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US Stock Market Prepares for Slight Dip in Opening | Forexlive
Yields in the US stock market are on the rise, causing a slight pause as investors adjust to the potential impact of a Trump Presidency next week. The futures market is currently indicating a...
EUR/USD Analysis and Forecast: Key Updates and Trends – Action Forex
The EUR/USD pair experienced a notable fall recently after being rejected by the 55 4-hour Exponential Moving Average (EMA) at 1.0832. Despite this, it managed to stay above the temporary low of 1.0760. At...
BlackRock CEO Predicts Fed to Cut Rates by 25 bps Before Year-End
BlackRock CEO, Larry Fink, recently made a prediction about the Federal Reserve cutting rates before the end of the year. He believes that there will be a rate cut of at least 25 basis...
GBPUSD Trading Range Forecast: 1.2900 – 1.3000 Key Levels – Action Forex
GBPUSD recently lost momentum as it approached the uptrend line, signaling a potential shift in the market. Although the pair broke the long-term ascending trendline, it is currently trading within a narrow range after...
China’s Luckin Coffee to Enter US Market, Plans to Undercut Starbucks Prices
China's Luckin Coffee, known for its aggressive expansion and competitive pricing, is set to enter the US market in a move that could shake up the coffee industry. The company, often referred to as...
Eco Data Analysis for October 29, 2024 – Action Forex
The Eco Data Analysis for October 29, 2024, provided insights into various economic indicators across different countries. Here is a breakdown of the data:- Japan's Unemployment Rate for September remained steady at 2.50%.
- Germany's...
Crude Oil Futures Settle at $67.38 – Latest Update and Analysis
Crude oil futures ended the day at $67.38, marking a decrease of -$4.40 or -6.13%. Throughout the day, the price fluctuated between a low of $66.94 and a high of $68.84. The drop in...
Navigating the FOMC Blackout: November Flashlight Analysis – Action Forex
The Federal Open Market Committee (FOMC) recently initiated an easing cycle by reducing the fed funds target range by 50 bps to 4.75%-5.00% at its last meeting in September. However, it appears that further...
Best Day of the Year for Stock Markets: Forexlive Analysis and Insights
According to Carson Investment Research, October 28 has historically been the best day of the year for the S&P 500. While daily averages may be influenced by unique events, Goldman Sachs also points out...
USD/JPY Forecast: Mid-Day Analysis and Outlook for Today – Action Forex
The USD/JPY pair is showing an upward bias during the day with minor support at 151.44 remaining intact. If the pair continues to trade above the 61.8% retracement level of 153.39, we could see...