetary policy, paving the way for a "liquidity rally" in the market.
Lee claims that the S&P 500 index could rise to 5200 by the end of 2024, anticipating potential growth of 13% compared to current levels.
This is associated with expectations of a possible reduction in Fed interest rates next year, as inflation in the economy continues to show a weakening trend.
"The Fed is no longer waging an inflation war but is really transitioning to business cycle management — these are huge changes," says Lee.
#FinancialMarkets #Stocks #Fundstrat #Fed #Liquidity #Forecasts
📈 Indices continue moving towards highs, maintaining growth near levels of 2021-2023. #market #finance
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
What news today and how they might affect trading briefly:
1. Building Permits:
- Impact: High. An increase may signal economic growth and investor confidence.
- Possible trading reactions: Rise in the US dollar with positive data.
2. Core Durable Goods Orders (MoM) (November):
- Impact: Strong. Measures orders for long-lasting goods excluding transportation and can reflect the state of the industrial sector.
- Possible trading reactions: Rise in the US dollar with positive data, negative impact on stock markets with weak figures.
3. Core PCE Price Index (YoY) (November):
- Impact: Moderate. Preferred inflation indicator for the Federal Reserve.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
4. Core PCE Price Index (MoM) (November):
- Impact: Moderate. Measures monthly changes in the core consumer price index.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
5. New Home Sales (November):
- Impact: Moderate. Reflects demand for new homes and can be an indicator of the overall real estate market.
- Possible trading reactions: Rise in the US dollar with a strengthening real estate sector, impact on the market for construction materials, and stocks of construction companies.
#Economy #Trading #USD #Inflation #Construction #RealEstate #FedReserve #Finance #Investments #Markets #EconomicNews #TradingInstruments #DataAnalysis #FinancialNews
1. Building Permits:
- Impact: High. An increase may signal economic growth and investor confidence.
- Possible trading reactions: Rise in the US dollar with positive data.
2. Core Durable Goods Orders (MoM) (November):
- Impact: Strong. Measures orders for long-lasting goods excluding transportation and can reflect the state of the industrial sector.
- Possible trading reactions: Rise in the US dollar with positive data, negative impact on stock markets with weak figures.
3. Core PCE Price Index (YoY) (November):
- Impact: Moderate. Preferred inflation indicator for the Federal Reserve.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
4. Core PCE Price Index (MoM) (November):
- Impact: Moderate. Measures monthly changes in the core consumer price index.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
5. New Home Sales (November):
- Impact: Moderate. Reflects demand for new homes and can be an indicator of the overall real estate market.
- Possible trading reactions: Rise in the US dollar with a strengthening real estate sector, impact on the market for construction materials, and stocks of construction companies.
#Economy #Trading #USD #Inflation #Construction #RealEstate #FedReserve #Finance #Investments #Markets #EconomicNews #TradingInstruments #DataAnalysis #FinancialNews
Forwarded from FreshForex Analytics EN
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We value your opinion and strive to make our Telegram channel as interesting and useful as possible for you. Tell us, what types of forecasts and analytics do you prefer? Your feedback will help us better understand your needs and provide content that truly interests you.
To participate in the survey and submit feedback, use the contact form in your Personal Cabinet. And don't forget to enter the promo code FRESHTG**—when you use it, **we will give you $5 to your trading account with FreshForex!
This exclusive offer is available only to existing clients and only once on December 27 or 28, 2023.
Thank you for your contribution to the development of our community. We look forward to hearing from you!
#Feedback #Trading #FreshForex #Forecasts #Analytics 📈
#TradingEvents #FinancialNews #GBPUSD #FOMC #BankOfEngland #InterestRates #Dollar #Unemployment #PMI #TreasuryBonds #Trading #Forex
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
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#TradingEvents #FinancialNews #Today'sMarkets
Today, attention is focused on two significant events:
1. At 16:00 Moscow Time, the release of Consumer Price Index data for Germany is expected. For more details about the Consumer Price Index, click [here](https://freshforex.org/encyclopedia-forex/consumer-price-index/?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss).
2. At 16:30 Moscow Time, keep an eye on the number of Initial Jobless Claims in the USA.
#EURUSD: Over the last four sessions, the EURUSD pair has maintained a bearish trend. Currently, it has temporarily dropped below the 1.0900 level due to the strengthening of the US dollar. Positive employment data in Germany did not support the euro, which continues to be influenced by the dynamics of the dollar. The subsequent deterioration in the US labor market after unexpectedly low JOLTs data on job openings in November has also played a role.
The US Dollar Index (DXY) has risen to three-week highs, supported by a rebound in US yields. Anticipation surrounds news from the USA following the FOMC meeting in December, where discussions included the possible approach of interest rates to peak levels for the current economic cycle, as well as forecasts for rate cuts by 2024.
Comments from Richmond Fed member T. Barkin about a soft landing for the US economy and the possibility of rate hikes have also impacted the dollar. These factors have reinforced the already strong positions of the dollar in the middle of the week.
#TradingRecommendation: It is recommended to open sell orders in the range of 1.0910 - 1.0880. #Trading #Forex #MarketForecast #EuroDollar
Today, attention is focused on two significant events:
1. At 16:00 Moscow Time, the release of Consumer Price Index data for Germany is expected. For more details about the Consumer Price Index, click [here](https://freshforex.org/encyclopedia-forex/consumer-price-index/?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss).
2. At 16:30 Moscow Time, keep an eye on the number of Initial Jobless Claims in the USA.
#EURUSD: Over the last four sessions, the EURUSD pair has maintained a bearish trend. Currently, it has temporarily dropped below the 1.0900 level due to the strengthening of the US dollar. Positive employment data in Germany did not support the euro, which continues to be influenced by the dynamics of the dollar. The subsequent deterioration in the US labor market after unexpectedly low JOLTs data on job openings in November has also played a role.
The US Dollar Index (DXY) has risen to three-week highs, supported by a rebound in US yields. Anticipation surrounds news from the USA following the FOMC meeting in December, where discussions included the possible approach of interest rates to peak levels for the current economic cycle, as well as forecasts for rate cuts by 2024.
Comments from Richmond Fed member T. Barkin about a soft landing for the US economy and the possibility of rate hikes have also impacted the dollar. These factors have reinforced the already strong positions of the dollar in the middle of the week.
#TradingRecommendation: It is recommended to open sell orders in the range of 1.0910 - 1.0880. #Trading #Forex #MarketForecast #EuroDollar
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FreshForex — надежный брокер Форекс. Услуги на рынке Forex. Аналитика Форекс. Обучение торговле на рынке Forex. Форекс форум трейдеров.
EUR/USD Grows Amid Lack of Key US Data
📈 Euro-dollar shows modest growth in the early Asian session due to the absence of significant economic data from the US. Market expectations point to risk sentiments remaining a key factor in determining the movement of the EUR/USD pair. Officials from the European Central Bank (ECB) emphasize the importance of waiting for additional economic data before making decisions on rate normalization. ECB President Christine Lagarde has hinted at possible interest rate cuts if inflation falls below 2%. Investors react to signals of decreasing inflation, anticipating further monetary policy easing in 2024. Trading Recommendation: Trade within the range of 1.0900 - 1.1000 on bounces from levels. #EURUSD #Forex #Trading
📈 Euro-dollar shows modest growth in the early Asian session due to the absence of significant economic data from the US. Market expectations point to risk sentiments remaining a key factor in determining the movement of the EUR/USD pair. Officials from the European Central Bank (ECB) emphasize the importance of waiting for additional economic data before making decisions on rate normalization. ECB President Christine Lagarde has hinted at possible interest rate cuts if inflation falls below 2%. Investors react to signals of decreasing inflation, anticipating further monetary policy easing in 2024. Trading Recommendation: Trade within the range of 1.0900 - 1.1000 on bounces from levels. #EURUSD #Forex #Trading
Forwarded from FreshForexEN
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ФОРЕКС с FreshForex — надежный брокер рынка Forex | ФрешФорекс
FreshForex — надежный брокер Форекс. Услуги на рынке Forex. Аналитика Форекс. Обучение торговле на рынке Forex. Форекс форум трейдеров.
Event to Watch Today: The key event to watch today is the release of the U.S. Gross Domestic Product (GDP) data for the fourth quarter on an annual basis. The data is scheduled to be published at 16:30 CET.
The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.
The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.
Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.
Trading Recommendation: The trading recommendation leans towards sell orders.
#GBPUSD #FX #trading #Forex #ForexNews #ForexAnalysis #EURUSD #USDJPY #AUDUSD #XAUUSD #BTCUSD
The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.
The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.
Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.
Trading Recommendation: The trading recommendation leans towards sell orders.
#GBPUSD #FX #trading #Forex #ForexNews #ForexAnalysis #EURUSD #USDJPY #AUDUSD #XAUUSD #BTCUSD
"US Dollar in Focus: Impact of Federal Reserve Chairman's Statements on the Market"
Today's statement by Federal Reserve Chairman Jerome Powell has become a key event in the currency market. In his remarks, he noted that a rate cut in March is too early and expressed doubts that inflation will sustainably return to the 2% level by that time. However, Powell did not rule out the possibility of rate cuts later this year, leaving the door open for a spring easing.
In light of positive data from the US Bureau of Labor Statistics published on Friday, showing an increase in employment and a rise in average wages, the US Dollar (DXY) continues to strengthen. These factors put pressure on the EUR/USD pair, which is trading around 1.0770 in the early Asian session.
Trading Recommendation: It is recommended to place a buy order for EUR/USD from the price level of 1.0800. Sales may be relevant if the price level drops below 1.0750.
#Fed #Dollar #Euro #Trading #Finance #ForexMarket
Today's statement by Federal Reserve Chairman Jerome Powell has become a key event in the currency market. In his remarks, he noted that a rate cut in March is too early and expressed doubts that inflation will sustainably return to the 2% level by that time. However, Powell did not rule out the possibility of rate cuts later this year, leaving the door open for a spring easing.
In light of positive data from the US Bureau of Labor Statistics published on Friday, showing an increase in employment and a rise in average wages, the US Dollar (DXY) continues to strengthen. These factors put pressure on the EUR/USD pair, which is trading around 1.0770 in the early Asian session.
Trading Recommendation: It is recommended to place a buy order for EUR/USD from the price level of 1.0800. Sales may be relevant if the price level drops below 1.0750.
#Fed #Dollar #Euro #Trading #Finance #ForexMarket
"Pound Sterling Under Pressure: Impact of the Dollar Index on GBP/USD"
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
"Japanese Yen Under Pressure: Dynamics of USD/JPY and Global Factors' Influence"
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
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S&P 500 Market Overview for Today
Today, the S&P 500 shows confident growth, continuing the trend from last week. Investors are awaiting today's ISM Manufacturing Index data, which could provide a new impetus to the market. Trading recommendation: Consider buy orders at the current price levels.
#SP500 #stocks #marketanalysis #trading
Today, the S&P 500 shows confident growth, continuing the trend from last week. Investors are awaiting today's ISM Manufacturing Index data, which could provide a new impetus to the market. Trading recommendation: Consider buy orders at the current price levels.
#SP500 #stocks #marketanalysis #trading