Weekly Market Review: Last Week’s Economic Indicators
Hello traders, and welcome to this week’s edition of our Market Review. Not to make things about me, but it’s my birthday! Nevertheless, the market waits for no one, so let’s get right into the week’s key highlights and upcoming events. Last Week’s Economic Indicators The State of the Markets In chart analysis, the U.S. […]
Weekly Market Recap: An Analysis by FXGlobe.com
Welcome Traders, The past week has been brimming with market-moving data, leaving traders on their toes as they navigated through the highs and lows. Here’s a comprehensive recap. Economic Indicators and Market News In Canada, the CPI month-over-month came in at 0.4%, surpassing the forecast of 0.2%. Similarly, the Median CPI year-over-year outdid expectations, coming […]
The Shocking Truth About Major Currencies
The world of major currencies can leave one feeling bewildered. Coveted currencies such as the US dollar, euro, Japanese yen, British pound sterling, Canadian dollar, Swiss franc and Australian dollar hold tremendous sway in the global economy due to their stability and liquidity as a medium for international transactions. Various factors like economic performance, political […]
FXGlobe Weekly Market Review: A Pivotal Week for Traders
A Recap of This Week’s Economic Data This week, the Australian Dollar was in focus, with its Cash Rate standing steady at 4.10%. Likewise, its GDP numbers showed a moderate increase of 0.4% on a quarterly basis. In Canada, the Bank of Canada kept its Overnight Rate at 5.00%, with Governor Macklem speaking later in […]
Weekly Forex Market Review: A Whirlwind of Activity and What to Watch Next Week
Last Week’s Highlights Last week was a rollercoaster ride in the financial markets, featuring some key economic indicators and chart patterns that hint at the future. The U.S. Consumer Confidence Index for September took a hit, falling from 108.7 to 103.0. With less optimistic consumers, the American dollar is showing signs of vulnerability. On the […]
Soybean Oil Retracement
Good morning Traders! Soybeans products have seen a strong selloff in the last couple of weeks, today I want to take a look at the chart of Soybean Oil. Soybean Oil The market is now in a confirm downtrend on the Daily, Weekly and the Monthly timeframes. After a strong push to a new Lower […]
October Holidays 2023: Insights for Traders
Dear Client, Please be informed,That due to the upcoming Holidays on October 2023,Trading hours will be adjusted as follows: Instrument Name 29th of September 02nd of October 03rd of October 10th of October 12th of October 20th of October 23rd of October 24th of October 31st of October Friday Monday Tuesday Tuesday Thursday Friday Monday […]
Navigating Earnings Season: Key Insights for Traders
Good morning Traders! Well, it’s that time of the year again, and after a bruising year in many corners of the stockmarket, traders and investors alike will be looking at earning reports as well as futureearning estimations and predictions for clues on direction. Netflix Netflix is due to report on the 19th of January after […]
Economic Highlights and Market Trends
Recapping Key Economic Data This past week in the financial markets was marked by several crucial economic releases. The US ISM Manufacturing PMI showed a marginal improvement to 47.4, suggesting a slowing contraction in the manufacturing sector. JOLTS Job Openings slightly decreased to 8.79 million, indicating a stable yet evolving job market. The release of […]
La Segunda Quincena de Noviembre Sigue el Camino de la Primera
Tras una gran primera quincena del mes de noviembre en las principales bolsas americanas y europeas, parece que para la segunda tenemos sendas continuistas. El optimismo en los mercados parece seguir instalado y las fechas de acción de gracias, BlackFriday y las posteriores navidades, suelen ser fechas estacionalmente alcistas para estos activos. En el artículo […]