The global forex market continues to deliver significant movements as 2024 nears its end. In recent days, the spotlight has been on U.S. Treasury yields dropping below their 200-day moving average and the USD/JPY pair plunging below the critical 150.00 mark. These shifts underscore broader trends in monetary policy, economic…
Insights on US Mortgage Data, GBP/USD Trends, and Key Economic Updates 📰💹 US MBA Mortgage Applications: Surging Activity Amidst Mixed Trends 🏡📊 Date: November 22, 2024Reported: +6.3% (prior +1.7%) The US MBA Mortgage Applications index saw a significant surge of 6.3%, driven by a sharp rise in purchase activity. This…
USD/JPY Technical Analysis: Navigating Key Levels and Trends 1. Market Overview: A Week of Rangebound Movement 🌀 The USD/JPY pair has exhibited a rangebound trading pattern throughout the past week. Despite sporadic late-day strength in the USD, these gains were largely erased, leaving the pair oscillating around critical levels. 2.…
Overview Today’s market movements reflect a complex interplay of political developments, economic indicators, and sector performance. Notably, the UK financial landscape is under scrutiny following the Labour Party’s first budget in 15 years, leading to significant shifts in bond yields and currency valuations. UK Economic Developments A spokesperson for Labour…
HUBFX Market Report: October 9, 2024 – Trade Ideas and Market Insights Good morning, afternoon, and evening to all our global traders! Today’s economic calendar is packed with Federal Reserve speeches, crude oil updates, and ongoing geopolitical tensions. Market participants are keeping a close eye on the USDJPY, EURGBP, and…
HUBFX Market Report – Asia Economic Calendar for 08 October 2024 The economic calendar for October 8, 2024, is packed with critical events that will drive market movements, particularly in currencies, commodities, and equities. Central banks will take the spotlight today, with speeches from Federal Reserve officials and the Reserve…
HUBFX’s Take on Today’s Financial News: #USGDP #AtlantaFed The economic world is buzzing today with a number of pivotal updates. One of the most significant developments comes from the United States, where the Atlanta Federal Reserve has adjusted its GDPNow forecast for Q3 2024. This downward revision, from 3.1% to…
Welcome to the Weekly Forex Report, your go-to source for analysing the latest forex market trends. This week’s report covers the rise of USD/JPY and the impact of falling Canadian retail sales. A Big Day for Canada In this Weekly Forex Report, we explore key movements, Canada took centre stage…
September 17, 2024 The USD/JPY pair surged above the critical 100-hour moving average (MA) today, marking a notable shift in market sentiment as the US dollar strengthened against the Japanese yen. This move was driven by better-than-expected US economic data, including robust retail sales and industrial production figures, which provided…
USD/CAD Technical Analysis Current Support Levels The USDCAD is currently supported by its 100-hour moving average, which is positioned at 1.35756. This moving average acts as a crucial support level, providing a base for potential bullish momentum. Resistance Levels to Watch For the USDCAD to exhibit a sustained bullish outlook,…
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