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Weekly summary and review 3rd november 2023

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of November 3rd 2023 is here. It is now time to recap and summ...

November 3, 2023, 1:28 pm

Usd/cad daily outlook

Daily Pivots: (S1) 1.3695; (P) 1.3778; (R1) 1.3820; More… A short term top should be in place at 1.3897, on bearish ...

November 3, 2023, 7:07 am

Audusd helped by yield spread

The AUDUSD is trading at session highs and trading up 0.70% on the day. The gain is only behind the NZDUSD which has moved up 0.80% so far today. The ...

November 2, 2023, 2:44 am

Aud to usd forecast: australian trade data and the us labor market in focus

As markets anticipate a hawkish RBA decision, the AUD/USD’s trajectory to $0.65 hinges on the US labor market, shaping monetary policy divergence. T...

November 1, 2023, 11:15 pm

Pffa: buy this preferred stock etf trading at a discount

Virtus InfraCap U.S. Preferred Stock ETF is an actively-managed ETF that holds preferred stocks from across the US investible universe. PFFA has outpe...

November 1, 2023, 10:52 am

Japan's matsuno says rapid fx moves are undesirable

Japan chief cabinet secretary Matsuno with some verbal intervention to proper up the yen: Important for currencies to move in stable manner reflecting...

November 1, 2023, 2:11 am

Usd/jpy technical: bearish elements sighted at key resistance zone

Last Friday, 27 Oct price actions of the USD/JPY led to the formation of a weekly bearish reversal “Shooting Star” candlestick right at a key resi...

October 30, 2023, 12:01 pm

Eur/gbp: forecast profile lifted slightly higher to 0.89 over the coming 12 months – danske bank

Near-term, we expect the cross to range trade on the back of little divergence in either the growth or ...

October 27, 2023, 11:14 am

Usd/jpy: next potential hurdles located at 151.25 and last year high of 152/152.80 – socgen

USD/JPY has given a break above its one-month range denoting persistence in up move. It is worth noting that daily MACD has been posting negative ...

October 27, 2023, 10:29 am

Pmis signal growth divergence between euro area and us

Market movers today Data calendar for today is almost empty for main markets, only German IFO index for October due. In Sweden, September PPI index wi...

October 25, 2023, 6:48 am

Microsoft took market share from google. how ai is changing cloud competition.

Microsoft's Azure impressed where Google Cloud disappointed and the reason behind the divergence looks ...

October 25, 2023, 5:27 am

Is it time to strike on crowdstrike as a secure momentum play?

From a technical perspective, the cybersecurity play boasts a 70 relative strength indicator (RSI) reading on the weekly chart. The moving average con...

October 23, 2023, 9:16 am

Deutsche bank slash their eur/usd year end forecast to 1.07 (from 1.15)

Snippet from DB on the euro, saying their view on it is neutral and hence they've lowered their end-2023 forecast to 1.07 from 1.15 previously. DB say...

October 23, 2023, 2:00 am

Silver prices forecast: bullish wave amid geopolitical strife, short-covering

XAG/USD rises amid Middle East tension, showcasing trading divergence; rally fueled by short-covering, polarizing small and big traders’ stance. The...

October 22, 2023, 6:00 am

Uk september retail sales -0.9% vs -0.2% m/m expected

Prior +0.4%Retail sales -1.0% vs -0.1% y/y expectedPrior -1.4%; revised to -1.3%Retail sales (ex autos, fuel) -1.0% vs -0.4% m/m expectedPrior +0.6%Re...

October 20, 2023, 6:00 am

Technical outlook and review

DXY: The DXY (US Dollar Index) chart currently displays an overall neutral momentum, suggesting a potential scenario for price to fluctuate between th...

October 20, 2023, 5:13 am

Credit agricole: despite rising us rates, the usd underperforms - what's next?

Synopsis: Credit Agricole highlights an intriguing divergence between the recent rally in US rates and ...

October 18, 2023, 6:41 pm

S&p 500 turns positive, dollar falls further

There is something of a divergence in US equity markets with the S&P 500 flat but the Russell 2000 up 1...

October 17, 2023, 3:25 pm

How to trade on hidden bullish and bearish divergences

Explore the intricacies of hidden divergence, namely hidden bearish divergence with the RSI and hidden ...

October 16, 2023, 9:12 am

Pound sterling price news and forecast: gbp/usd rises after fomc minutes reveal divergence in viewpoints

GBP/USD maintains its position above 1.2300 major level ahead of US CPI. GBP/USD continues the winning streak that began last week, trading higher aro...

October 12, 2023, 4:59 am


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