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Gbp/usd: still scope for further downside – uob
07/08/2023 06:44

Gbp/usd: still scope for further downside – uob

EUR/USD comes under some selling pressure and is undermined by reviving USD demand. Bets for more Fed rate hikes turn out to be a key factor lending s...

Trading using technical analysis
07/08/2023 06:43

Trading using technical analysis

What is technical analysis? Why is technical analysis important for trading? This article explains how to do technical analysis for successful trading...

Aud/usd daily report
07/08/2023 06:40

Aud/usd daily report

Daily Pivots: (S1) 0.6536; (P) 0.6573; (R1) 0.6605; More… Intraday bias in AUD/USD remains neutral for consolidation above 0.6513. Current developme...

Market awaits clear direction amid market lull
07/08/2023 06:39

Market awaits clear direction amid market lull

As we are now in the traditional summer quiet period, market activities appear largely subdued, a pattern expected to persist into first half of the w...

S&p 500 technical analysis - these levels will be key for the next direction
07/08/2023 06:30

S&p 500 technical analysis - these levels will be key for the next direction

Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment a...

Today’s cryptocurrency prices: check bitcoin, ethereum, dogecoin, tether rates
07/08/2023 06:29

Today’s cryptocurrency prices: check bitcoin, ethereum, dogecoin, tether rates

Ethereum, the second most popular token, is up 0.22% from yesterday and now trades at $1,837.83. It is down 1.43% from last week. Bitcoin and Ethereum...

Silver price forecast:  xau trader focus shifts to us consumer inflation data
07/08/2023 06:26

Silver price forecast: xau trader focus shifts to us consumer inflation data

Fed decisions, labor shifts stir silver (XAU) prices; mixed jobs report triggers rebound amid inflation risks as traders brace for CPI report. The pos...

Weaker than expected nfp
07/08/2023 06:18

Weaker than expected nfp

Market movers today The most important data release this week is US CPI for July due on Thursday. The lower than expected June number played a big rol...

Intraday analysis – cad drifts lower
07/08/2023 06:18

Intraday analysis – cad drifts lower

USDCAD breaks higher The Canadian dollar softened after July’s employment data missed estimates. The US counterpart has made its way back to last mo...

Technical outlook and review
07/08/2023 06:16

Technical outlook and review

DXY: The DXY (US Dollar Index) is currently demonstrating a bearish momentum on the chart, which is driven by its position below a major descending tr...

Usd/chf price analysis: bounces off 0.8720–15 support confluence, focus on us inflation
07/08/2023 06:14

Usd/chf price analysis: bounces off 0.8720–15 support confluence, focus on us inflation

USD/CHF prints the first daily gains in three within one-week-old rising wedge bearish chart pattern. 50-SMA adds strength to 0.8720–15 support amid...

Gold off 3-week lows as investors brace for u.s. inflation test
07/08/2023 06:14

Gold off 3-week lows as investors brace for u.s. inflation test

Gold prices were off three-week lows on Monday after slowing U.S. job growth knocked the dollar and bond yields from their recent highs, while investo...

Gold rate today: gold drops on strength in us dollar. check price of yellow metal in delhi, ahmedabad, and other indian cities
07/08/2023 06:14

Gold rate today: gold drops on strength in us dollar. check price of yellow metal in delhi, ahmedabad, and other indian cities

“Bullion daily charts are trading at the demand zone, with good upside movement seen in the near term. The momentum indicator RSI also indicates the...

Eur/usd seems to have moved into a consolidative phase – uob
07/08/2023 06:14

Eur/usd seems to have moved into a consolidative phase – uob

EUR/USD comes under some selling pressure and is undermined by reviving USD demand. Bets for more Fed rate hikes turn out to be a key factor lending s...

Eurostoxx futures -0.2% in early european trading
07/08/2023 06:04

Eurostoxx futures -0.2% in early european trading

German DAX futures -0.3%UK FTSE futures -0.3%This comes after the retreat in Wall Street at the end of last week, which came after the European close....

Uk july halifax house prices -0.3% vs -0.1% m/m prior
07/08/2023 06:00

Uk july halifax house prices -0.3% vs -0.1% m/m prior

Prior -0.1%House prices -2.4% y/yPrior -2.6%This marks the fourth straight month that UK house prices have fallen, according to Halifax's measure. It ...

Germany june industrial production -1.5% vs -0.5% m/m expected
07/08/2023 06:00

Germany june industrial production -1.5% vs -0.5% m/m expected

Prior -0.2%German factory output continues to be weak at the end of Q2 and that is matching with PMI data that the manufacturing sector is certainly i...

Equities market edges higher as index up 0.2%
07/08/2023 05:59

Equities market edges higher as index up 0.2%

LAGOS – The domestic equities market ended the week on a positive note as the NGX-ASI saw a w/w gain of 0.2 per cent to close at 65,198.08 points. A...

Quiet start to the week in asia with equities slightly down
07/08/2023 05:59

Quiet start to the week in asia with equities slightly down

Asia market update: Quiet start to the week in Asia with equities slightly down; Global yields little changed after US yields fall Friday; BOJ Summary...

Gold price today, 7 august: mcx gold slips 0.19%, support at rs 59370-59140, resistance at rs 59720-59880
07/08/2023 05:59

Gold price today, 7 august: mcx gold slips 0.19%, support at rs 59370-59140, resistance at rs 59720-59880

U.S. gold futures were flat at $1,976.10, while Spot gold was steady at $1,940.99 per ounce. (Photo: Reuters) Gold Price Today, Gold Price Outlook, Go...

Is the gold price primed to really ‘start to run again’?
07/08/2023 05:59

Is the gold price primed to really ‘start to run again’?

Learn More The gold price currently stands at US$1,938 per troy ounce. Bullion still has some way to go before retaking its historic highs of US$2,050...

Bitcoin is the future of online payments. are you ready for the paradigm shift?
07/08/2023 05:59

Bitcoin is the future of online payments. are you ready for the paradigm shift?

Since its inception, Bitcoin has been steadily growing. A pizza that was once worth 10,000 BTC is now just 0.00058 BTC. Well, the price of Pizza has n...

Gold price forecast:  xau traders battling fed uncertainty amid strong dollar
07/08/2023 05:49

Gold price forecast: xau traders battling fed uncertainty amid strong dollar

Gold (XAU) prices are on shaky ground as traders balance impacts of U.S. labor market dynamics and looming inflation data. The post Gold Price Forecas...

Switzerland july seasonally adjusted unemployment rate 2.1% vs 2.0% expected
07/08/2023 05:45

Switzerland july seasonally adjusted unemployment rate 2.1% vs 2.0% expected

Prior 2.0%The unadjusted jobless rate remains steady at 1.9% as the number of registered unemployed persons rises slightly from 85,099 in June to 87,6...

Gold price forecast: xau/usd sellers eye $1,915 and us inflation – confluence detector
07/08/2023 05:44

Gold price forecast: xau/usd sellers eye $1,915 and us inflation – confluence detector

As per our Technical Confluence indicator, the Gold Price remains well beneath the jungle of resistances surrounding $1,940-60, which in turn joins a ...

Gold and silver prices today: yellow metal inches higher after steep losses amid higher us yields and dollar index
07/08/2023 05:44

Gold and silver prices today: yellow metal inches higher after steep losses amid higher us yields and dollar index

Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 59,550 per 10 grams and hit an intraday low of Rs 59,451. In the internation...

Eur/usd remains on the defensive below 1.1000, seems vulnerable amid modest usd strength
07/08/2023 05:44

Eur/usd remains on the defensive below 1.1000, seems vulnerable amid modest usd strength

EUR/USD comes under some selling pressure and is undermined by reviving USD demand. Bets for more Fed rate hikes turn out to be a key factor lending s...

European shares to see cautious start as key inflation data looms
07/08/2023 05:36

European shares to see cautious start as key inflation data looms

European stocks may open on a sluggish note Monday as investors seek cues from earnings and key inflation readings from the world’s largest economie...

Week ahead in fx (august 7 – 11): u.s. and china inflation, u.k.’s gdp update
07/08/2023 05:31

Week ahead in fx (august 7 – 11): u.s. and china inflation, u.k.’s gdp update

Are prices in the world’s two largest economies rising or falling enough to warrant intervention? We’ll get more clues this week when the U.S. and...

Fx/cfds broker probis goes bankrupt, asic halts its license
07/08/2023 05:23

Fx/cfds broker probis goes bankrupt, asic halts its license

The Australian Securities and Investments Commission (ASIC) took action against Probis Financial Services Pty Ltd today (Monday), suspending its Austr...

A couple of light releases coming up in europe today
07/08/2023 05:18

A couple of light releases coming up in europe today

The dollar is steadying itself after the fall last Friday and that comes as equities are also finding a little bit of a breather after a poor run to s...

Sika acquires chema – a leading mortar manufacturer in peru
07/08/2023 05:14

Sika acquires chema – a leading mortar manufacturer in peru

In addition, it significantly extends Sika’s manufacturing footprint. In 2022, the business to be acquired generated sales of CHF 50 million. Chema ...

Gold off 3-week lows as investors brace for us inflation test
07/08/2023 05:14

Gold off 3-week lows as investors brace for us inflation test

Gold prices were off three-week lows on Monday after slowing U.S. job growth knocked the dollar and bond yields from their recent highs, while investo...

Pound to us dollar: uphill battle for gains
07/08/2023 05:14

Pound to us dollar: uphill battle for gains

The Pound to Dollar (GBP/USD) exchange rate overall posted significant losses during the week and hit 4-week lows just below 1.2625 after the Bank of ...

Japan june leading indicator index 108.9 vs 109.1 prior
07/08/2023 05:06

Japan june leading indicator index 108.9 vs 109.1 prior

Coincident index 115.2Prior 114.3The overall assessment of the coincident index is still seen as "improving" with the index now hitting its highest si...


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